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Cannabis company acquires B.C.'s insolvent Tantalus Labs brand

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Tantalus entered bankruptcy and insolvency proceedings in late June

Financial terms of the agreement were not immediately available.The company had to lay off more than 50 workers at its facility in Maple Ridge, B.C., owing millions to its main lender and millions more for unpaid excise taxes.

This report by The Canadian Press was first published Aug. 28, 2023.
 

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