RE:$0,10s1, as expected HEXO filed for an appeal regarding the judges favourable summary judgement decision to Medipharm regarding the $9.8 million dollar plus interest award.
Sit back and relax, as the court system is anything but fast moving........................
Medipharm disclosure
- "On July 25, 2022, a court ruling was issued in respect of these legal proceedings in which the Company was awarded a favourable summary judgement ruling in the amount of $9,800, plus interest and cost. In addition, the court ruling also dismissed the counterclaim of $35,000 filed against the Group. On August 23, 2022, the defendant in the Claim filed a Notice of Appeal to the summary judgment ruling. " HEXO disclosure
- "On July 25, 2022, the Company received a judgment from the Ontario Superior Court of Justice awarding the claim in favour of MediPharm Labs Inc. for the sum of $9.8 million plus interest. The Company appealed the Ontario Superior Court of Justice’s decision on August 23, 2022." If you like reading court docs including the Reasons for the Summary Judgement Motion, enjoy!
https://www.canlii.org/en/on/onsc/doc/2021/2021onsc4823/2021onsc4823.html?autocompleteStr=medipharm&autocompletePos=1 https://www.canlii.org/en/on/onsc/doc/2022/2022onsc4326/2022onsc4326.html?autocompleteStr=medipharm%20&autocompletePos=2