Invictus MD Strategies Corp. announced that the Company, Greener Pastures MD Ltd., Acreage Pharms Ltd. (“Acreage”) and 2015059 Alberta Ltd. have received an order from the Supreme Court of British Columbia that approves the Invictus Group’s proposed sale and investment solicitation process (“SISP”) in respect of their businesses and assets in connection with the Invictus Group’s ongoing Companies’ Creditors Arrangement Act (“CCAA”) proceedings.
Under the SISP, the Invictus Group, together with its Chief Restructuring Officer (“CRO”) has commenced soliciting proposals from potential interested parties for the acquisition of, or investment in, the Invictus Group or their respective businesses and assets, all in accordance with the process and timelines provided for in the Order. The deadline for initial qualified non-binding letters of interest will be 5:00pm (Pacific Time) on April 24, 2020. Potential interested parties wishing to participate in the SISP should contact the Invictus Group or the CRO.
Further information on the Order and SISP may be obtained from the website of PricewaterhouseCoopers Inc., in its capacity as Court-appointed monitor of the Invictus Group (the “Monitor”), at https://www.pwc.com/ca/invictus.