Amid Restructuring, Canopy Takes $2.5 Billion Net Loss, But Sees Path To Profitability June 27, 2023 Ontario-based cannabis producer Canopy Growth saw sales decline 21% to C$403 million ($306m) in its fiscal year through March, with adjusted EBITDA registering a loss of C$350 million ($266m). The companys total net loss for the year came to…
By The Royal GazetteJune 28, 2023 Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease of life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien of most of his stake in the telecoms group in exchange…
SAN DIEGO, June 28, 2023–(BUSINESS WIRE)–Dalrada Corporation (OTCQB: DFCO, “Dalrada”), an American company focused on global transformative environmental innovations with a multi-faceted technological and operational approach to mitigate the negative impacts of climate change, today announced the details of its corporate restructuring effort with an increased focus on climate technology. Its new division, Dalrada Climatech,…
Created: Jun 28, 2023 07:20 AM Denis O’Brien, founder and chairman of the Digicel Group (File photograph) Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease of life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien…
Selier Abogados has incorporated Daniel Gmez de Arriba as new managing partner for the new restructuring and insolvency practice area. With this signing, the Madrid-based firm strengthens a key area to consolidate its market position and achieve its growth plans in the short and medium term. A graduate in Law from ICADE, an expert in…
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash. A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid…
Created: Jun 27, 2023 05:07 PM Denis O’Brien, founder and chairman of the Digicel Group (File photograph) Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease on life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien…
Hi-Rez Studios has recently undergone a restructuring to “focus the business around its top priorities.” On LinkedIn, CEO Stewart Chisam wrote that the studio will now be split across three branches that will operate as independent studios of the newly rebranded Hi-Rez Ventures. Layoffs have also been part of the restructure, though Chisam did not disclose how…
Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 /PRNewswire/ — Lordstown…
June 26 (Reuters) – British cinema chain operator Cineworld Group (CINE.L) on Monday said it will file for administration as part of a proposed restructuring plan. The world’s second-largest movie theatre chain operator filed for U.S. bankruptcy protection in September, hoping to restructure its massive debt after being hit hard by the COVID-19 pandemic. The…