Plus: Plus Products Seeks Sanction Order To Complete Transaction With Glass House Cannabis Brands

Cannabis and hemp branded products company Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is seeking a sanction order to complete its previously announced transaction with Glass House Brands (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF). What Happened On Thursday, the California-based company announced that it filed an application in the Supreme Court of British Columbia's Creditors Arrangement Act seeking an order that sanctions its amended plan of compromise, arrangement and reorganization dated Jan. 17, 2022. The order also extends the stay period in the CCAA proceedings until the date that PricewaterhouseCoopers Inc., in its capacity as court-appointed monitor of the company, is discharged by further Court order. The company's sanction order application is scheduled to be ...Full story available on Benzinga.com