Teri Buhl

New York

Senior Reporter, Energy Financing at IJGlobal

Investigative Journalist covering High Finance. USC Alum moved East. #FightOn Muckracking TruthTeller. No Tweets can be re-published. Opinions are my own.

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Articles

El Capitan’s Nash Nears SEC Settlement

2 months ago | news.crbmonitor.com | Teri Buhl

El Capitan Advisors founder and CEO Andrew Nash is close to settling an enforcement action led by the Securities and Exchange Commission, according to sources who spoke with the SEC. The case, which is being handled by the SEC’s Los Angeles office, centers on the alleged fraud in which Nash’s cannabis-focused cash management company misappropriated millions of clients’ dollars. What’s unknown is if a Fair Fund or investment advisor ban is part of the settlement.
Planet 13 Follows the Money to Recover from El Capitan

2 months ago | news.crbmonitor.com | Teri Buhl

Andrew Nash, founder of El Capitan Advisors, had to turn over the keys to his $5 million home in Santa Barbara, Calif., to multi-state operator Planet 13 as a result of a lawsuit accusing him of a massive theft and fraud. Las Vegas-based Planet 13 Holdings has relentlessly pursued litigation against not only Nash, who is under federal investigation, but also his wife Jamie Nash and venture capital firm Casa Verde Capital, which was an early investor in Nash’s company and held a board seat.
A Hospital Empire Is Closing Its Doors-but the Stock Is on a Tear

Mar 18, 2025 | prospect.org | Maureen Tkacik |Teri Buhl

Last week, the few hundred remaining employees of two hospitals in Warren, Ohio, got an email informing them they were suspending hospital admissions following a sudden rise in costs precipitated by a Houston bankruptcy court ruling.
Victoria gauges third party interest in potential drop-down deal

Sep 25, 2024 | 9fin.com | Rachel Butt |Teri Buhl |Will Macadam |Laura Thompson

Victoria PLC has been sounding out interest from new investors on a potential financing deal that would involve putting some assets out of reach of existing creditors, according to 9fin sources. The carpet and tiles company is seeking to raise roughly £185m of new money through a drop-down deal, in which it would move certain UK flooring assets with around £25m of EBITDA to an unrestricted subsidiary, sources said. Often referred to as “pulling a J.
TalkTalk to retranche £1bn senior debt into 1L & 2L with margin uplift

Sep 3, 2024 | 9fin.com | Bianca Boorer |Teri Buhl

News and AnalysisBianca Boorer+Teri Buhl3 September 2024•5 min readUK telecom’s provider TalkTalk is looking to retranche its £1bn of senior secured debt into new first lien (1L) and second lien (2L) bonds and loans, sources told 9fin. A person familiar with the situation described it as a great deal, given the significant increase in the coupon compared with the outstanding bonds, and the much tighter documentation.
Sound Point pays penalty over CLO trades linked to handling of non-public information

Aug 26, 2024 | 9fin.com | Michelle D'souza |Teri Buhl

News and Analysis Michelle D'Souza +Teri Buhl 27 August 2024•5 min read Sound Point Capital Management has agreed to pay a $1.8m civil penalty as it settled charges with the US Securities & Exchange Commission, over “failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material non-public information,” while trading CLOs. Sound Point, like many in the CLO industry, both manages and invests in CLOs. According to 9fin’s Q2 2024...
High Times Assets Slated for Receivership Auction

May 14, 2024 | news.crbmonitor.com | Teri Buhl

A third-party credit lender has taken control of High Times assets that include several California dispensaries, two brand name trademarks, a cannabis product manufacturing and distribution center, a cannabis cultivation property with a 300-light grow, and the web domain 420.com. The action took place in April, shortly after the company shuttered several California dispensaries without notice, leaving employees unpaid and several licenses poised to expire or be surrendered.
Distressed High Times Suddenly Closes California Dispensaries

Apr 3, 2024 | news.crbmonitor.com | Teri Buhl

High Times Holding Co., the publisher of the eponymous recreational drug magazine and media brands, has suddenly shut down at least three of its branded revenue-generating dispensaries in California. Cannabis operations in Blythe, San Bernardino and Coalinga are permanently closed as of March 25. The closures come after months of failing to pay taxes, rent and health insurance premiums, according to dispensary employees and communications seen by CRB Monitor.
Cannabis ‘cash management’ firm accused of stealing millions, flouting money laundering rules

Mar 11, 2024 | news.crbmonitor.com | Teri Buhl

The non-payment of a secured $35 million credit agreement between rap artist Snoop Dog’s cannabis venture capital firm, Casa Verde Capital, and a Santa Barbara-based cash management firm for cannabis companies known as El Capitan Advisors, has led to litigation in California state court that alleges the firm engaged in a sophisticated money laundering scheme using its cannabis business clients’ cash deposits.
Bitwise Industries was supposed to change the world; its founders lost the plot

Nov 21, 2023 | thedig.substack.com | Teri Buhl

Editors Note: This is a guest article from Teri Buhl, a veteran investigative journalist I have known a very long time who has reported for major newspapers to independent online news publications. Teri has covered the world of high and low finance around the world.