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Restructuring and insolvency

GreenSpace Brands Inc., 1052532 B.C. Ltd., Central Roast Inc. and Life Choices Natural Food Corp.

Lane
Restructuring and insolvency
Announced
27 Nov 2023
Province
Ontario
Industry
Agriculture & food
Status
In court
Latest event
Sale process launched
What the filing says
On November 22, 2023, pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (" BIA ") and the CCAA Distribution and Termination Order, the Companies were assigned into bankruptcy and PwC was appointed as licensed insolvency trustee (the " Trustee ") of the bankrupt estates of the Companies by the official receiver, subject to affirmation by the creditors of the Trustee's appointment or substitution of another trustee by the creditors.
Court file number
CV-23-00697516-00CL
Judicial district
Ontario Superior Court of Justice (Commercial list) District of Toronto
Proceeding opened
06 Apr 2023
Credits
PricewaterhouseCoopers Inc. (court officer); PwC (trustee)
priority charge
$150,000 (KERP Charge)“Approving the Amended KERP and approving a corresponding increase to the KERP Charge to $150,000 to reflect the maximum amount payable under the Amended KERP; g.”
stay expiry
2023-09-29“Extending the Stay Period to and including September 29, 2023; b.”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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