California-based marijuana operator Gold Flora Corp. is facing receivership as it grapples with financial challenges.
Financial recovery firm Global Assets Liens & Foreclosure filed an ex parte application for receivership in Santa Barbara Superior Court against Gold Flora, which owes more than $236,725 in unpaid invoices.
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The hearing is scheduled for Nov. 27, according to a Global Assets news release.
Global Assets is asking that Kevin Singer of Los Angeles-headquartered Receivership Specialists be appointed as receiver.
Singer has been appointed receiver in proceedings involving cannabis companies such as Herbl, High Times and, most recently, StateHouse Holdings.
Gold Flora, which is operating under a limited receivership in Delaware, has incurred losses exceeding $37 million, according to the release.
Global assets noted that a recent proxy
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