California Cannabis Company StateHouse Holdings Enters Bankruptcy, Halts Trading On Canadian Securities Exchange
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
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Source: Benzinga
Bankruptcy Announcement: StateHouse Holdings has entered bankruptcy proceedings under Canada's Bankruptcy and Insolvency Act due to financial difficulties, following legal action from Pelorus Fund seeking receivership.
Trading Suspension: Trading of StateHouse shares on the Canadian Securities Exchange has been halted, with expectations of delisting as the company navigates its insolvency and ongoing operations in California.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
