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Maven Brands Inc C.MJ

Alternate Symbol(s):  TRLFF

Maven Brands Inc. is a Canada-based licensed processor serving the burgeoning craft cannabis community in Canada with a full suite of production, processing, and packaging solutions. The Company, through its subsidiary, Maven Cannabis, owns and operates an approximately 19,500 square foot cannabis facility at the 40-acre Monashee Gateway Business Park, situated in the Village of Lumby at the north end of the Okanagan Valley in the Interior of British Columbia, Canada. Its services include Cannabis production, toll-processing and packaging, regulatory support and QA services, supply contracts for co-branded, nation-wide distribution, small scale microbial and analytics services, genetic cleaning, propagation, cloning and bio-banking services and land packages for new micro sites at Monashee Gateway Business Park. It is also engaged in services program to provide seed-to-shelf solutions for cannabis micro-cultivators and small-scale producers across Canada.


CSE:MJ - Post by User

Comment by LTInvest1234on Apr 05, 2020 12:07pm
186 Views
Post# 30880637

RE:FTI Insolvency Trustee further review of published creditors

RE:FTI Insolvency Trustee further review of published creditorsYou are correct that they put their outstanding amount on each company. The $5,840,000 is the Lind debt. Unfortunately they hold all the cards. Here is what was in the original finance agreement showing their preferred security position. The shareholders and other unsecured debt holders are out of luck.

"The convertible security is secured by a general security agreement from the Company and certain of its subsidiaries and a mortgage of the Company's Lumby property."
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