British Columbia · Proposal
Supplemental Sixth Report - True Leaf Brands
Court officer report · 24 November 2020
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What we verified from this filing6 verified
- closing confirmedscope: shares of TLI owned by TLB · outcome: completed · effective: 2020-11-16 · purchaser: 1263815 B.C. Ltd. (InvestorCo or its nominee) · date basis: stated · approval order date: 2020-11-06
- purchaser1263815 B.C. Ltd.; InvestorCo
- recovery outcomeentries: basis: plan · quote: The Proposal will provide for the sum of $85,000 to be distributed to the Unsecured Creditors (the ' Funds for Distribution '). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 85000 · amount high: 85000 · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The liquidation and sale of the Company's assets upon bankruptcy will result in no distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: If the Proposal is not accepted by the Unsecured Creditors, the Company will be deemed bankrupt · claims qualifier: unstated · stated on: 2020-11-24 · table missing:
- report date24 November 2020
- report noSupplemental Sixth Report
- sale outcometext: The Transactions, including the sale of TLI shares to a nominee of InvestorCo, closed on November 16, 2020. · scope: parcel · status: closed