http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2024, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Mon, 08 Jul 2024 12:00:00 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Press+Releases/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html <p> LONDON, Ontario--(BUSINESS WIRE)-- As previously disclosed, on June 13, 2024, Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) and its subsidiaries (collectively, the “<b>Indiva Group</b>”) were granted creditor protection pursuant to an order (as amended and restated, the “<b>Initial Order</b>”) from the Ontario Superior Court of Justice (Commercial List) (the “<b>Court</b>”) under the <i>Companies’ Creditors Arrangement Act </i>(the “<b>CCAA</b>”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group (the “<b>Monitor</b>”), and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc. (“<b>SNDL</b>”). </p><p> Pursuant to an Order granted on July 5, 2024 (the “<b>Sale Process Approval Order</b>”), the http://www.streetinsider.com/Press+Releases/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html Mon, 08 Jul 2024 12:00:00 -0400 NDVA O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html <p> LONDON, Ontario--(BUSINESS WIRE)-- As previously disclosed, on June 13, 2024, Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) and its subsidiaries (collectively, the “<b>Indiva Group</b>”) were granted creditor protection pursuant to an order (as amended and restated, the “<b>Initial Order</b>”) from the Ontario Superior Court of Justice (Commercial List) (the “<b>Court</b>”) under the <i>Companies’ Creditors Arrangement Act </i>(the “<b>CCAA</b>”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group (the “<b>Monitor</b>”), and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc. (“<b>SNDL</b>”). </p><p> Pursuant to an Order granted on July 5, 2024 (the “<b>Sale Process Approval Order</b>”), the http://www.streetinsider.com/Press+Releases/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html Mon, 08 Jul 2024 12:00:00 -0400 NDVA O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html <p> LONDON, Ontario--(BUSINESS WIRE)-- As previously disclosed, on June 13, 2024, Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) and its subsidiaries (collectively, the “<b>Indiva Group</b>”) were granted creditor protection pursuant to an order (as amended and restated, the “<b>Initial Order</b>”) from the Ontario Superior Court of Justice (Commercial List) (the “<b>Court</b>”) under the <i>Companies’ Creditors Arrangement Act </i>(the “<b>CCAA</b>”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group (the “<b>Monitor</b>”), and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc. (“<b>SNDL</b>”). </p><p> Pursuant to an Order granted on July 5, 2024 (the “<b>Sale Process Approval Order</b>”), the http://www.streetinsider.com/Business+Wire/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html Mon, 08 Jul 2024 12:00:00 -0400 NDVA O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html <p> LONDON, Ontario--(BUSINESS WIRE)-- As previously disclosed, on June 13, 2024, Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) and its subsidiaries (collectively, the “<b>Indiva Group</b>”) were granted creditor protection pursuant to an order (as amended and restated, the “<b>Initial Order</b>”) from the Ontario Superior Court of Justice (Commercial List) (the “<b>Court</b>”) under the <i>Companies’ Creditors Arrangement Act </i>(the “<b>CCAA</b>”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group (the “<b>Monitor</b>”), and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc. (“<b>SNDL</b>”). </p><p> Pursuant to an Order granted on July 5, 2024 (the “<b>Sale Process Approval Order</b>”), the http://www.streetinsider.com/Business+Wire/Indiva+Announces+Commencement+of+Court-Approved+Sale+Process/23440742.html Mon, 08 Jul 2024 12:00:00 -0400 NDVA O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Press+Releases/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006 http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html <p> LONDON, Ontario--(BUSINESS WIRE)-- Indiva Limited (“<b>Indiva</b>”) (TSXV:NDVA) announced today that Indiva and its subsidiaries (collectively, the “<b>Indiva Group</b>”) have been granted an order (the "<b>Initial Order</b>") from the Ontario Superior Court of Justice (Commercial List) (the "<b>Court</b>") under the <i>Companies’ Creditors Arrangement Act</i> (the “<b>CCAA</b>”), in order to restructure their business and financial affairs. </p><p> Due to, among other things, the fragmentation of the cannabis industry, financial underperformance and pressures resulting from obligations owing to creditors, the Indiva Group has incurred cumulative losses. After careful consideration of all available alternatives including undertaking a strategic review which was unsuccessful in http://www.streetinsider.com/Business+Wire/Indiva+Obtains+Creditor+Protection+to+Pursue+Restructuring+and+Sales+Process/23355982.html Thu, 13 Jun 2024 09:10:00 -0400 A.29121832 A.36078215 NDVA O.00783833 O.00786712 O.02596006