Green Impact Partners Commences Court-Supervised Process to Facilitate Refinancing and Strategic Transactions

Executive Summary

• The Alberta Court of King's Bench issued an Initial Order under the Companies' Creditors Arrangement Act (CCAA) for Green Impact Partners Inc. and certain subsidiaries, granting a stay of proceedings.
• Ernst & Young Inc. has been appointed as the court‑appointed monitor to oversee the restructuring process.
• The company will continue operating its assets, paying employees, servicing customers, and maintaining supplier relationships while it works with creditors on a plan of compromise, including possible recapitalization or transaction processes.

Key Details

• Initial Order: Provides a stay of proceedings, allowing GIP to remain in possession and control of its assets and continue ordinary‑course operations.
• Monitor Appointment: Ernst & Young Inc. appointed by the Court as monitor to supervise the CCAA process.
• Operational Continuity: Company will keep paying employees, covering operating expenses, supplying customers, and maintaining key supplier/partner relationships.
• Restructuring Objectives: Preserve enterprise value, maximize outcomes for stakeholders, and develop a plan of compromise or arrangement with creditors.
• Potential Outcomes: Evaluation of alternatives such as recapitalization, sale, or other transaction processes previously announced.
• Management Team: All current directors (Alex, Ahmed, Jesse) and staff will remain in place during the stay period.
• Stay Period: Prevents creditors from enforcing remedies while restructuring negotiations are underway.
• Information Access: Additional details on the CCAA proceedings will be posted on Ernst & Young’s monitor website: www.ey.com/ca/greenimpact.

Notable Quotes

• “The Initial Order provides a stay of proceedings to allow GIP to continue operating its business while it works with its stakeholders to implement a restructuring solution intended to preserve enterprise value and maximize outcomes for stakeholders.” – Jesse Douglas, CEO

This release contains forward‑looking statements regarding the CCAA process, potential restructuring outcomes, and related risks.