Noble Growth obtains CCAA protection amid liquidity crunch

Noble Growth Alberta Limited Partnership and Noble Growth Corp., Alberta-based cannabis companies, obtained protection under the Companies’ Creditors Arrangement Act on April 14, 2026.

Noble Growth operates a licensed cannabis cultivation, processing, distribution, and sales business, including domestic supply to provincial distributors and medical cannabis exports. The business operates from a leased facility in Drayton Valley, Alberta.

Noble Growth sought creditor protection after defaulting on material agreements with Health Canada, Purolator Inc., and its landlord, Twin West Ventures Inc., and becoming unable to meet monthly repayment obligations for its excise tax arrears, putting it in immediate risk of not having its excise and cannabis licenses renewed.

Noble Growth owes approximately $9.5 million to various secured creditors (largely owed to chief executive Scott Huska and his business partners, rather than traditional institutional lenders), nearly $1 million to various individuals pursuant to unsecured loans and debentureholders, $800,000 to trade creditors, $140,500 in excise taxes, $880,500 in source deductions, and approximately $1.824 million to its landlord, among other debts.

The CCAA filing is intended to preserve licenses, stabilize operations, and create time to assess restructuring options and conduct a SISP. Freedom Cannabis Inc. is providing a DIP loan.

EY is the monitor. Counsel is Sharek Logan & van Leenen for Noble Growth, MLT Aikins for the monitor, and McLennan Ross for the DIP lender.