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  • Business Wire

    MedMen Announces Entering Bankruptcy Proceedings and Resignation of CFO and Directors

    BOCA RATON, Fla., April 26, 2024--MedMen Enterprises Inc. ("MedMen" or the "Company"), a cannabis company with subsidiaries operating across the United States, today announced that it made an assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act (the "Bankruptcy Proceedings") on April 24, 2024 and B. Riley Farber Inc. was appointed as the Company’s bankruptcy trustee (in such capacity, the "Bankruptcy Trustee"). The Company’s Chief Financial Officer, Amit Pandey, resigned

  • Reuters

    Stranded ships exit Baltimore port via temporary channel

    Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have exited this week via a temporary channel, according to shipping data. The Balsa 94, a general cargo carrier, on Thursday was the first to exit Baltimore Harbor via a new channel that is 300 feet (91 meters) wide and at least 35 feet (11 meters) deep. Other exiting ships were the Saimaagracht, a Netherlands-flagged general cargo ship, the Carmen car carrier owned by Norwegian/Swedish shipping firm Wallenius Wilhelmsen and the Thailand-flagged bulk carrier Phatra Naree.

  • Yahoo Finance Video

    What a TikTok ban could mean for creators

    President Biden has signed legislation that forces ByteDance, the parent company of TikTok, to either divest its operations or face a ban in the US. Xcel Brands CEO & ORME Co-Founder Robert D'Loren joins Yahoo Finance to discuss what the legislation means for content creators and brands moving forward. D'Loren acknowledges TikTok's status as "one of the most important social media platforms" for brands and influencers, offering opportunities for business growth and exposure. However, with uncertainty looming over TikTok's future in the United States, D'Loren advises users to "hope for the best, plan for the worst." Highlighting the resilience of the creative community, D'Lorene emphasizes their adaptability stating, "never underestimate a crowd." Even in the event of a TikTok ban, he expresses confidence that creators would find "the next best platform" to maintain their presence. "I think we're going to see more and more people, given the uncertainty with TikTok, beginning to migrate to new platforms," he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith