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.

NOTICE

Please be advised that the matter raised by Final Bell Holdings International Ltd. initially scheduled to be heard by Justice Osborne on April 22 and April 23, 2024 has been adjourned until a later date. The trial has not yet been rescheduled. Any updates will be posted here once available.

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