Potentially, a significant business casualty has befallen the psychedelic sector. Early industry leader,Field Trip Health & Wellness(OTC:FTHWF), has announced that it has obtained an Order for creditor protection from theOntario Superior Court of Justiceunder theCompanies' Creditors Arrangement Act(CCAA).TDR looked into the data to see how past companies entering CCAA proceedings have turned out.

An Order for creditor protection under the CCAA is a legal process available to insolvent Canadian companies to help them restructure and reorganize their affairs while protecting them from their creditors. Application for CCAA generally occurs when a company is...