Greenrose Holding Co Inc.: going-concern / distress — Greenrose Holding files for Chapter 7 bankruptcy, ceases operations

Greenrose Holding Co Inc.

Filed Chapter 7 petition on June 18, 2024 in Eastern District of NY (Case No. 8-24-72384).
Company ceased all operations; a Chapter 7 trustee will assume control and liquidate assets.
Board of directors and executive officers lose authority to act on behalf of the Company.
Assets will be liquidated and claims paid per Bankruptcy Code priority statutes.
Wind-down operations had been ongoing since July 27, 2023 as previously disclosed.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Greenrose Holding Co Inc. entered chapter 7 in United States Bankruptcy Court for the Eastern District of New York (petition 2024-06-18).

Proceeding: chapter 7
Court: United States Bankruptcy Court for the Eastern District of New York
Petition: 2024-06-18

Exact text from the filing

on June 18, 2024, the Company ceased its operations and filed a voluntary petition (the “ Petition ”) for relief under the provisions of Chapter 7 (“ Chapter 7 ”) of Title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Eastern District of New York, Case No. 8-24-72384.

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Source: SEC EDGAR

accession 0001213900-24-054658

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