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  • Nov 15, 2024

      Show headlines and story abstract
    • 5:56PM ET on Friday Nov 15, 2024 by Dow Jones
      Companies Mentioned: GDNP.H

      Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - good natured Products Inc. (the "Company" or "good natured(R)") (TSXV: GDNP.H) (OTC Pink: GDNPF), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, today announced the closing of the previously disclosed transaction (the "Transaction") pursuant to which HUK 149 Limited (the "Purchaser"), a private United Kingdom limited company, an affiliate of UK based turnaround investor Hilco Capital, acquired the Company and its subsidiaries, other than certain excluded assets and liabilities which were transferred directly or indirectly to 1508538 B.C. Ltd. (the "Residual Company"), pursuant to a reverse vesting order granted under the Companies' Creditors Arrangement Act (the "CCAA") by the Supreme Court of British Columbia. As part of the closing of the Transaction, all common shares of the Company (other than the common shares subscribed for by the Purchaser) were redeemed and cancelled for no consideration pursuant to the terms of the Transaction. In addition, the TSX Venture Exchange has provided a notice to delist the common shares of the Company to Alvarez & Marsal Canada Inc. (the "Monitor") and all common shares of the Company will be delisted from the NEX Board of the TSX Venture Exchange after November 22, 2024, without further notice.
    • 5:55PM ET on Friday Nov 15, 2024 by Newsfile
      Companies Mentioned: GDNPF

      Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - good natured Products Inc. (the "Company" or "good natured®") (TSXV: GDNP.H) (OTC Pink: GDNPF), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, today announced the closing of the previously disclosed transaction (the "Transaction") pursuant to which HUK 149 Limited (the "Purchaser"), a private United Kingdom limited company, an affiliate of UK based turnaround investor Hilco Capital, acquired the Company and its subsidiaries, other than certain excluded assets and liabilities which were transferred directly or indirectly to 1508538 B.C. Ltd. (the "Residual Company"), pursuant to a reverse vesting order granted under the Companies' Creditors Arrangement Act (the "CCAA") by the Supreme Court of British Columbia. As part of the closing of the Transaction, all common shares of the Company (other than the common shares subscribed for by the Purchaser) were redeemed and cancelled for no consideration pursuant to the terms of the Transaction. In addition, the TSX Venture Exchange has provided a notice to delist the common shares of the Company to Alvarez & Marsal Canada Inc. (the "Monitor") and all common shares of the Company will be delisted from the NEX Board of the TSX Venture Exchange after November 22, 2024, without further notice.

  • Nov 1, 2024

      Show headlines and story abstract
    • 2:31PM ET on Friday Nov 01, 2024 by Newsfile
      Companies Mentioned: GDNPF

      Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - good natured Products Inc. (TSXV: GDNP.H) (OTC Pink: GDNPF) (the "Company" or "good natured®"), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, announced today that the Supreme Court of British Columbia (the "Court") has approved, pursuant to an approval and reverse vesting order granted under the Companies' Creditors Arrangement Act (the "CCAA"), the previously announced transaction (the "Transaction") whereby HUK 149 Limited, a private United Kingdom limited company ("Hilco"), an affiliate of UK based turnaround investor Hilco Capital, will acquire the Company and its subsidiaries (other than certain excluded assets and liabilities to be transferred directly or indirectly to a newly incorporated entity) pursuant to the terms of a subscription agreement entered into between the Company and Hilco (the "Agreement").

    • 2:31PM ET on Friday Nov 01, 2024 by Dow Jones
      Companies Mentioned: GDNP.H

      Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - good natured Products Inc. (TSXV: GDNP.H) (OTC Pink: GDNPF) (the "Company" or "good natured(R)"), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, announced today that the Supreme Court of British Columbia (the "Court") has approved, pursuant to an approval and reverse vesting order granted under the Companies' Creditors Arrangement Act (the "CCAA"), the previously announced transaction (the "Transaction") whereby HUK 149 Limited, a private United Kingdom limited company ("Hilco"), an affiliate of UK based turnaround investor Hilco Capital, will acquire the Company and its subsidiaries (other than certain excluded assets and liabilities to be transferred directly or indirectly to a newly incorporated entity) pursuant to the terms of a subscription agreement entered into between the Company and Hilco (the "Agreement").

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