Gold Flora Corp Becomes California’s Latest Cannabis Casualty After Falling into Liquidation

Another one of California’s largest cannabis operators plans to liquidate assets after mounting financial losses and operational challenges. Gold Flora Corp., one of the state’s largest cannabis retail chains, is entering receivership after defaulting on a $11.5 million loan. The company said in a press release its seeking court protection as a result of lawsuits related to its 2023 acquisition of…

Ola Electric: Ola Electric’s subsidiary faces insolvency plea over payment dispute

Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, has filed a plea to initiate insolvency proceedings against the wholly owned subsidiary of electric two-wheeler maker Ola Electric, over alleged payment defaults.The petition, filed before the Bengaluru bench of the National Company Law Tribunal (NCLT), claims non-payment for services rendered and seeks to initiate…

GrowthOps goes into administration – AdNews

Credit: Hush Naidoo Jade Photography via Unsplash Marketing and technology group GrowthOps Australia has gone into voluntary administration, AdNews can reveal. GrowthOps formed in late 2017 as part of an eight-way merger, acquiring AJF Partnerships, 3wks, Digital Moshi, Institute of Executive Coaching and Leadership, jtribe, KDIS, Khemistry and Voodoo Creative. A local source told AdNews 18 people in…