Central City Brewers and Distillers Ltd. and CCBD Realty Holding Corp.

CCAA

^{Page last updated: November 28, 2024}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of November 28, 2024

On November 28, 2024, the Court granted an Amended and Restated Initial Order, granting:

• An increase charge in favor of the Interim Lenders;
• An increase in the Administration Charge; and, 
• An extension of the stay of proceedings to February 28. 2024. 

In addition, the Court approved the Sale and Investment Solicitation Process. 

The Orders can be found under the Court Orders tab.

Status of file as of November 27, 2024

In preparation of the hearing to take place on November 28, 2024 (the "Comeback Hearing"), the Monitor has posted the applicable motion materials (found under the Motion Materials tab).

The Company is seeking to have the following approved by the Court at the Comeback Hearing:

• An increase charge in favor of the Interim Lenders; 
• An increase in the Administration Charge; 
• An extension of the stay of proceedings to February 28, 2024; and 
• Approval of the Sale and Investment Solicitation Process. 

The Monitor has posted its First Report to the Court (found under the Monitor's Reports tab), which speaks to the approvals the Company is seeking from the Court, alongside providing an update on the activities since the Filing Date.

A summary of the hearing and any orders made by the Court will be posted to this website shortly after the hearing.

Status of file as of November 21, 2024

On November 21, 2024 (the "Filing Date"), Central City Brewers and Distillers Ltd and CCBD Realty Holding Corp, (collectively the “Company” or “the Petitioners”) sought and obtained an Initial Order of the Supreme Court of British Columbia (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”).

PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as the Monitor. As a result of the CCAA filing, there is a stay of proceedings in place until December 1, 2024, (the “Initial Stay”), subject to any extensions of the Initial Stay that the Court might grant upon application by the Company.

The next court application will be Thursday, November 28 2024 (the “Comeback hearing”).

Notice of the CCAA and the Monitor’s appointment will be emailed or mailed to all affected creditors shortly and will be posted under the creditor’s communication tab.

The Monitor will post regular status updates to this website and post future Monitor reports and Court materials, as they become available during the CCAA proceedings.