Good Buds Company Inc.

Overview

On March 6, 2024, Good Buds Company Inc. (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee under the Proposal.

Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from March 6, 2024 to April 5, 2024 unless the period is extended by the Court upon application by the Company. During this period, the Trustee will monitor the business of the Company and assist the Company in preparing its Proposal.

On March 25, 2024 the Company made an application to Court to approve the granting of an extension of the stay of proceedings and the deadline for the filing of a proposal to May 20, 2024. The hearing is scheduled for April 4, 2024 at 9:45AM in Vancouver, in person.

Creditor’s Information

Creditor’s Package – Notice of Intention to Make a Proposal

Court Documents

Notice of Application dated March 25, 2024

Affidavit of Eric Tyler Rumi dated March 25, 2024

Trustee’s First Report to Court dated March 25, 2024

Trustee’s Second Report to Court dated May 7, 2024

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