Ominous talk about bankruptcies across the industry continues. Most expect some LPs will fold in the coming year, but no one knows how many. Meanwhile, capital markets are shrinking away.
- Some companies are trying to sell off assets in order to bank cash, but they’re not the kinds of assets other LPs want to buy.
- Analysts continue to warn some LPs are at risk of running short of cash in coming months.
- Companies that wish to be added to the index must have a market cap of $120M and trade a median $400,000 per day.
- MED companies will be eligible for financial aid and international support from the federal Trade Commissioner Service if they wish to develop overseas deals. MJ Biz Daily