Diteba Laboratories Inc., NOI

Diteba Laboratories Inc., a Mississauga, Ontario-based cannabis company, filed an NOI on March 2, listing approximately $15.1 million in liabilities, including approximately $8.2 owed to CRA.

In 2023, the company underwent a court-approved SISP which resulted in the sale of its scientific contract research business, leaving just its regulated white label cannabis processing and distribution business.

The company cites challenges in the Canadian cannabis regulatory regime, including the resistance of the provincial regulators and consumers to new and innovative cannabis products, as contributing to its financial difficulties. In addition, the Canadian cannabis regulatory regime and the persistence of black-market activity have created significant headwinds for the entire Canadian cannabis industry, including Diteba.

Crowe Soberman is the proposal trustee.

Counsel is Blaneys for the company.

By: Dina Milivojevic