Ontario · CCAA
Trustee's Preliminary Report.pdf
Court officer report · 5 June 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- closing confirmedscope: the Purchased Assets (Beleave Kannabis Corp. assets and 9334416 Canada Inc. o/a Medigreen and My-Grow) · outcome: completed · date basis: unstated
- purchaserprice: note: sale value not disclosed; includes a profit sharing/earn-out provision · sealed: false · scope: the acquisition of the Beleave Kannabis Corp. assets and the 9334416 Canada Inc. o/a Medigreen and MyGrow privately held subsidiary (the ' Purchased Assets ') · status: closed · name note: unnamed purchaser of the Beleave Kannabis Corp. assets and 9334416 Canada Inc. o/a Medigreen and My-Grow, referred to as the Purchased Assets · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: The total funds available for distribution to the remaining creditors cannot be determined at this time as any potential recovery is subject to the Earn-Out provision. · pct of: unstated · outcome: undetermined · stated by: trustee · class label: remaining creditors · interim final: unstated · conditional on: any potential recovery is subject to the Earn-Out provision · claims qualifier: unstated · stated on: 2021-02-05 · table missing:
- sale outcometext: The primary sale included the acquisition of the Beleave Kannabis Corp. assets and the 9334416 Canada Inc. o/a Medigreen and MyGrow privately held subsidiary, and the sale value obtained was not sufficient to cover all of the Beleave Group's operations · scope: whole_business · status: closed