Ontario Superior Court of Justice

Hut 8 Mining Production and Operations Update for October 2023

Retrieved on:

Monday, November 6, 2023

Sale, CAD, Fatal Five, Hut 8, Ontario Superior Court of Justice, Court, Macquarie, Project Panther Bidco, TSX, Cryptocurrency, Bitcoin

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:

Key Points:

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
“While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.

Hut 8 Mining Production and Operations Update for October 2023

Retrieved on:

Monday, November 6, 2023

Sale, CAD, Fatal Five, Hut 8, Ontario Superior Court of Justice, Court, Macquarie, Project Panther Bidco, TSX, Cryptocurrency, Bitcoin

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.Production highlights for October 2023:

Key Points:

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. (Nasdaq: HUT ) (TSX: HUT ), ("Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 112 Bitcoin in October 2023.
The Stalking Horse Bid is part of the previously announced support agreement with Macquarie Equipment Finance Ltd (“Macquarie”) and was approved by the Court in connection with a sale and investment solicitation process ("SISP").
Macquarie will receive a minority equity interest in BidCo of approximately 20% and a subsidiary of Hut 8 will be the majority owner with the remaining approximately 80%.
“While our mining results remained steady month over month, we made meaningful progress toward building an infrastructure-first, diversified operation that we believe will be a first in our industry,” said Jaime Leverton, CEO of Hut 8.

Red White & Bloom Provides Update Relating to Aleafia Health and Other Corporate Matters

Retrieved on:

Tuesday, October 31, 2023

Asset purchase agreement, Sale, RWB, DIP, Approval, OTC, Health Canada, News, Court, Ontario Superior Court of Justice, Asset, CSE, Amend, Canadian Securities Exchange, CCAA, Holding company

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”) and other corporate matters.

Key Points:

TORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”) and other corporate matters.
The Approval and Vesting Order approves the implementation of the transactions contemplated by the Amended Stalking Horse Agreement, whereby a wholly-owned subsidiary of RWB would subscribe for shares of the Aleafia Purchased Entities and acquire specific intellectual property owned, licensed or leased by Aleafia Health.
Certain excluded assets and liabilities of the Aleafia Purchased Entities would be transferred to one or more corporations that would not be included among the Aleafia Purchased Entities at closing.
RWB’s subsidiary would be the sole shareholder of the Aleafia Purchased Entities following closing.

Court appoints receiver to manage affairs of Traynor Ridge Capital Inc.

Retrieved on:

Friday, November 3, 2023

Ontario Superior Court of Justice, OSC, Justice, W.F. Young, Inc., Ontario Securities Commission, Person, Security (finance), Cryptocurrency, Traynor

TORONTO, Nov. 3, 2023 /CNW/ - The Ontario Superior Court of Justice made an order today appointing Ernst & Young Inc. as receiver and manager over the affairs of Traynor Ridge Capital Inc. ("Traynor Ridge Capital") and the funds it manages.

Key Points:

TORONTO, Nov. 3, 2023 /CNW/ - The Ontario Superior Court of Justice made an order today appointing Ernst & Young Inc. as receiver and manager over the affairs of Traynor Ridge Capital Inc. ("Traynor Ridge Capital") and the funds it manages.
On October 30, 2023, the OSC issued a temporary order against Traynor Ridge Capital that imposes terms and conditions on its registration and prohibits all trading in any securities by or of the firm and in three of the funds it manages.
Clients of Traynor Ridge Capital with questions about the receivership will be able to visit www.ey.com/ca/traynorridge for additional information once the website is established.
The OSC acknowledges the assistance and support of the Canadian Investment Regulatory Organization in this matter.

Hut 8 receives Court approval for a stalking horse bid for four natural gas power plants and the North Bay Bitcoin mine

Retrieved on:

Friday, November 3, 2023

Bitcoin, Sale, Mining, Hut 8, Macquarie Group, HPC, Ontario Superior Court of Justice, Court, Stalking, Project Panther Bidco, KSV, AI, TSX, Cryptocurrency, Auction, Fatal Five

In connection with the Stalking Horse Bid, the Court has also approved the implementation of a sale and investment solicitation process (the "SISP") to be carried out by KSV Restructuring Inc.

Key Points:

In connection with the Stalking Horse Bid, the Court has also approved the implementation of a sale and investment solicitation process (the "SISP") to be carried out by KSV Restructuring Inc.
The completion of the Stalking Horse Bid is also expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities.
Completion of the Stalking Horse Bid is conditional on a number of factors, including: (i) the Stalking Horse Bid being declared the successful bid in the SISP; (ii) the Court issuing an approval and vesting order in respect of the Stalking Horse Bid, and (iii) the satisfaction of standard conditions to closing.
Subject to the conditions outlined above, and the terms and conditions of the SISP, completion of the Stalking Horse Bid is expected to occur in Q4 of 2023.

Hut 8 receives Court approval for a stalking horse bid for four natural gas power plants and the North Bay Bitcoin mine

Retrieved on:

Friday, November 3, 2023

Bitcoin, Sale, Mining, Hut 8, Macquarie Group, HPC, Ontario Superior Court of Justice, Court, Stalking, Project Panther Bidco, KSV, AI, TSX, Cryptocurrency, Auction, Fatal Five

TORONTO, Nov. 3, 2023 /PRNewswire/ -- Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure providers, today announced that the Ontario Superior Court of Justice (Commercial List) (the "Court") has approved a stalking horse bid (the "Stalking Horse Bid") as part of the previously announced support agreement (the "Support Agreement") with Macquarie Equipment Finance Ltd. ("Macquarie"), a subsidiary of Macquarie Group Limited, a global financial services group.

Key Points:

In connection with the Stalking Horse Bid, the Court has also approved the implementation of a sale and investment solicitation process (the "SISP") to be carried out by KSV Restructuring Inc.
The completion of the Stalking Horse Bid is also expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities.
Completion of the Stalking Horse Bid is conditional on a number of factors, including: (i) the Stalking Horse Bid being declared the successful bid in the SISP; (ii) the Court issuing an approval and vesting order in respect of the Stalking Horse Bid, and (iii) the satisfaction of standard conditions to closing.
Subject to the conditions outlined above, and the terms and conditions of the SISP, completion of the Stalking Horse Bid is expected to occur in Q4 of 2023.

Red White & Bloom Provides Update Relating to Aleafia Health

Retrieved on:

Thursday, October 12, 2023

OTC, RWB, Court, Ontario Superior Court of Justice, CSE, CCAA, Companies' Creditors Arrangement Act, Sale

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).

Key Points:

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is providing an update on matters relating to Aleafia Health Inc. (“Aleafia Health”).
As previously disclosed, the Stalking Horse Agreement provides for a reverse vesting transaction whereby a wholly-owned subsidiary of RWB would subscribe for shares of certain of Aleafia Health’s subsidiaries (collectively, the “Aleafia Purchased Entities”) and acquire specific intellectual property owned, licensed or leased by Aleafia Health.
Certain excluded assets and liabilities of the Aleafia Purchased Entities would be transferred to one or more corporations that would not be included among the Aleafia Purchased Entities at closing.
RWB’s subsidiary would be the sole shareholder of the Aleafia Purchased Entities following closing.

Aleafia Health Announces Successful Bids in Sale and Investment Solicitation Process

Retrieved on:

Thursday, October 12, 2023

Court, RWB, Ontario Superior Court of Justice, CCAA, Grimsby, Sale

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (“Aleafia” or the “Corporation”) announces that Red White & Bloom Brands Inc. (“RWB”) has been selected as the successful bidder pursuant to the Court-approved sale and investment solicitation process (the “SISP”) in connection with the previously announced proceedings of Aleafia and certain of its subsidiaries under the Companies’ Creditors Arrangement Act (the “CCAA”).

Key Points:

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (“Aleafia” or the “Corporation”) announces that Red White & Bloom Brands Inc. (“RWB”) has been selected as the successful bidder pursuant to the Court-approved sale and investment solicitation process (the “SISP”) in connection with the previously announced proceedings of Aleafia and certain of its subsidiaries under the Companies’ Creditors Arrangement Act (the “CCAA”).
The Stalking Horse Agreement was approved by the Court in the context of the SISP, in order to establish the baseline consideration for the Corporation’s business and assets.
In accordance with the terms of the SISP, Aleafia will be seeking Court approval of the Sale Transactions in connection with the SISP and authority to consummate the transactions provided for therein at the approval hearing which will be held on October 27, 2023.
If approved by the Court, closing of the RWB Transaction is expected to occur prior to November 22, 2023, and closing of the Property Sale is expected to occur prior to November 1, 2023.

$500 MILLION CLASS ACTION FILED AGAINST THE TORONTO DOMINION BANK FOR CLAIMED VACATION AND HOLIDAY PAY COMPENSATION VIOLATIONS

Retrieved on:

Tuesday, October 10, 2023

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TORONTO, Oct. 10, 2023 /CNW/ - A proposed class action lawsuit has been filed against The Toronto Dominion Bank alleging that it failed to pay or properly pay its mobile mortgage specialists vacation and/or public holiday pay on their commissions, volume bonuses and other variable (non-salary) payments.

Key Points:

TORONTO, Oct. 10, 2023 /CNW/ - A proposed class action lawsuit has been filed against The Toronto Dominion Bank alleging that it failed to pay or properly pay its mobile mortgage specialists vacation and/or public holiday pay on their commissions, volume bonuses and other variable (non-salary) payments.
The statement of claim, filed in the Ontario Superior Court of Justice, seeks to advance claims for allegedly unpaid vacation and holiday pay over various years for a class of more than 1,000 TD mobile mortgage specialists across Canada.
The claim alleges that vacation and/or holiday pay was owed, but not paid, on top of the set commissions and other non-salary compensation earned by those employees.
It is expected that the TD Bank will defend the action and deny the allegations contained therein.

MediPharm Labs Settles an Outstanding Claim for $9M

Retrieved on:

Monday, October 2, 2023

Ontario Superior Court of Justice, New York Court of Appeals, Tilray, Justice, Ontario Court of Justice, Vexatious litigation, Tobacco Master Settlement Agreement, FSE, Sale, US, Medication, Acquisition, Hearing, TSX, Ageing, FDA, Pharma

TORONTO, Oct. 2, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a company specialized in precision-based cannabinoids, is pleased to announce it has entered into a settlement agreement on September 29, 2023 (the "Settlement Agreement") to resolve a claim in connection with a commercial agreement dispute, for a total consideration value of $9,000,000.

Key Points:

TORONTO, Oct. 2, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a company specialized in precision-based cannabinoids, is pleased to announce it has entered into a settlement agreement on September 29, 2023 (the "Settlement Agreement") to resolve a claim in connection with a commercial agreement dispute, for a total consideration value of $9,000,000.
On January 24, 2020, MediPharm Labs filed a statement of claim (the "Claim") in the Ontario Superior Court of Justice against one of its long-term customers, HEXO Corp., regarding a long-term supply agreement for cannabis concentrates.
MediPharm was awarded a favourable summary judgment in the Ontario Court of Justice in July of 2022.
In connection with the Settlement Agreement, Hexo Corp. will abandon its appeal as against MediPharm.