On November 3, 2022, Cannapiece Group Inc., Cannapiece Corp., Canadian Craft Growers Corp., 2666222 Ontario Ltd., 2580385 Ontario Inc. and 2669673 Ontario Inc. (collectively “Cannapiece” or “debtors”) sought and obtained an initial order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) pursuant to the Companies' Creditors Arrangement Act (the “CCAA”). Pursuant to the Initial Order, BDO Canada Limited, (“BDO”) was appointed as monitor of the Companies (the “Monitor”).
The Monitor has also posted on its website a list showing the names of the Known Creditors and amounts owing according to the books and records of the debtors in accordance with the CCAA.
Court Documents
- Application Record (returnable November 3), dated November 2, 2022
- Monitor's Pre Filing Report, dated November 2, 2022
- Initial Order, dated November 3, 2022
- Newspaper Notice of Initial Order
- Initial Order Endorsement of Justice Penny, dated November 3, 2022
- Factum of the Applicants. dated November 3, 2022
- Service List, dated November 7, 2022
- Motion Record (returnable November 10) dated November 8, 2022
- Factum (returnable November 10) dated November 9, 2022
- Factum of the Responding Party 2726398 Ontario Inc, dated November 9, 2022
- First Report of the Monitor, dated November 9, 2022
- Service List, dated November 14, 2022
- Endorsement re Amended and Restated Initial Order and Sales Process, dated November 14, 2022
- Amended & Restated Initial Order, dated November 10, 2022
- Factum (returnable November 10) dated November 9, 2022
- Initial Order (Amended and Restated), dated November 10, 2022
- Order (SISP, Stalking Horse SPA, and KERP Approval), dated November 10, 2022
- Motion Record - APPLICANTS 31-JAN-2023
- Cannapiece Ancillary Order Feb 10 23 - CV-22-00689631-00CL
- Cannapiece Vesting Order Feb 10 23 - CV-22-00689631-00CL
- Motion Record (returnable March 17), dated March 14, 2023
- CCAA Termination Order (Revised March 17 2023)
- Monitor's Termination Certificate - dated July 21, 2023
Notices
- List of Creditors, dated November 3, 2022
- Notice to Creditors (Initial Order-CCAA), dated November 7 2022
Sale and Investment Solicitation Process
"On November 10, 2022, the Court granted an order (the “Sale Process Approval Order”) which approved, among other things, a sale and investment solicitation process (the “SISP”) and the Stalking Horse Agreement as the Stalking Horse Bid in the SISP.
The SISP is intended to solicit interest in an acquisition or refinancing of the business of the Applicants, or a sale of the assets and/or the business of the Applicants by way of merger, reorganization, recapitalization, primary equity issuance or other similar transaction. The Stalking Horse Bid is intended to provide a degree of certainty in the marketplace for the Applicants, including CPC's customers and its employees, that a going-concern sale of CPC is a viable outcome of the SISP."
Should you have any questions or concerns please contact the Monitor at [email protected]