Tax, TLN and Strategic Review
Read para 11 and 27
https://www.cra-arc.gc.ca/E/pub/tp/it302r3/it302r3-e.html
As you can see a take-over buyer cannot use those capital losses. Section 249 of the ITA (Canadian Income tax Act)
An amalgamated new entity can . Subsection 87(2.1) ITA
To my understanding, the strategic review is still open.
A take over or partnerhip is still on the table.
Don't believe me, believe in morons, you'll see.