BZAM Ltd.

On February 28, 2024, BZAM Ltd., BZAM Holdings Inc., BZAM Management Inc., BZAM Cannabis Corp., Folium Life Science Inc., 102172093 Saskatchewan Ltd., The Green Organic Dutchman Ltd., Medican Organic Inc., High Road Holding Corp., and Final Bell Corp. (together, the "Applicants") sought and obtained an order (as amended from time to time, the ("Initial Order")) from the Ontario Superior Court of Justice (Commercial List) (the "Court") under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA"). The Initial Order provides, among other things, a stay of proceedings until and including March 8, 2024 (the "Stay Period") which may be extended by the Court from time to time. Pursuant to the Initial Order, FTI Consulting Canada Inc. has been appointed as monitor (the "Monitor").

On March 8, 2024, the Applicants obtained an amended and restated initial order (the "ARIO") from the Court extending the period of the Court-ordered stay of proceedings against the Applicants under the CCAA until and including May 25, 2024.

On March 8, 2024, the Applicants obtained an order from the Court approving the Sale and Investment Solicitation Process (the "SISP"). Please refer to the Sale and Investment Solicitation Process section of this website for additional information regarding the SISP.

On December 13, 2024, in accordance with the Approval and Vesting Order granted on October 15, 2024, BZAM Management Inc. ceased to be an applicant in the CCAA proceedings and BZAM Management Inc.'s right, title and interest in and to the Excluded Liabilities and Excluded Assets were transferred and vested to and in 1001028579 Ontario Inc., which was added as an applicant to the CCAA Proceedings.

On January 13, 2025, the Applicants obtained an Order from the Court extending the period of the Court-ordered stay of proceedings against the Applicants under the CCAA until and including March 31, 2025.

Further details relating to this matter may be accessed by using the menu to the left, or contacting the Monitor using the information below:

Phone: 416-649-8065
Toll Free: 1-833-446-7441
Email: bzam@fticonsulting.com