2366607 Ontario Inc Alterna Medicinals Canada

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.