Ontario · CCAA
Third Report of the Monitor
Court officer report · 24 April 2026
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What we verified from this filing5 verified
- purchaserEmblem Cannabis Corporation; Auxly Cannabis Group Inc.
- recovery outcomeentries: basis: estimated · quote: given the results of the Sale Process and the broader industry challenges facing many Canadian cannabis companies, the Monitor believes that the consideration to be received under the Transactions is fair and reasonable and is expected to result in a distribution to unsecured creditors; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorAlvarez & Marsal Canada Inc.
- sale outcometext: The Applicants seek approval of the Purchase Agreement with Emblem and, as a back-up, approval of the Stalking Horse Purchase Agreement · scope: whole_business · status: pending_approval
- stalking horseAuxly Cannabis Group Inc. (4640000)