Creditors met in the bankruptcy of 2366607 Ontario Inc., with MNP Ltd. acting as trustee under estate file 35-2604000.
Source: Creditor Package
2366607 Ontario Inc., carrying on as Alterna Medicinals Canada, has been in bankruptcy under the Bankruptcy and Insolvency Act in Ontario since January 13, 2020, with MNP Ltd. as trustee under estate file 35-2604000. The Statement of Affairs put total liabilities at $3,481,960, comprising $2,563,467 unsecured and $918,493 secured, with preferred and deemed trust claims nil. Claims received to date total $1,161,079, being $131,586 unsecured and $1,029,493 secured. Daydream Capital Inc. is the only creditor with registered security, holding a charge over security equipment installed at the leased facility and over the cannabis licence application; its loan was originally $2.5 million, of which $750,000 was advanced. Class I inventory is nil and the company owns no real estate. The estate remains active.
Creditors met in the bankruptcy of 2366607 Ontario Inc., with MNP Ltd. acting as trustee under estate file 35-2604000.
Source: Creditor Package
Court officer report filed, fixing the commencement of the proceedings at 09:42 on January 13, 2020.
Source: Certificate of Appointment
A further court officer report of the same date records that Alterna itself made the decision to enter the proceedings on January 13, 2020.
Source: Trustee's Preliminary Report
Debtor
2366607 Ontario Inc Alterna Medicinals Canada
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Daydream Capital Inc.as of Claims received to date — Secured charge over security equipment installed at leased facility and cannabis license application — Statement of Affairs figure was $918,493; claims received to date total $1,029,493. Document states 'there are no creditors with registered security aside from Daydream.' Loan originally $2.5 million, of which $750,000 was advanced. — debtor: 2366607 Ontario Inc. | $1.03M | Trustee's Preliminary Report |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Claims received to date — Statement of Affairs figure was $2,563,467; claims actually received to date total $131,586. Document names no individual creditors. — debtor: 2366607 Ontario Inc. | $132K | Trustee's Preliminary Report |
per Statement of Affairs · 2366607 Ontario Inc. (single entity) — Section D shows Statement of Affairs total liabilities of $3,481,960 (unsecured $2,563,467 + secured $918,493; preferred and deemed trust nil), versus claims received to date totaling $1,161,079 (unsecured $131,586 + secured $1,029,493). No asset totals stated; Class I inventory nil, Class III real estate none owned.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
| ||
Creditor Package
| ||
Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2366607 Ontario Inc Alterna Medicinals Canada” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/2366607-ontario-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2366607-ontario-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.