Colorado cannabis greenhouse builder files for Chapter 11

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A Denver-based marijuana greenhouse developer is filing for bankruptcy after raising more than $15 million from investors.

According to Denver news site BusinessDen, GrowCo owes at least $8.6 million to roughly 50 creditors.

GrowCo is filing for Chapter 11 bankruptcy, which can be used to keep a business afloat by reorganizing and paying back debts over time.

Here’s what you need to know:

GrowCo, which is not a plant-touching company, was formed in 2014 to provide cultivation infrastructure and serve

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