Custom Cannabis Inc., Bankruptcy
Custom Cannabis Inc., a Calgary, Alberta-based cannabis company, was adjudged bankrupt on August 31, 2023, on application by Connect First Credit Union Ltd. Connect First is owed over $12 million, approximately $6.7 million of which is owed on a secured basis and over $5.3 million of which is owed on an unsecured basis. EY is the Bankruptcy Trustee. Torys is counsel for Connect First and Carscallen is counsel for the company.
By: Dina Milivojevic