Plant-Based Investment Corp., (the “Company”) brought an application under the Companies’ Creditors Arrangement Act (“CCAA”) for the appointment of a Monitor and other relief. The Ontario Superior Court of Justice granted the relief sought by the Company and issued an Initial Order pursuant to the CCAA on May 1, 2023. The Initial Order provides for a Stay of all proceedings until May 11, 2023, against the Company and appoints msi Spergel inc., as Monitor of the business and financial affairs of the Company. Please refer to the Initial Order dated May 1, 2023, for more information.
Plant-Based Investment Corp. (“PBIC”) is a public corporation incorporated under the Canada Business Corporations Act that is listed on the Canadian Securities Exchange under the symbol “PBIC”. Its head office is in Toronto, Ontario. PBIC is an investment corporation that invests in public and private companies that derive a portion of their revenues, earnings, or intellectual property-based value from products, equipment, services and/or technologies related to plant-based industries, including the cannabis plant family and its various compounds, the fungi industry (including medicinal, functional and psychedelics), super-foods and/or organic ingredients industries in addition to investing in specialty retail locations, functional medicine and wellness-based clinics and treatment centres.