Sproutly Inc. and its wholly-owned subsidiary, Toronto Herbal Remedies Inc.

Sproutly Inc. and its wholly-owned subsidiary, Toronto Herbal Remedies Inc., an Ontario-based cannabis company, obtained an initial order under the CCAA on June 24. Sproutly Inc. is a wholly-owned subsidiary of Sproutly Canada Inc., a publicly traded corporation on the Canadian National Stock Exchange that is not an applicant in the CCAA proceedings. Sproutly Inc. does not directly hold any tangible assets, but wholly owns Toronto Herbal Remedies Inc. (“THR”), the other applicant in the CCAA proceedings. THR was the operating entity and holds the applicants’ primary assets, including the Health Canada cannabis licence. The applicants have incurred significant losses to date and had a reduction of sales in 2021 and nominal sales in 2022, which is attributed to Sproutly Canada Inc. exiting the flower cultivation business and shifting its resources to research and development. BDO was appointed monitor. Counsel is TGF for the applicants, Affleck Greene McMurtry for the monitor and Loopstra Nixon for 0982244 B.C. Ltd. o/a as Isle of Mann Property Group. By Dina Milivojevic

Zenabis Global Inc. & al. (the “Zenabis Group”)

Zenabis Global Inc. & al. (the "Zenabis Group"), a medical and recreational cannabis cultivator which up until recently licensed approximately 1 million square feet of cultivation space in Atholville, New Brunswick, Stellarton, Nova Scotia, and Langley, British Columbia, obtained CCAA protection on June 17. The Zenabis Group was previously a publicly traded company on the TSX. On June 1, 2021, the Zenabis Group was acquired by Hexo Corp., which has been supporting the Zenabis Group's financial losses and providing operational and other support since that time. The Zenabis Group has consistently produced negative cash flows due to a variety of factors, including market pressures caused by the fragmentation of the overall cannabis industry and the resulting downwards pressure on margins and general operational and financial underperformance by the group. These factors were compounded by the financial pressures resulting from the group's obligations to its creditors, including its first ranking secured creditor, 2657408 Ontario Inc. The restructuring plan of the group will involve, among other things, the monetization of the current cannabis inventory of the Zenabis Group and the implementation of a SISP for the Atholville and Stellarton facilities. EY was appointed monitor. Counsel is Norton Rose for the Zenabis Group, Osler for the monitor and McCarthy Tétrault for the senior secured creditor. By Dina Milivojevic

MJardin Group, Inc. (“MJar”), Growforce Holdings Inc., 8586985 Canada Corporation and Highgrade MMJ Corporation

MJardin Group, Inc. ("MJar"), Growforce Holdings Inc., 8586985 Canada Corporation and Highgrade MMJ Corporation, whose business represents the Ontario cannabis cultivation and processing activities of the larger MJardin Group, obtained an initial order under the CCAA on June 2, on application by PwC as the receiver of Bridging Finance (the "Bridging Receiver"). On March 23, the Bridging Receiver sought and obtained a receivership order appointing KSV as the receiver of MJar (excluding cannabis-related assets, such as permits and licences). Following a review of the available options to restructure and/or refinance the MJardin Group, the Bridging Receiver initiated the CCAA proceedings, which it believes provide the most appropriate forum to implement an operational restructuring of the companies’ business and ultimately a restructuring transaction that will preserve and maximize value for the benefit of stakeholders. KSV was appointed monitor. Counsel is TGF for the companies; Goodmans for the monitor; and Bennett Jones for Howards Capital Corp. as CRO. By Dina Milivojevic

2706405 Ontario Inc. o/a Dimes Cannabis (“Dimes”), Cannoe Corp. (“Canoe”) and CC Operations ON Corp. (“CC Ops”)

2706405 Ontario Inc. o/a Dimes Cannabis ("Dimes"), Cannoe Corp. ("Canoe") and CC Operations ON Corp. ("CC Ops"), a group of Toronto, Ontario-based cannabis companies, each filed an assignment in bankruptcy on May 2. The group is controlled by its ultimate parent company, Superette Inc. ("Superette"). Superette acquired Cannoe just after Cannoe acquired Dimes in February 2022. Since the acquisition, both the CC Ops and Dimes businesses have experienced a decline in revenue and significant losses. Despite efforts and financial support from Superette to affect an operational turnaround, the businesses continued to experience losses primarily due to lower than expected sales volume as a result of operating in highly saturated markets and significant lease and operating expenses. PwC is the bankruptcy trustee. By Dina Milivojevic

Choom Holdings Inc. (“Holdings”), Choom BC Retail Holdings Inc., Phivida Holdings Inc., 2151414 Alberta Ltd. and 2688412 Ontario Inc. (collectively, “Choom”)

Choom Holdings Inc. ("Holdings"), Choom BC Retail Holdings Inc., Phivida Holdings Inc., 2151414 Alberta Ltd. and 2688412 Ontario Inc. (collectively, "Choom"), a group of Vancouver, British Columbia-based cannabis companies, obtained protection under the CCAA on April 22. Holdings is the overall corporate parent of the group. It is a public entity listed on the Canadian Securities Exchange under the ticker symbol “CHOO”. As of the CCAA filing date, Choom operated 17 retail locations in Canada - two in British Columbia, twelve in Alberta and three in Ontario. Cannabis retail operations in Canada have endured a challenging business climate as a result of the industry being in its infancy and there being an oversaturation of cannabis retail operations in certain markets, particularly Alberta. Additionally, Choom has been negatively affected by the impacts of the COVID-19 pandemic. Retail store closures, physical distancing requirements and lower retail “foot traffic” resulted in lower sales than otherwise anticipated. EY was appointed monitor. Counsel is Dentons for Choom; DLA Piper for the monitor; McCarthy Tétrault for Aurora Cannabis; Fric, Lowenstein & Co. for a creditor; and Clark Wilson for the board of directors of Choom. By Dina Milivojevic

Eve & Co Incorporated, Natural Medco Ltd. and Eve & Co International Holdings Ltd.

Eve & Co Incorporated, Natural Medco Ltd. and Eve & Co International Holdings Ltd., Strathroy, Ontario-based cannabis companies, were granted CCAA protection on March 25. Natural Medco Ltd. ("NMC") owns approximately 32 acres of land in Strathroy, Ontario, on which the Eve Group operates one of the largest cannabis cultivation and processing facilities in the world at 1,000,000 square feet (“Facility”). While NMC is licensed to cultivate and sell to other licensed cannabis producers cannabis for medicinal use, it is still not licensed to sell medicinal cannabis directly to patients in Canada. In anticipation of significant increases in sales volumes, including on account of anticipated supply agreements being negotiated with foreign importers of medicinal cannabis, the Eve Group undertook a 780,000 square foot expansion of the Facility in mid-2018 at a cost of $42 million. However, as a result of numerous external factors, the Eve Group’s utilization of the expanded, 1,000,000 square foot Facility has never been above 20% - a level of production that does not cover the debt service costs of the expansion. In addition, the companies' counterparties under the supply agreements failed to meet their minimum order obligations under the agreements. A sale process was approved on April 1. BDO was appointed monitor. Counsel is Miller Thomson for the companies, TGF for BDO as monitor, Harrison Pensa for RBC. and Aird & Berlis for DIP lender Deans Knight. By Dina Milivojevic

MJardin Group, Inc. (CNSX: MJAR) (“MJar”)

MJardin Group, Inc. (CNSX: MJAR) ("MJar"), a Toronto, Ontario-based cannabis company, had a receiver appointed over its assets (other than its cannabis assets) on March 23, on application by PwC as the receiver of Bridging Income Fund. MJar has two groups of subsidiaries. One group of subsidiaries is based out of the US and provides professional management operational and cultivation services in Canada and the US. The other group of subsidiaries is based out of Canada and is engaged in the cultivation and sale of cannabis products in Canada. In November 2017 and April 2018, Bridging advanced funds to MJar and certain of its subsidiaries. As at March 22 the total amount of the Indebtedness is $178,114,147. MJar and its subsidiaries have defaulted on various provisions of the credit facilities, including by failing to repay the indebtedness on the maturity date of April 23, 2021. PwC as the receiver of Bridging agreed to waive the defaults to allow MJar and its subsidiaries to undertake SISPs in Canada and the US. However, the SISPs failed to generate any viable offers for the MJar business despite several months of marketing efforts. KSV was appointed receiver. Counsel is TGF for PwC as the receiver of Bridging and Goodmans for KSV as the receiver of MJar. By Dina Milivojevic

Cura-Can Health Corp. and its wholly-owned subsidiary, The Clinic Network Canada Inc.

Cura-Can Health Corp. and its wholly-owned subsidiary, The Clinic Network Canada Inc., were placed in receivership on February 7 on application by Avonlea-Drewery Holdings Inc., owed approximately $16.4 million. The companies hold investments in medical cannabis clinics operating in Alberta, Saskatchewan, Manitoba, and Ontario, and currently have no active operations. KPMG was appointed receiver. Counsel is Dentons for the companies, Aird & Berlis for the applicant and Cassels for the receiver. By Dina Milivojevic

Ayanda Cannabis Corporation

Ayanda Cannabis Corporation, a licensed producer of cannabis products operating from a facility in Norwich, Ontario, filed an NOI on February 4, listing approximately $1.03 million in liabilities, of which $1.02 million is owed to Michael Sioen Farms Ltd. The company intends to seek the approval of the Court to complete a transaction for the sale of its business. Richter is the proposal trustee. Counsel is Miller Thomson for the company and TGF for the proposal trustee. By Dina Milivojevic

BC Craft Supply Co. Ltd.

BC Craft Supply Co. Ltd., a Vancouver, British Columbia-based cannabis company, filed an NOI on January 24, listing approximately $8.6 million in liabilities, including approximately $3.4 million to MMCAP International. For the nine months ended June 30, the company reported a loss of approximately $1.9 million and revenue of approximately $636,000, with approximately $84,000 of cash on hand. The purpose of the filing is to allow the company to restructure its debt. Crowe MacKay is the proposal trustee. Counsel is Whitelaw Twining Law Corporation for the company. By Dina Milivojevic