Hemp Industry Daily reports…..A federal bankruptcy judge has approved the sale of the bulk of the assets for GenCanna Global, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, to MGG Investment Group, a New York-based, private direct lender and one of GenCanna’s creditors.
The deal, valued at $77 million, allows MGG Investment Group to recoup its investment, Law 360 first reported.
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Judge OKs $77 million sale of GenCanna Global assets out of bankruptcy
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Originally posted on Federal Bankruptcy Judge Approves Sale Of Bulk Of GenCanna Global To MGG Investment Group via Cannabis Industry News
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