THC Biomed Ltd.

THC Biomed Ltd. obtained an initial order under the CCAA on April 21, 2026; the stay of proceedings runs to May 1, 2026. An unaudited, internally prepared balance sheet as at April 13, 2026 shows total assets of $10,674,314.39 and total liabilities of $21,649,382.38. The company's liabilities table puts liabilities at $21,185,639 — $399,600 secured and $20,786,039 unsecured — including $16,454,678 owed to its parent, THC Biomed International Ltd. The Canada Revenue Agency asserts approximately $3.35 million in deemed trust claims for excise duty, source deductions and GST, and has restricted renewal of the company's excise licence, garnished bank accounts and customer receivables, and registered caveats against the Owned Units at 2550 Acland Road, Kelowna. Sharons Credit Union and CNR Investments Inc. hold mortgages over the Owned Units and general security; Vault Credit Corporation is registered against certain fixed assets.