← Back to filings

Freedom Cannabis Inc.

CCAA AB OSB

[*] Summary

Freedom Cannabis Inc., a cannabis company, is currently undergoing restructuring under the Companies' Creditors Arrangement Act (CCAA), having received creditor protection on August 8, 2024. A key development includes the Alberta court confirming the CCAA's ability to release directors from excise tax liability, as the company navigates a sales process and addresses significant tax liabilities and a lease dispute. KPMG INC. serves as the Monitor in this proceeding.

[*] Official Documents

Monitor reports, creditor materials, and court filings from KPMG INC.

[VIEW DOCUMENTS ON KPMG INC.]

[*] Case Timeline

2024-08-08
Initial Order
CCAA proceedings commenced
Restructuring Period
Monitor oversight, creditor negotiations, court filings
Resolution
Plan approval, asset sale, or liquidation

[*] Filing Details

Initial Order Date
2024-08-08
Province
Alberta [Court]
Industry
Cannabis
Monitor/Trustee
KPMG INC.
Contact
PATEL, PRITESH
Phone
416-777-8500
Source Link
[View Source]

[+] Related News

[*] Court Documents

50 documents