Sirona Pharma Inc. - Notice of Initial Order under the Companies’ Creditors Arrangement Act

In the Matter of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”) 

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF SIRONA PHARMA INC., SUNERA ACREAGE HOLDINGS INC., ACREAGE DEVELOPMENT CORP. and SIRONA FARMS INC.

(“the Companies”) 

On November 21, 2025, the Companies were granted an Order (the “Initial Order”) by the Alberta Court of King’s Bench (the “Court”) and obtained creditor protection under the Companies’ Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended (the “CCAA”).  

The Initial Order granted the Companies various relief, including but not limited to, imposing a stay of proceedings against the Companies and their assets, appointing Ernst and Young Inc. as Monitor (the “Monitor”), and providing the Companies an opportunity to prepare and file a plan of arrangement or compromise under the CCAA for consideration by its creditors and other stakeholders.  Under the Initial Order, the Companies are to continue to carry on business in a manner consistent with the commercially reasonable preservation of their respective business and assets. 

A copy of the Initial Order granted can be found on the Monitor’s website at www.ey.com/ca/sirona.  Further materials, orders of the Court, creditor listings, Monitor’s reports and other information relating to the Companies’ CCAA proceedings will be posted to the Monitor’s website as well. 

If you are unable to obtain a copy of the Initial Order or other documents filed on the Monitor’s website as they become available, please contact [email protected] and a copy of the requested documents will be provided to you.