MariMed Announces Debt Restructuring Actions and Improved Revenues and Cash Flow – GlobeNewswire

July 23, 2020 09:06 ET | Source: MariMed Inc. Closes $13.0 million mortgage-backed refinancing at 6.5% Retires $7.3 million of short-term higher rate debt Revenues and cash flow from consolidated cannabis operations continue to increase NORWOOD, Mass., July 23, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD) (the Company or MariMed), a leading multi-state cannabis…

Personal insolvency professionals predict spike in cases through Q4 – Credit Strategy

23 Jul 2020 Nearly two thirds of insolvency professionals who expect personal insolvencies to rise this yearbelievethe increase will kick inbetween October and December,a study has found. Lauren Tavener Recent History and Economics graduate and content writer for Credit Strategy. Lauren Tavener Recent History and Economics graduate and content writer for Credit Strategy. R3, the…

ascena retail group Reaches Comprehensive Restructuring Agreement to Strengthen Financial Position – GlobeNewswire

July 23, 2020 06:07 ET | Source: ascena retail group, inc. Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan COVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic Step Forward to Protect the Business for…

Rochfort Distillery enters liquidation: Injunction halts the auctioning of whisky at Hindmarsh Valley property | The Times | Victor Harbor, SA – Victor Harbor Times

The Rochfort Distillery in Hindmarsh Valley has been placed into liquidation, faced with potentially more than $500,000 of debts. The award-winning distillery and 200 seat restaurant opened in 2018 just outside of Victor Harbor, at the site of the former Victor Harbor Winery. It may now be forced into selling off its stock of whisky,…