A recent court order granted a termination of the CCAA proceedings for 420 Investments Ltd., 420 Premium Markets Ltd., Green Rock Cannabis (EC 1) Limited, and 420 Dispensaries Ltd. (collectively, FOUR20).

In an order posted on June 4, 2025, the monitor of the proceedings was directed to file the CCAA Termination Certificate, post it on their website, and provide a copy to FOUR20.

The move comes more than a year after the parent companies of cannabis retail chain Four20 Premium Markets first filed a notice of intent to make a proposal under the Bankruptcy and Insolvency Act on May 29, 2024.

The companies 420 Premium Markets Ltd., 420 Investments Ltd., and Green Rock Cannabis Ltd. (GRC), filed the notices of intent following a $9.8 million judgment against 420 for repayment of a bridge loan and related interest and costs to Tilray subsidiary High Park Shops Inc. High Park was created for the purpose of the acquisition of Four20.

On September 19, 2024, the Notice of Intent (NOI) Entities and 420 Dispensaries Ltd. sought and obtained an initial order from the Court of Kings’ Bench of Alberta granting, among other things, a continuation of the NOI Proceedings under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c C-36, as amended.

You can read more about the background of the process here.

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