‘There’s Just No Money Coming in’: Cannabis Sector Bracing for Wave of Insolvencies in 2020

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Oversupply, declining prices, and a slow rollout of stores in Ontario has led to consecutive quarters of weak revenue for many licensed producers. Cannabis industry insiders are bracing for a slew of bankruptcies in the coming year as small and medium-sized companies low on cash struggle to raise funds in the downtrodden sector. “We have had a busy few years, but next year we’re going to be busy for a different reason — we expect…
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