No Bankruptcy Protection, Just Receivership for Cannabis Companies – Oregon’s Chalice Farms Goes Belly Up
Written by on May 31, 2023
Oregon’s leading cannabis company, Chalice, is grappling with a severe financial crisis that has prompted significant measures. According to the ‘Willamette Week’, the company, burdened by debts exceeding $35 million, has filed a request with the Multnomah County court to place five of its subsidiary companies under the control of a receiver. Notably, Chalice operates 15 dispensaries across the state.