Levin the wrecker has certainly done his work according to this GMR report
High Times receiver Kevin Singer appears to be back on the job, but this time he has spending limits. High Times, the once iconic publisher of cannabis culture, has been offline for weeks as the company battles through receivership proceedings.
High Times’ lender ExWorks, which is also bankrupt, has been trying to scrape some money out of the ashes of the stoner publication. Stephen Kunkle, the receiver for ExWorks, hired Singer to make sense of the convoluted books at the company owned by Adam Levin. However, Singer’s contract was terminated in June after the receiver’s bill hit $390,716.49.
Singer meticulously accounted for every dollar spent, but the unraveling of High Times’ messy organization proved to be time-consuming. Singer found unpaid state taxes and employment taxes. He found the company’s accounting in disarray, and as he continued to make sense of the mess, more creditors made themselves known and wanted to be paid.
Singer also discovered business contracts that hadn’t been disclosed, making the act of valuing the company’s assets more difficult.
Read the full report
https://www.greenmarketreport.com/high-times-receiver-returns-to-post-but-with-spending-limits/
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