Canadian Cannabis Exchange facilitates sale of Ogen production facility and equipment

| Staff


Canadian Cannabis Exchange Ltd. (“CCX”), by and through the court appointed Receiver, Alvarez & Marsal Canada Inc. (“A&M”), announces the exclusive sale of Ogen Ltd. and Ogen Holdings Ltd.’s (collectively, “Ogen”) property, which includes a production facility and equipment. A&M has selected the CCX to act as marketing agent to assist in carrying out a court-approved sale and investment solicitation process (the “SISP”). The SISP has been designed to solicit interest in, and opportunities for, a purchase of, or investment in all or part of Ogen’s property.

Sale Package Information:

The Ogen facility is a 57,300 sq. foot, Health Canada licensed production facility on a 2.32-acre lot located at 5430 30th Street SE, Calgary. The facility is newly renovated and equipped with state-of-the-art HVAC, mechanical, lighting, and security systems. Highlights of the facility include over 30 individually secured and environmentally controlled production areas, along with office space and a loading dock. Opportunity for repositioning is created through the available 15,000 kVa incoming power capacity and a convenient location only 15 minutes from the downtown core within Calgary’s Foothills Industrial Park.

In addition to the Ogen facility, there is a diverse range of cannabis production, processing, and packaging equipment. The complete list of equipment is supported by reference photographs categorized by function into saleable buckets.

Ogen’s Health Canada license, under which the production facility operates, can also be transferred as a component of the sale. This license authorizes the holder to conduct activities under both Standard Cultivation and Standard Processing subclasses subject to the conditions stated in the Health Canada Cannabis Act and Cannabis Regulations.

Information regarding the sale package can be found in the Opportunity Summary.

Interested parties who wish to receive additional materials can do so by accessing an exclusively shared data room. Parties are required to execute a Confidentiality Agreement for Data Room Access to gain access, which can be obtained by following the link below or by contacting CCX directly ([email protected]; 587-877-4687).

About Ogen:

Ogen is a pioneering name in the cannabis industry, dedicated to producing premium, high-quality products that redefine the standards of excellence. Ogen filed a Notice of Intention to Make a Proposal on June 26, 2023 pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended. On November 3, 2023, A&M was appointed the receiver and manager of Ogen and its current and future assets, undertakings and properties other than certain excluded assets.

About CCX:

CCX serves as a wholesale distribution channel in the legal Canadian cannabis market, connecting Licensed Producers with buyers and sellers, offering price transparency and standardized supply contract terms. The CCX platform has facilitated transactions exceeding 100,000 kg of flower and extracts with over 600 Canadian Licensed Producers as collaborators.

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