Chapter 15 Recognition Obtained by Cannabis Holding Company

Introduction The cannabis industry has been undergoing a significant wave of defaults and receivership proceedings in recent years. Faced with price compression and increased competition including from the illicit market, limited access to traditional sources of debt and capital markets, and compressed margins, many cannabis companies have found themselves unable to service their debt obligations.…

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Newcastle recruitment consultant sentenced for Covid fraud

Lucien Ekamba-Elombe, 50, of Union Hall Road, Newcastle, secretly set up a new recruitment firm after his previous business collapsed and continued to act as a director despite being disqualified. He fraudulently claimed a £30,000 Bounce Back Loan under the Government’s Covid-19 scheme and used company funds to purchase two properties worth more than £190,000.…

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