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Dynaleo Inc, Dynaleo Group Services Inc. filed a Notice of Intention to Make a Proposal

Media Partners, Stratcann

This post is presented by our media partner Stratcann
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SOLICITATION FOR OFFERS

On May 23, 2023, Dynaleo Inc. and Dynaleo Group Services Inc. (collectively, the “Companies”) filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada), R.S.C. 1985, c. B-3 (the “BIA”) and Harris & Partners Inc. was appointed as Proposal Trustee of the Company (the “Proposal Trustee”). 

The Companies operate a premier, state-of-the-art, cannabis edibles facility located in Nisku, Alberta. The facility boasts several pieces of manufacturing equipment, including a complete candy processing line, packaging and labelling and a significant degree of tenant improvements. 

On May 30, 2023, the Court of Kings Bench of Alberta granted an order (the “SISP Order”) permitting the Companies and the Proposal Trustee to commence a Sale and Investment Solicitation Process (“SISP”). The SISP is being conducted in accordance with the procedures included in the SISP Order, which can be found on the Proposal Trustee’s website: www.hpiadvisory.com/dynaleo

Interested parties who wish to pursue a potential investment or acquisition are required to execute a Non-Disclosure Agreement to receive access to the data room.

Per the SISP, non-binding letters of intent must be submitted by no later than 5:00 pm (Calgary Time) on June 23, 2022 (Phase 1 Bid Deadline).

Sponsored Content by: Harris & Partners


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