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In April, Master Equity Group filed a Chapter 11 bankruptcy petition in federal court in the Western District of Michigan. The company lists $176,255 in debts to a spectrum of vendors and service providers, including a local lawn care specialist and a plumbing business.
The company’s profits, however, are at least in part derived from the cannabis industry. With financial records now in the hands of a federal judge, this frames the case in an uncertain light.
