Calgary, Alberta — February 18, 2026 — Leads & Copy — Green Impact Partners Inc. (TSXV: GIP) has announced that the Court of King’s Bench of Alberta has issued an Initial Order under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) for the company and its subsidiaries.
The Initial Order provides a stay of proceedings, which will allow GIP to continue business operations while collaborating with stakeholders to implement a restructuring solution. The solution is intended to preserve enterprise value and maximize outcomes for stakeholders.
Ernst & Young Inc. has been appointed by the Court as monitor (“Monitor”) to oversee the CCAA process, which will allow the company to:
- Remain in possession and control of its assets and operations
- Continue paying employees and ordinary course operating expenses
- Continue supplying customers and operating projects
- Maintain relationships with key suppliers and counterparties
- Develop a plan of compromise or arrangement with creditors
GIP intends to work with the Monitor, its lender, and other stakeholders to evaluate alternatives, including a potential recapitalization and/or transaction process. This process has been previously announced and is ongoing. All staff and GIP’s current directors, Alex, Ahmed and Jesse will remain on. The company anticipates that operations will continue in the ordinary course, and that ongoing projects or customer service will not be interrupted.
The initial order includes a stay of proceedings, preventing creditors from enforcing remedies during the stay period while the transactions are being finalized.
Additional information regarding the CCAA proceedings will be available on the Monitor’s website.
Green Impact Partners Inc. focuses on renewable natural gas (RNG) and bioenergy projects. The company acquires, develops, constructs, and operates facilities that produce energy while reducing waste and lowering emissions. GIP’s approach spans the entire project life cycle, from idea generation through construction to ongoing operations. In addition to RNG and bioenergy projects, GIP maintains a portfolio of water and solids treatment and recycling facilities in Canada, alongside a solids recycling business in the United States.
GIP is traded on the TSX Venture Exchange under the symbol ‘GIP’.
Source: Green Impact Partners Inc.
