Stewart's Vertical Farms Inc. - Sale Process

Stewart’s Vertical Farms Inc. (“Stewart Farms” or the “Company”), a wellness-focused cannabis company, filed a notice of intention to make a proposal on June 27, 2025, to provide the Company with the stability necessary to formulate and negotiate a proposal to be presented to its creditors. Grant Thornton Limited was named as the proposal trustee (the “Proposal Trustee”).

Stewart Farms specializes in the cultivation and sale of wellness products, and operates from a centralized facility in St. Stephen, New Brunswick. The Company distributes its products nationally through medical and retail partnerships, with presence in Australian and European markets. Their portfolio is comprised of four product lines, featuring ten types of bath bombs, two salt soaks, six creams, sticks and balms, and one oral spray. 

On October 27, 2025, the Court granted an order, authorizing the Proposal Trustee to undertake a sale and investment solicitation process (“SISP”) of Stewart Farms’ business, property, assets and undertakings (collectively, the “Business”). 

Grant Thornton Limited, in its capacity as Proposal Trustee, is hereby soliciting offers for Stewart Farm’s Business. Information regarding the SISP can be obtained by visiting the Proposal Trustee’s website: www.DoaneGrantThornton.ca/SVFI or by contacting the Proposal Trustee’s office at [email protected] or [email protected].

Please note that all offers are due no later than at 5:00 PM Eastern Standard Time on December 3, 2025.