Core Viewpoint - SRx Health Solutions, Inc. announced that its subsidiary, SRx Health Solutions (Canada), Inc., has obtained an Initial Order under the Companies' Creditors Arrangement Act in Canada, allowing for restructuring and financing to stabilize operations and explore potential sales of its business or assets [1][2]. Group 1: Initial Order and CCAA Proceedings - The Ontario Superior Court of Justice granted an Initial Order for SRx Canada under the CCAA, enabling the company to restructure its operations [1][2]. - The Initial Order includes a stay of proceedings in favor of SRx Canada and the appointment of Grant Thornton Limited as the Monitor [6]. Group 2: Financing and Operations - SRx Canada has secured debtor-in-possession (DIP) financing of up to $1,750,000, which will be used for working capital needs and to support ongoing operations during the restructuring process [2][6]. - The DIP financing is expected to provide the necessary time and stability for SRx Canada to complete a Sale Process, which may involve selling all or substantially all of its business or assets [2]. Group 3: Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating across all ten provinces and focusing on specialty healthcare services [4]. - The company combines industry knowledge, technology, and a patient-centric approach to enhance patient care and wellness initiatives in Canada [4].