HUMBLE & FUME INC. FILES FOR CCAA PROTECTION
TORONTO – Humble & Fume Inc. (CSE: HMBL) (OTC Pink: HUMBF) announced that the Company and its subsidiaries, Humble & Fume Inc. (Manitoba), P.W.F. Holdco, Inc., Windship Trading LLC, B.O.B. Headquarters Inc., Fume Labs Inc., and Humble Cannabis Solutions Inc. have initiated proceedings in the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. The Humble Group’s application under the CCAA was heard earlier today. Following the hearing, the Court granted an order, which, among other forms of relief: (i) granted a stay of proceedings in favour of the Humble Group up to and including January 15, 2024; and (ii) appointed Deloitte Restructuring Inc. as Court-appointed monitor of the Humble Group. After extensive consultation with legal and financial advisors, and thorough consideration of all available alternatives, the directors of the Humble Group determined that it was in the best interests of the Humble Group to seek creditor pr...