An unknown buyer entered into a conditionally sale to acquire Maple Ridge Facility of BZAM Ltd. for CAD 4 million on April 7, 2023. The consideration of CAD 4 million is payable 25% in May 2023 and 75% to be paid within one year. BZAM Ltd. had held Maple Ridge Facility for sale as at December 31, 2022. The sale has not closed as the conditions are still to be satisfied. As of May 31, 2023, the transaction is expected to be completed within the next 12 months.

An unknown buyer completed the acquisition of Maple Ridge Facility of BZAM Ltd. on August 9, 2023. In accordance with two purchase and sale agreements between BZAM Ltd and arms-length parties dated on August 1and 4, 2023, total gross proceeds received from the transaction were CAD 3.228 million with 50% of the total net proceeds from the Transaction, after commission and costs. BZAM Ltd completed the sale of the majority of its assets in both its Midway properties in B.C, including all associated lands, support buildings, related equipment and on-site biomass.