Fire & Flower Holdings Corp. and its subsidiaries, Fire & Flower Inc., 13318184 Canada Inc., 11180703 Canada Inc., 10926671 Canada Ltd., Friendly Stranger Holdings Corp., Pineapple Express Delivery Inc. and Hifyre Inc. (collectively, the "Fire & Flower Group"), have received an order for creditor protection (the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") under the Companies' Creditors Arrangement Act (the "CCAA").

The Initial Order includes, among other things: (i) a stay of proceedings in favour of the Fire & Flower Group; (ii) approval of the DIP Loan; and (iii) the appointment of FTI Consulting Canada Inc. as monitor of the Fire & Flower Group.

In order to fund the CCAA proceedings and other short-term working capital requirements, the Fire & Flower Group has executed a facility agreement with 2707031 Ontario Inc. (the "DIP Lender"), an affiliate of Alimentation Couche-Tard Inc.

Stikeman Elliott represented Fire & Flower with a team that included Maria Konyukhova (Restructuring & Insolvency); Joel Binder (Corporate), Philip Yang (Restructuring & Insolvency); Christian Vieira, Bradley Morton (Corporate); Nancy Ramalho, Ashley Mulrooney (Employment & Labour); Sara Zborovski (Corporate).

Thornton Grout Finnigan LLP acted for FTI and Davies acted counsel to the DIP lender.