WABI SABI BRANDS LTD.

On September 7, 2023, Wabi Sabi Brands Ltd. (“Wabi Sabi” or the “Company”) filed a Notice of Intention to Make a Proposal (the “NOI”) under section 50.4(1) of the Bankruptcy and Insolvency Act (“BIA”) and Harris & Partners Inc. (“HPI”) consented to act as the Proposal Trustee.

Wabi Sabi Brands Ltd. was deemed to have filed an assignment on September 18, 2023 and Harris & Partners Inc. was appointed as the Licensed Insolvency Trustee by the official receiver, subject to affirmation by the creditors of the Trustee’s appointment at the First Meeting of Creditors.

On September 22, 2023, Harris & Partners Advisory was appointed as the Receiver (the “Receiver”) of all the assets, undertaking and properties of Wabi Sabi pursuant to an appointment by the secured creditors.