The weakest companies are succumbing and even relatively healthy firms are showing signs of strain. The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, the industry is now facing a pandemic-related collapse in stock markets and ever-shrinking financing options. Pot companies completed two capital raises worth just US$5.6 million the week ended March 27,…

READ MORE: https://www.cannabisculture.com/content/2020/04/06/cannabis-bankruptcies-start-to-roll-in-as-pandemic-halts-financing/