September 7, 2022
Medisun Inc. (“Medisun” or the “company”) is a licensed cannabis producer located in southwestern Ontario. With 13 acres of greenhouse grow area, Medisun has become one of Canada’s top licensed cannabis cultivators. On September 7, 2022, Medisun filed an NOI, listing approximately $48 million in liabilities of which $13.8 million is owed to the senior secured creditor and parent company, Cannim Group Ptl Ltd. The company is working on a restructuring plan during the NOI period. Counsel to the Company is Baker McKenzie. Grant Thornton is the proposal trustee and its counsel is WeirFoulds.
By Dina Milivojevic