Ontario · CCAA
Third Report of the Monitor
Court officer report · 21 May 2023
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What we verified from this filing4 verified
- closing confirmedscope: substantially all of the Applicants' Jamaican assets and property · outcome: completed · effective: 2023-05-15 · date basis: stated · approval order date: 2023-05-02
- process resultsbids: 9 · note: SISP yielded nine Bids by the Bid Deadline; eight were Sale Proposals for a portion of the Company's Property and one was an Investment Proposal; eight of nine designated Qualified Bids · as of: 2023-04-24 · qualified bids: 8
- purchaserCanadian Centre for Psychedelic Healing Sault Ste. Marie Inc.; Stella MSO LLC; price: sealed: false · scope: substantially all of the Applicants' Jamaican assets and property · status: closed · name note: purchaser of the Jamaican assets, unnamed · structure: assets · name source: operative · relationship: unstated; price: note: nominal amount · basis: nominal · sealed: false · scope: the lease and certain equipment at the Company's health clinic located in Fredericton, New Brunswick · status: proposed · name note: third party assignee of Fredericton lease, unnamed · structure: assets · name source: operative · relationship: unstated
- sale outcometext: SISP process concluded with Jamaica Transaction closed and CCFPH/Stella Transactions pending approval · scope: whole_business · status: pending_approval