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Fire & Flower

On June 5, 2023, Fire & Flower Holdings Corp., Fire & Flower Inc., 13318184 Canada Inc., 11180703 Canada Inc., 10926671 Canada Ltd., Friendly Stranger Holdings Corp., Pineapple Express Delivery Inc., and Hifyre Inc. (together, the "Applicants" or "Fire & Flower") 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 (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 15, 2023, 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 September 1, 2023. On June 21, 2023, the Applicants obtained an order from the Court approving the Sale and Investment Solicitation Process (the "SISP").

On August 29, 2023, the Court granted an order (the "Approval and Reverse Vesting Order"), which provided that on closing of the transaction contemplated by that order, Fire & Flower Holdings Corp., Fire & Flower Inc., 13318184 Canada Inc., 11180703 Canada Inc., 10926671 Canada Ltd., Friendly Stranger Holdings Corp., Pineapple Express Delivery Inc., and Hifyre Inc. shall cease to be Applicants in these CCAA Proceedings and 15315441 Canada Inc. ("Residual Co.") shall be added as an Applicant to these CCAA Proceedings.

On August 29, 2023, the Court granted an order (the "Approval and Reverse Vesting Order"), which provided that on closing of the transaction contemplated by that order, Fire & Flower Holdings Corp., Fire & Flower Inc., 13318184 Canada Inc., 11180703 Canada Inc., 10926671 Canada Ltd., Friendly Stranger Holdings Corp., Pineapple Express Delivery Inc., and Hifyre Inc. shall cease to be Applicants in these CCAA Proceedings and 15315441 Canada Inc. ("Residual Co.") shall be added as an Applicant to these CCAA Proceedings.

On August 29, 2023, the Court granted an order (the "Claims Procedure Order"). The Claims Procedure Order commences a claims procedure (the "Claims Procedure") for the purpose of identifying and determining all Claims against the Applicants and their respective Directors and Officers. Please refer to the Claims Procedure section of this website for additional information regarding the Claims Procedure.

On September 15, 2023, the Monitor delivered the Monitor's Closing Certificate to Fire & Flower and FIKA substantially in the form attached as Schedule "A" to the Approval and Reverse Vesting Order. Please refer to the Reports section for a copy of the Monitor's Closing Certificate. The remaining Applicant in these CCAA Proceedings is Residual Co., which holds all Excluded Assets and Excluded Liabilities of Fire & Flower, as defined in sections 2.2 and 2.4 of the Subscription Agreement, respectively.

On October 25, 2023, the Court granted an order (the "Stay Extension, Distribution, and Fees Approval Order"), which, among other things, approved a distribution to 2707031 Ontario Inc. ("ACT").

On February 1, 2024, the Court granted an order, which extended the Stay Period until and including April 15, 2024.

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: 1-416-649-8129
Toll Free: 1-833-981-8009
Email:fireandflower@fticonsulting.com

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