Saturday, July 12, 2025

Latest

Beleave Appoints Former CEO As Chief Restructuring Officer, Enters Stalking Horse Sales Process

Beleave Inc (CSE: BE) has seen its previously proposed stalking horse sale process approved by the courts, with Grant Thornton Limited appointed as monitor for the process. The company has also appointed a chief restructuring officer in connection with the court order.

Beleave Inc's Logo

Former CEO (and most recently, interim CEO and COO) Bill Panagiotakapoulos has been appointed as the chief restructuring officer as a part of the process. The former interim CEO is tasked with assisting Beleave with its ongoing credit protection and the sales process.

As previously identified, the stalking horse bid will be set by that of Hegedus Consulting Services, given that the company entered into creditor protection to conduct a transaction proposed by the firm. The offer by Hegedus, while currently not disclosed, will act as the “stalking horse offer” within the transaction, with the company looking to identify or conclude a superior offer.

Beleave Inc last traded at $0.005 on the CSE.


Information for this briefing was found via Sedar and Beleave Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Green Growth Brands Files For Creditor Protection, Agrees To Sell Florida Assets

Green Growth Brands (CSE: GGB) has finally caved. The company this morning announced that it...

Wednesday, May 20, 2020, 10:25:15 AM

Beleave Receives No Bids In Stalking Horse Process, Shareholders To Receive Nothing Following Asset Sale

The demand for cannabis assets has evidently fallen off a cliff. Beleave Inc (CSE: BE)...

Friday, August 7, 2020, 08:59:39 AM

Jeannette Out! Beleave’s New CEO Quits After Only 9 Weeks

This afternoon, Jeannette VanderMarel abruptly announced she would be resigning as the CEO of Beleave...

Wednesday, December 18, 2019, 02:31:54 PM

Wayland Group Applies For Creditor Protection Under CCAA

Wayland Group (CSE: WAYL) announced this evening that it has sought creditor protection for two...

Monday, December 2, 2019, 09:45:47 PM

Great Panther Mining To File For Creditor Protection

Great Panther Mining (TSX: GPR) appears to finally be throwing in the towel, this morning...

Tuesday, September 6, 2022, 08:37:53 AM