Engagements

Pure Global Cannabis Inc.

Receivership Proceeding

On May 1,2020, by Order (the “Appointing Receiver Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), A. Farber & Partners Inc. (“Farber”) was appointed as receiver and manager (the “Receiver”), pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended, without security, of certain of the assets, undertakings and properties of Pure Global Cannabis Inc., Puresinse Inc., 237A Advance Inc., 237B Advance Inc., SPRQ Health Group and The Great Canadian Hemp Company, Ltd. (defined as the “Debtors” or “Pure Global Group”) acquired for, or used in relation to a business carried on by the Debtors, including all proceeds thereof, but not the Excluded Assets or Excluded Undertakings (collectively, the “Property”).

On March 19, 2020 the Pure Global Group sought and obtained an Order from the Ontario Superior Court of Justice (Commercial List) granting relief under the Companies’ Creditors Arrangement Act (the “CCAA”). Ernst & Young Inc. was appointed as Monitor of the Debtors during these CCAA proceedings (“EY” or the “Monitor”).

The CCAA process is continuing at this time. Pursuant to the Amended and Restated Initial Order in the CCAA Proceeding dated April 3, 2020, Pure Global was required to arrange for the orderly, expeditious and lawful disposition or destruction of its cannabis or cannabis products in compliance with applicable law. That process is to continue and the CCAA Proceeding remains in place until further Order of the Court.   The Pure Global Group CCAA case web site can be viewed at: https://documentcentre.eycan.com/Pages/Main.aspx?SID=2489

The Appointing Receivership Order attached below.

Creditor Enquires

For enquires, please contact:

Paul Denton
T: 416.496.3773
E: pdenton@farbergroup.com

Peter Crawley
T: 416-496-3507
E: pcrawley@farbergroup.com

The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future. 

Documents

Motion Materials

Court Orders & Endorsements

Service List