New Día dispensary fights receivership request
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A lender asked a Suffolk Superior Court judge to place New Día cannabis retailer into receivership, claiming it has racked up millions in debt.
- New Día disputes the claims and is fighting the lender's request that the court appoint someone to take over the company and its assets.
Why it matters: The cannabis seller, which has a dispensary next to Fenway Park, is the latest in the Boston area running into financial troubles, according to court records.
Catch up quick: New Día opened in Worcester in 2021 as the city's first equity cannabis business.
- The business opened a second location in Fenway in 2022.
Driving the news: The New Jersey-based lender, EMES Equities and EMES New Día, filed the request last week, claiming New Día is in default of over $8 million.
- New Día disputed that EMES proved it was in default and argues that the lender is overstepping by requesting a receivership, per court records.
- EMES also claims the cannabis business owes other entities money, including over $5 million in rent to its landlord, Cask 'N Flagon.
Neither New Día's owner, Ross Bradshaw, nor an attorney representing the business responded to requests seeking comment.
- Attorneys for EMES Equities declined to comment beyond the court filings on Wednesday.
- Cask 'N Flagon did not respond to calls and emails seeking comment on Wednesday.
Context: The receivership dispute comes nearly a year after a Suffolk Superior Court judge ordered New Día to pay Associated Brokerage Group for unpaid commission and fees stemming from its 2022 Fenway lease, per court records.
- The brokerage firm filed a new lawsuit in March claiming New Día still owes $241,000 in unpaid commission, interest and fees. (Attorneys for the firm did not respond to an email seeking comment Wednesday.)
Zoom out: New Día is one of several cannabis businesses statewide and a growing number of equity cannabis businesses facing financial turmoil.
- At least 31 cannabis licenses are in receivership as of April 2026, per the Cannabis Control Commission.
- More than three dozen cannabis businesses have shuttered this year, including Boston's first cannabis retailer, Pure Oasis.
What's next: New Día and EMES Equities are due in court for a hearing on Friday.