Aleafia Health Obtains Creditor Protection to Pursue Restructuring and Sale Process
The DIP Loan (as described below) is anticipated to fund the operations of the Aleafia Group in the ordinary course through the duration of the CCAA proceedings.
- The DIP Loan (as described below) is anticipated to fund the operations of the Aleafia Group in the ordinary course through the duration of the CCAA proceedings.
- This may include the sale of all or substantially all of the business or assets of the Aleafia Group through a court-supervised sale process.
- In that regard, the Aleafia Group intends to seek Court approval to launch a sale and investment solicitation process for its business and assets (the “SISP”) promptly following the Initial Order.
- The SISP is expected to be administered by the Monitor, with the assistance of the Aleafia Group.