This endorsement concerns three tobacco companies (JTI-MacDonald Corp., Imperial Tobacco Canada Limited, Imperial Tobacco Company Limited, and Rothmans, Benson & Hedges Inc.) operating under the Companies’ Creditors Arrangement Act (CCAA).
Each applicant sought an extension of their stay period until September 30, 2024, to continue formulating plans of arrangement.
Imperial also requested authorization to terminate a retirement plan and post security for a vaping product license.
RBH sought a procedural amendment for employee grievances.
The court, finding no opposition and satisfied with the applicants' good faith, diligence, and sufficient resources, granted all requested relief, noting significant progress in ongoing mediation.
