Tokyo Smoke Exits CCAA Protection, Strengthens Business While Serving Canadians
- Tokyo Smoke has completed its restructuring and exited Companies’ Creditors Arrangement Act (CCAA) protection.
- Most of Tokyo Smoke's retail locations were not affected by the restructuring.
- On August 28, 2024, Tokyo Smoke filed for CCAA protection to adjust its operations to new market conditions.
Tokyo Smoke Exits CCAA Protection
Tokyo Smoke has completed its restructuring and exited Companies’ Creditors Arrangement Act (CCAA) protection. The Ontario Superior Court of Justice approved this move. The company remains a strong business and continues to employ hundreds of workers across Canada.
Operations Unchanged
Most of Tokyo Smoke’s retail locations were not affected by the restructuring. Customers can shop online and in-store without any changes. The High Roller Club loyalty program will continue as usual.
Background of Restructuring
On August 28, 2024, Tokyo Smoke filed for CCAA protection to adjust its operations to new market conditions. This decision followed a careful evaluation of its business strategies. The court approved a sale process, leading to TS Investments Inc. becoming the successful bidder for the company’s parent.
Future Plans
Tokyo Smoke aims to provide Canadians with high-quality cannabis products. The company will maintain its extensive retail network and online services. It will also continue to educate customers about safe cannabis choices in communities nationwide.
About Tokyo Smoke
Tokyo Smoke is a recognized cannabis retailer. It offers regulated products both online and in physical stores. The company operates numerous locations in Ontario, Manitoba, Saskatchewan, Newfoundland, and Labrador. Customers can learn more or find a store at TokyoSmoke.com.