Tricanna Industries Inc., NOI

Tricanna Industries Inc., a British Columbia-based licensed cannabis producer, filed an NOI on February 5 listing $3.2 million in liabilities, including $1.1 million to CRA.

Tricanna offers semi-automated pre-roll production, packaging for cannabis products, trimming and distribution services, operating from a leased production facility located in Mission, British Columbia.

Reporting net losses for the year ended December 31, 2024, and facing potential action by CRA due to outstanding excise taxes owing, the company decided to file the NOI, the purpose of which is to complete an RVO transaction with Fabrizio Rossi as purchaser.

MNP is the proposal trustee.

Counsel is MLT Aikins for the company and DLA Piper for the proposal trustee.