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FIGR Brands, Inc.

On January 21, 2021 FIGR Brands, Inc., Canada's Island Garden Inc., and FIGR Norfolk Inc. (together, the "Applicants") sought and obtained an order (as amended from time to time, the ("Initial Order")) from the Ontario Superior Court of Justice (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 January 29, 2021 (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 June 10, 2021, the Court granted an order (the "CIG Approval and Vesting Order") which provide that on closing of the transaction contemplated by that order, Canada's Island Garden Inc., would cease to be an Applicant in these CCAA Proceedings and 1307849 B.C. Ltd. ("Residual Co.") would be added as an Applicant to these CCAA Proceedings. On June 28, 2021, the transaction contemplated by the CIG Approval and Vesting Order closed such that all references in any Order of this Court in respect of these CCAA Proceedings to an "Applicant" or the "Applicants" shall refer to and include Residual Co. and not Canada's Island Garden Inc.

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: 1-416-649-8128
Toll Free: 1-844-669-6345
Fax: 416-649-8101

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