Jonathan Sherman

Feb 13, 2025 | mondaq.com | Jonathan Sherman |Natalie Levine |Rachel Binder |Thea Lastman

On January 29, 2025, the Court of King's Bench of Albertaapproved applications made by Delta 9 Cannabis Inc. (Delta 9),among others, for: (a) a sanction order and stay extension; and (b)a sale approval and vesting order and an approval and reversevesting order. In the decision, the Court examined the standard fordirector releases in a reverse vesting transaction and ultimatelyapproved the releases over the objections of the Canada RevenueAgency (CRA).