News

Ayurcann descends into bankruptcy protection

Published on February 13, 2026 by Pat Bulmer

Photo: Contributed

A company that sells cannabis products across the country has gone into bankruptcy protection.

Ayurcann Holdings and its subsidiaries have been granted protection under the Companies’ Creditors Arrangement Act — and will be put up for sale.

“The business operations of the Ayurcann Group are not anticipated to be interrupted as a result of the CCAA proceedings,” the company said in a news release. “It is expected that the Ayurcann Group will emerge from creditor protection as a stronger company with a healthier balance sheet.

“The CCAA proceedings and the stay of proceedings will provide the Ayurcann Group with the time and stability required to continue operating in the ordinary course while considering potential restructuring alternatives,” the Jan. 30 release said.

The company was granted protection for 10 days, which can be extended.

Trading of Ayurcann shares has been stopped.

Toronto-based Ayurcann is big on Cannabis 2.0 (edibles, drinks, vapes) and 3.0 (pharmaceuticals) products. It produces Fuego-brand vapes, pre-rolls and flower, Happy and Stoned vape products, Glow-branded topicals and Xplor pre-rolls and vapes.

Of course, late last year in financial statements, the company was proclaiming how well everything was going: “Ayurcann continues to cement its position as one of the country’s most resilient cannabis companies,” a news release claimed, touting 100% growth for three straight years.

The company declared it was a top-three vape producer in Ontario with a 5% share of the national vape market and 7% share in Ontario. The company said its success in vapes “creates a powerful foundation for growth as we scale aggressively into high-demand pre-rolls and concentrates.”

Now, “the Ayurcann Group intends to seek court approval to launch a sale process for their business and assets.”