GenCanna Bankruptcy Leads MariMed to Write-Down $63 Million for its Investment and Receivables

New Cannabis Ventures
By Alan Brochstein, CFAMar 17, 2020, 6:30 pm208 ptsTrending
In late 2018, MariMed (OTC: MRMD) announced a $30 Million investment into GenCanna Global, a Kentucky-based hemp company, to help it expand its processing facilities. Today, the company revealed in an SEC Form NT 10-K that it has written off not only its investment in the company, which declared bankruptcy in…

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