Smart Nora Inc., Bankruptcy

Smart Nora Inc., a Toronto, Ontario-based technology company, filed an assignment in bankruptcy on July 11 listing $4.4 million in liabilities. 

Smart Nora is a sleep tech company which produced a device to help reduce snoring.

The company said it was in the process of raising capital when “the sharp and unexpected increase in tariffs” negatively affected investor sentiment and created a funding gap that the company couldn’t bridge in time.

Rosen Goldberg is the bankruptcy trustee.