British Columbia · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 29 April 2020
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What we verified from this filing10 verified
- closing confirmedscope: the Transaction · outcome: completed · effective: 2020-01-21 · purchaser: Eaze Technologies, Inc. · date basis: stated · approval order date: 2020-01-16
- disbursementssince: October 29, 2019 · amount: 4970430.19 · currency: USD
- operational summaryThe Transaction closed in January 2020, and the Receiver continues to market unsold assets (Holds House Brands, Chill technology, and shares in Herban Oregon) while working toward completing the receivership, including selling remaining assets and making a final distribution to SP1.
- process resultsbids: 3 · note: Three offers received prior to the Bid Deadline, including an offer submitted by the Purchaser.
- professional feesnote: Of this, $760,488.82 (Receiver's fees) and $164,946.69 ($216,720.08 CAD) (counsel's fees) were approved by the Court in the First Fee Approval Order. · party: the Receiver and its legal counsel · amount: 1424162.48 · period: October 29, 2019 through April 24, 2020 · currency: USD
- purchaserEaze Technologies, Inc.
- receipts cumulativesince: October 29, 2019 · amount: 5006171.11 · currency: USD
- report date29 April 2020
- report noThird Report
- sale outcometext: The Transaction closed on January 21, 2020. · scope: whole_business · status: closed