Proceedings.

2366607 Ontario Inc Alterna Medicinals Canada

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Active
Proceeding
BankruptcyBankruptcy and Insolvency Act
File
35-2604000
Filings held3
Last activity13 Jan 2020
On the record2,443 days
Secured debt$1.03M
OverviewSummary updated

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.

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Case updates3 dated entries
#Claims

Creditors met in the bankruptcy of 2366607 Ontario Inc., with MNP Ltd. acting as trustee under estate file 35-2604000.

Source: Creditor Package

Parties

Debtor

2366607 Ontario Inc Alterna Medicinals Canada

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredDaydream 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.$1.03MTrustee's Preliminary Report
8UnsecuredUnsecured 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.$132KTrustee's Preliminary Report
Estate financialsReported figures — never derived
Total liabilities at filing$3.48M

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.

Documents3 filings
DateDocumentFile
Trustee's Preliminary Report
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 13 January 2020
  • Court file no 35-2604000
  • + 6 more extracted facts
PDF
Creditor Package
  • Commencement date 13 January 2020
  • Court file no 35-2604000
  • Province Ontario
PDF
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 13 January 2020
  • Court file no 35-2604000
  • + 1 more extracted fact
PDF

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.