News Formal

Cannabis company Phoena will wind down business under creditor protection

  • 📰 OttawaCitizen
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Phoena Holdings Inc. plans to wind down its business and has obtained creditor protection for a second time.

Melissen founded Kenzoll and took the helm of Phoena when former chief executive Greg Guyatt stepped down in February.

An Ontario court, who heard a case brought by the Ontario Securities Commission, acquitted three of the company’s former executives last year. Peter Aceto, Eric Paul and Mark Litwin had been charged with offences linked to the alleged unlicensed growing, but midway through the case the securities regulator revealed it no longer had a reasonable prospect of convicting the men.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 21. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Looks like that cutting is needing plenty of TLC before pumping it full of fast grow. GrowYourOwnTherapy

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cannabis company Phoena will wind down business under creditor protection - BNN BloombergPhoena Holdings Inc. plans to wind down its business and has obtained creditor protection for a second time.
Source: BNNBloomberg - 🏆 83. / 50 Read more »