|
Home Status Updates Motion Materials Court Orders Reports US Chapter 15 Proceedings Other Documents & Notices Frequently Asked Questions Service List |
The Cannabist Company - Court Orders
The following Court Orders have been granted in the proceedings:
 Endorsement of Justice Dietrich |
May 25, 2026 |
| This endorsement of the Honourable Justice J. Dietrich was issued on May 25, 2026, regarding the relief sought by the Applicants. | |
| Order |
May 25, 2026 |
|
The order sought approves, amongst other things, certain payments including: (a) authorizing and directing Odyssey Trust Company (the "Escrow Agent") to make certain payments from the net cash proceeds from the Sale Transactions to pay Priority Payables and release remaining funds to the Applicants and the Indenture Trustee to redeem and satisfy Senior Notes; (b) permitting the Applicants to make payments to the Indenture Trustee from time to time to redeem and satisfy Senior Notes, provided that the aggregate unrestricted cash balance of the CC Group (excluding certain entities) exceeds $30 million or such lower amount as may be agreed from time to time by the Requisite Supporting Noteholders and the Applicants (the "Excess Cash Threshold"); and (c) directing the Indenture Trustee to pay the Applicants any amounts that otherwise would be received directly or indirectly by Murchinson Ltd ., BPY Limited and Nomis Bay Ltd. (collectively, "Murchinson") until the costs orders of this Court and the Ontario Court of Appeal are paid in full, including post-judgment interest. | |
| Order (Stay Extension and Approval of Monitor's Reports and Fees) |
May 25, 2026 |
|
The order sought approves, amongst other things: (a) extending the Stay Period from May 29, 2026, until and including September 30, 2026; (b) the Pre-Filing Report of the Proposed Monitor dated March 24, 2026, the First Report of the Monitor dated March 31, 2026, the Second Report of the Monitor dated April 10, 2026, and the Third Report of the Monitor dated May 19, 2026 (collectively, the "Reports") and the activities of the Monitor referred to therein; and (c) the fees of the Monitor and its counsel as set out in affidavits attached to the Third Report. | |
| Endorsement of Justice Dietrich |
April 15, 2026 |
| This endorsement of the Honourable Justice J. Dietrich was issued on April 15, 2026, regarding the relief sought by the Applicants in the form of the Ohio Sale Approval Order, Delaware Sale Approval Order and Ancillary Order. | |
| Ancillary Order |
April 15, 2026 |
|
The Ancillary Order addresses the release of certain third parties in connection with: (a) the sale of the Purchased Equity (as defined in the Equity Purchase Agreement) to Holistic Industries Inc. (the "Ohio Buyer") and; (b) the sale of the Purchased Assets (as defined in the Asset Purchase Agreement) to Parma Holdco LLC (the "Delaware Buyer") | |
| Delaware Sale Approval Order |
April 15, 2026 |
| This Order approves the sale transaction (the "Transaction") contemplated by an asset purchase agreement between the Parent Company and Columbia Care Delaware LLC (the "Company", and together with the Parent Company, the "Sellers"), and Parma Holdco LLC (the "Buyer"). | |
| Ohio Sale Approval Order |
April 15, 2026 |
|
This Order approves: (a) the sale transaction (the "Transaction") contemplated by the equity purchase agreement between the Parent Company, Columbia Care LLC ("Columbia Care") and Green Leaf Medical of Ohio III, LLC (collectively, the "Sellers"), as sellers, and Holistic Industries Inc. (the "Buyer") and; (b) approving and authorizing, as integral to and in furtherance of the Transaction, the pre-closing restructuring steps contemplated by the Purchase Agreement. | |
| Endorsement of Justice Dietrich |
April 2, 2026 |
| This endorsement of the Honourable Justice J. Dietrich was issued on April 2, 2026, regarding the relief sought by the Applicants in the form of the Amended and Restated Initial Order. | |
| Amended and Restated Initial Order |
April 2, 2026 |
| The Amended and Restated Initial Order ("ARIO") provides certain relief that includes, inter alia, extending the stay of proceedings until and including May 29, 2026. | |
| Endorsement of Justice Dietrich |
March 24, 2026 |
| This endorsement of the Honourable Justice J. Dietrich was issued on March 24, 2026, regarding the relief sought by the Applicants in the form of the Initial Order. | |
|
Initial Order Certified Initial Order |
March 24, 2026 |
|
The Initial Order providers certain relief, inter alia, a stay of proceedings against the CC Group up to and including April 2, 2026. | |
|
Contact FTI FTI Consulting Useful Links FTI ConsultingOffice of the Superintendent of Bankruptcy Canada |