Federal Bankruptcy Judge Approves Sale Of Bulk Of GenCanna Global To MGG Investment Group

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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