cannabis company listed on the Canadian Securities Exchange, Chalice Brands Ltd. (CSE: CHAL), has recently obtained an order from the Ontario Superior Court of Justice for protection under the Companies Creditors Arrangement Act (CCAA) of Canada.

In addition, the company has initiated a process in the Circuit Court of the State of Oregon to appoint a state receiver over certain subsidiaries of Chalice.

"The Initial Order provides for a stay of proceedings in favor 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 …

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