Tag: bankruptcy
-
![European office supplies manufacturer takes Wayland Group (WAYL.C) weed grow for $12.3m]()
European office supplies manufacturer takes Wayland Group (WAYL.C) weed grow for $12.3m
The Wayland Group (WAYL.C) announced Thursday Austria-based Ring Holding International AG will purchase their Maricann assets, which essentially make up their entire business, for the bargain price of $12.3 million as part of ongoing bankruptcy proceedings. The purchaser of the Maricann assets is a family office with a core focus on the manufacturing of lever…
-
James A. Wagner Cultivation (JWCA) goes into creditor protection, financier jumps 50%
It’s never been clearer that many Canadian cannabis companies were built, from the outset, poorly. As the economy creaks and groans and every sector takes a hit from COVID-19 effects, cannabis should be an exception to the rule because, if my circle is any indication, a lot of folks are at home, bored, and getting…
-
![Explaining the violent explosion of Canadians who can not pay their bills]()
Explaining the violent explosion of Canadians who can not pay their bills
A high bankruptcy rate may intuitively seem like a bad thing, but straight-faced “financial experts” argue that bankruptcies are a proxy for imaginative risk-taking – and therefore a good thing.
-
![The emperor’s new clothes or welcome to debt-fueled consumer-driven economics]()
The emperor’s new clothes or welcome to debt-fueled consumer-driven economics
Remember Han Christian Andersen’s The Emperor’s New Clothes? It starts off about seeing something and saying nothing, but then ends with deliberate denial. It seemed as though Anderson’s satire came to life when analysts proclaimed retailers would enjoy a busy Christmas because the latest consumer sentiment index (CSI) was up. The CSI is based on…
