Ontario · CCAA
Approval and Reverse Vesting Order
Reverse vesting order · 28 April 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing9 verified
- closing termsClosing occurs on delivery of the Monitor's Closing Certificate; steps occur in sequence from the day prior to the Closing Date through 12:20 a.m. on the Closing Date, with the Purchase Price and Cure Costs paid to the Monitor in trust
- counselBennett Jones LLP
- order date28 April 2026
- presiding officerJustice Kimmel
- purchaserEmblem Cannabis Corporation; Auxly Cannabis Group Inc.
- residualcoAyurcann Holding Corp.
- sale outcometext: The Court approved the Emblem Cannabis share purchase agreement through an approval and reverse vesting order, with the Auxly back-up agreement approved only if the Emblem transactions do not close · scope: whole_business · status: approved
- sealed itemsSchedule 'I' to the Agreement, sealed until the earlier of 30 days after the Closing Time or further Order
- stalking horseAuxly Cannabis Group Inc.