Freshstone Brands Inc.

Freshstone Brands Inc. is in active CCAA proceedings in Ontario, commenced June 9, 2026, a month after the closing of the Kitchen Partners Transaction on May 8, 2026. Proceeds of that sale funded the Payout, repaying in full the CIBC Extinguished Credit Agreement, under which the term loan stood at $37,136,513 as at December 28, 2024. That facility was therefore not outstanding at filing. The sole secured creditor named in the service list is Frank Burdzy, Freshstone's CEO, director and an investor, holding a general security agreement dated October 28, 2025, amended and restated effective May 8, 2026, securing promissory notes with principal components of $1.15 million at 20% per annum, $2 million plus a $2 million New Money Fee, $2 million at 25% and $2.75 million at 5%, all maturing on the earlier of board-approved prepayment or December 31, 2027. Royal Bank of Canada's leasing division is listed under equipment financing. On internal book-value figures as at April 25, 2026, assets were $81,798,242 and liabilities $80,376,951; post-transaction, the Debtor states assets of approximately $60,000,000 and liabilities of approximately $50,000,000, both subject to further reconciliation.