2339366 Ontario Inc

2339366 Ontario Inc. entered court-appointed receivership on September 9, 2025, by order of the Ontario Superior Court of Justice, on the application of Royal Bank of Canada under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Grant Thornton Limited was appointed receiver. RBC, under a general security agreement dated March 20, 2024, reported total indebtedness of $1,914,650.39 as of July 2, 2025, across a $2,000,000.00 revolving demand facility, a $206,726.00 non-revolving term facility, a $700,000.00 revolving lease line, and $100,000.00 in business credit cards. Toronto-Dominion Bank, Accord Small Business Finance Corp. and Arundel Capital Corporation also hold PPSA registrations against the company, the last shared with related entity 2618018 Ontario Inc. Cooper Equipment Rentals Limited holds a writ against the company for $82,443.00, registered July 5, 2023.