Judge Approves $77M GenCanna Bankruptcy Sale

Ganjapreneur
By TG BranfaltMay 20, 2020, 11:11 am201 pts
A U.S. bankruptcy judge has approved an order allowing Kentucky hemp processing company GenCanna Global USA Inc. to sell off its inventory, intellectual property, and licenses to MGG GenCanna Acquisition Group, Law360 reports. The deal also involves a credit bid of $73.5 million, which MGG lent to GenCanna both…

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