CFFI Ventures Inc. - Sale and Investment Solicitation Process
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On June 30, 2026, the Court granted an order (the "Sale Process Order") authorizing CFFI to undertake a sale process, (the "Sale Process") to solicit offers or proposals for a sale transaction in respect of CFFI's assets (the "Property") and business operations (the "Business") to be conducted by the Financial Advisor, under the oversight of the Monitor, in the manner set forth in the Sales Procedures (the "Sale Procedures").
In accordance with the Sale Process, if no notices of intent to bid that reflect a reasonably likely prospect of culminating in a "Qualified Bid" (i.e., an "NOI" as defined in the Sale Process) were received by the Monitor on or before 11:59 p.m. (Atlantic Time) on July 21, 2026, then, amongst other things, the Sale Process could be terminated by the Monitor and FTI Capital Advisors - Canada ULC (the "Sale Advisor"), in consultation with certain parties (the "Sale Process Consultation Parties").
No NOIs were received by the applicable deadline and, following consultation with the Sale Process Consultation Parties, the Sale Process has been terminated by the Monitor and the Sale Advisor.
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Sale Process Order
Sale Procedures
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June 30, 2026 |
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SISP Important Dates & Milestones
| Milestone Events* |
Timing |
| Deadline to submit a non-binding Notice of Intent |
July 21, 2026 |
| Deadline to submit a binding Qualified Bid |
August 11, 2026 |
| Auction, if necessary |
Week of August 17, 2026 |
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*All capitalized terms are as defined in the SISP.
Note: Interested parties should contact cffi@fticonsulting.com
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