Prime drink group provides an update to its subsidiary restructuring

Montreal, april 07, 2025 (globe newswire) -- prime drink group corp. (cse: prme) (“prime” or the “company”) announces that further to the termination of the forbearance agreements roynat inc. (“roynat”), financement agricole canada (“fac”) and banque canadienne impÉriale de commerce (“cibc” and together with roynat and fac, the “creditors”) “principal creditors” have filed an application pursuant to section 243 of the bankruptcy and insolvency act (canada) with the superior court, district of montrÉal (the “application”), to have a receiver appointed with respect to the assets of prime's wholly-owned subsidiary, triani canada inc (“triani”).
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