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Chalice Obtains Initial Order under Companies' Creditors Arrangement Act (Canada) and Commences State Receivership under Oregon State Law

KSV Advisory featured in Financial Post article "Chalice Obtains Initial Order under Companies' Creditors Arrangement Act (Canada) and Commences State Receivership under Oregon State Law | GLOBE NEWSWIRE"

"In accordance with the Initial Order, all creditors of Chalice, as well as creditors of all of the Company’s subsidiaries (such subsidiaries, the “Non-Filing Affiliates”), will be stayed from enforcing their claims. The Initial Order provides for a stay of proceedings in favour of the Company and the Non-Filing Affiliates for an initial period of 10 days, subject to such extensions as the Court may subsequently order, and the appointment of KSV Restructuring Inc. as Monitor in the CCAA proceeding."