Cannabis Retailer Tokyo Smoke To Close 29 Stores In Canada As It Seeks Creditor Protection
Cannabis Retailer Tokyo Smoke To Close 29 Stores In Canada As It Seeks Creditor Protection
Tokyo Smoke, an award-winning cannabis retailer, announced Wednesday it has begun a restructuring of its business and obtained an Initial Order under the Companies' Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice in Canada. As a result, it will be shutting 29 of its stores.
獲獎的大麻零售商東京煙( Tokyo Smoke)於週三宣佈正在對其業務進行重組，並從加拿大安大略省高級法院獲得了《公司債務安排法案》(CCAA)的初步訂單。因此，它將關閉29家門店。
What Happened: The Canadian company, previously owned by Canopy Growth Corp (NASDAQ:CGC), provides regulated products online as well as across 61 retail locations. It has secured financing to continue normal operations while it restructures its business.
發生了什麼: 這家加拿大公司以前由Canopy Growth Corp (納斯達克股票代碼：CGC)擁有，可以在線提供受管制產品，以及在61個零售店鋪銷售。在進行業務重組期間，該公司已獲得融資以繼續正常運營。
This will include, per a company press release, "adjusting its total retail footprint through the closing of 29 locations, with continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan and Newfoundland and Labrador."
根據公司新聞稿，這將包括"通過關閉29個門店來調整其總體零售空間，同時在安大略省、曼尼托巴省、薩斯喀徹溫省和紐芬蘭和拉布拉多省繼續運營約167家門店。"
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This move encompasses Tokyo Smoke's various retail programs and its medical cannabis business. Retail locations unaffected by the restructuring will continue to operate in the normal course with no disruption or change to its online business or to The High Roller Club loyalty program, the company stated.
此舉涵蓋了東京煙的各種零售項目和其醫療大麻業務。該公司表示，未受重組影響的零售門店將繼續正常運營，不會對其在線業務或The High Roller Club忠誠計劃造成干擾或變動。
Following a thorough review of all available options and alternatives, Tokyo Smoke began the restructuring to align its operations with current market and regulatory conditions, which have significantly changed since the initial licensing regimes in the provinces where Tokyo Smoke operates were introduced.
在對所有可用選項和替代方案進行仔細審查後，東京煙開始進行業務重組，以使其業務與當前市場和監管條件保持一致。自東京煙所在的省份初次獲得許可制度以來，市場和監管條件發生了重大變化。
The company says it will pursue an exit from CCAA protection "as a stronger business, better positioned to continue providing premium products to its customers over the long-term while continuing to provide jobs to its more than 500 dedicated employees across Canada."
該公司表示，它將追求推出CCAA保護，"成爲一個更強大的企業，更好地爲其客戶提供優質產品，同時爲加拿大的500多名全職僱員提供就業機會。"
Reconstruct LLP is acting as legal advisors to Tokyo Smoke and Alvarez & Marsal Canada Inc. is acting as the CCAA Monitor. Additional information regarding the CCAA proceedings will be made available on the Monitor's website at alvarezandmarsal.com/TokyoSmoke.
Reconstruct LLP擔任東京煙的法律顧問，Alvarez & Marsal Canada Inc.則擔任CCAA監察人。有關CCAA程序的其他信息將在監察人的網站alvarezandmarsal.com/TokyoSmoke上公佈。
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譯文內容由第三人軟體翻譯。