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Court Approves Red White & Bloom's Stalking Horse Bid For Aleafia's Sale And Investment Solicitation Process

Benzinga ·  Aug 23, 2023 08:57

Ontario Superior Court of Justice (Commercial List) hasapproved a stalking horse asset purchase and share subscription agreementpursuant to whichRed White & Bloom Brands Inc.(OTC:RWBYF) (CSE:RWB)would acquire certain assetsfromAleafia Health Inc.(OTCPK:ALEAF) and subscribe for shares of certain subsidiaries of Aleafia Health if RWB becomes the successful bidder pursuant to the sale and investment solicitation process ("SISP") also approved by the Court in connection with the proceedings of Aleafia and certain of its subsidiaries (collectively, the "Aleafia Group") under the Companies' Creditors Arrangement Act.

As part of the Aleafia CCAA Proceedings, Aleafia...

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