Pelorus Fund REIT Supports StateHouse Holdings' Initiation of Bankruptcy Proceedings in Canada
Pelorus Fund REIT, a significant debt holder of StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF), has expressed support for StateHouse's decision to initiate bankruptcy proceedings for its Canadian parent entity. This follows Pelorus' receivership complaint filed in September and a recent stipulation with majority holders of StateHouse's 9.0% secured notes for the appointment of a receiver.
The bankruptcy filing and receivership are aimed at protecting StateHouse's employees, customers, business partners, and vendors, while preserving its ongoing operations in California. Pelorus believes these actions will allow StateHouse to continue operating normally across its production and distribution footprint in the state.
Pelorus recognizes the significant value of StateHouse's business and intends to work with the company and the court-appointed receiver to ensure a cleaner, more efficient, and appropriate structure moving forward.
Pelorus Fund REIT, un importante detentore di debito di StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF), ha espresso supporto per la decisione di StateHouse di avviare procedure di fallimento per la sua entità madre canadese. Questo segue la denuncia di ricevimento di Pelorus presentata a settembre e una recente stipulazione con i detentori di maggioranza delle note garantite al 9,0% di StateHouse per la nomina di un curatore.
La richiesta di fallimento e la nomina del curatore mirano a proteggere i dipendenti, i clienti, i partner commerciali e i fornitori di StateHouse, salvaguardando al contempo le operazioni in corso in California. Pelorus ritiene che queste azioni consentiranno a StateHouse di continuare a operare normalmente nel suo ambito di produzione e distribuzione nello stato.
Pelorus riconosce il significativo valore del business di StateHouse e intende collaborare con l'azienda e il curatore nominato dal tribunale per garantire una struttura più pulita, efficiente e appropriata in avanti.
Pelorus Fund REIT, un importante tenedor de deuda de StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF), ha expresado su apoyo a la decisión de StateHouse de iniciar procedimientos de quiebra para su entidad matriz canadiense. Esto sigue a la demanda de recepción presentada por Pelorus en septiembre y a un reciente acuerdo con los tenedores mayoritarios de las notas garantizadas al 9,0% de StateHouse para la designación de un receptor.
La solicitud de quiebra y la recepción tienen como objetivo proteger a los empleados, clientes, socios comerciales y proveedores de StateHouse, al mismo tiempo que se preservan sus operaciones en California. Pelorus cree que estas acciones permitirán a StateHouse continuar operando con normalidad en su área de producción y distribución en el estado.
Pelorus reconoce el significativo valor del negocio de StateHouse y tiene la intención de trabajar con la empresa y el receptor designado por el juez para asegurar una estructura más limpia, eficiente y adecuada en el futuro.
Pelorus Fund REIT는 StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF)의 중요한 채권 보유자로서, StateHouse가 캐나다 모회사를 위한 파산 절차를 시작하기로 한 결정을 지지한다고 밝혔습니다. 이는 9월에 Pelorus가 제출한 수신 요청과 StateHouse의 9.0% 담보 노트의 다수 보유자들과의 최근 합의에 따른 것입니다.
파산 신청 및 수신 절차는 StateHouse의 직원, 고객, 사업 파트너 및 공급업체를 보호하기 위해 진행되며, 캘리포니아 내에서의 지속적인 운영을 보존하는 것을 목표로 합니다. Pelorus는 이러한 조치가 StateHouse가 주 내에서 정상적으로 운영될 수 있도록 할 것이라고 믿고 있습니다.
Pelorus는 StateHouse 사업의 상당한 가치를 인식하고 있으며, 향후 더 깨끗하고 효율적이며 적절한 구조를 보장하기 위해 회사 및 법원 지정 수신자와 협력할 계획입니다.
Pelorus Fund REIT, un important créancier de StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF), a exprimé son soutien à la décision de StateHouse d'initier des procédures de faillite pour sa société mère canadienne. Cela fait suite à la plainte de récepteur déposée par Pelorus en septembre et à une récente stipulation avec les détenteurs majoritaires des obligations sécurisées à 9,0 % de StateHouse pour la nomination d'un séquestre.
La demande de faillite et le séquestre visent à protéger les employés, clients, partenaires commerciaux et fournisseurs de StateHouse, tout en préservant ses opérations en cours en Californie. Pelorus est convaincu que ces actions permettront à StateHouse de continuer à fonctionner normalement dans son domaine de production et de distribution dans l'État.
Pelorus reconnaît la valeur significative de l'entreprise StateHouse et a l'intention de collaborer avec l'entreprise et le séquestre nommé par le tribunal pour assurer une structure plus claire, plus efficace et appropriée à l'avenir.
Pelorus Fund REIT, ein bedeutender Schuldner von StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF), hat seine Unterstützung für die Entscheidung von StateHouse zum Ausdruck gebracht, Insolvenzverfahren für ihre kanadische Muttergesellschaft einzuleiten. Dies folgt auf die von Pelorus im September eingereichte Beschwerde und eine kürzliche Vereinbarung mit den Mehrheitseignern der 9,0% gesicherten Anleihen von StateHouse zur Ernennung eines Insolvenzverwalters.
Der Insolvenz Antrag und der Insolvenzverwalter zielen darauf ab, die Mitarbeiter, Kunden, Geschäftspartner und Lieferanten von StateHouse zu schützen, während die laufenden Geschäfte in Kalifornien aufrechterhalten werden. Pelorus ist der Meinung, dass diese Maßnahmen StateHouse ermöglichen werden, im Rahmen der Produktion und Distribution im Bundesstaat normal weiterzuarbeiten.
Pelorus erkennt den signifikanten Wert des Geschäfts von StateHouse an und hat die Absicht, mit dem Unternehmen und dem gerichtlich bestellten Insolvenzverwalter zusammenzuarbeiten, um eine sauberere, effizientere und angemessene Struktur für die Zukunft zu gewährleisten.
- Preservation of StateHouse's ongoing operations in California
- Protection of StateHouse's employees, customers, business partners, and vendors
- Potential for a cleaner and more efficient business structure
- StateHouse Holdings initiating bankruptcy proceedings for its Canadian parent entity
- Appointment of a receiver for StateHouse Holdings
- Financial distress indicated by the need for bankruptcy and receivership
"We are pleased at the progress made since we initially filed our Receivership complaint in September and to enter into a stipulation earlier this week with majority holders of the Company's
About Pelorus Capital Group and Pelorus Fund REIT, LLC
Pelorus Capital Group offers a range of innovative transactional solutions addressing the diverse needs of real estate investors and portfolio managers. Our flexible acquisition and bridge lending programs are the direct result of our involvement in more than 4,700 transactions of varying size and complexity. Since 1991, our principals have participated in more than
Contact Information
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SOURCE Pelorus Fund REIT, LLC.
FAQ
Why is StateHouse Holdings (STHZF) initiating bankruptcy proceedings?
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