Proceedings.

2690044 Ontario Inc.

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Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Ontario Superior Court of Justice
File
CV-25-00749165-00CL
Filings held20
Last activity10 Nov 2025
On the record450 days
Secured debtSubscribers
OverviewSummary updated

2690044 Ontario Inc. is subject to CCAA proceedings before the Ontario Superior Court of Justice, commenced August 12, 2025. Justice Cavanagh and Justice Kimmel have presided over the matter, which remains active in Ontario.

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Case updates21 dated entries
#Order

The court approved a sale and investment solicitation process. A bid deadline of 2025-09-24.

Source: SISP Order

#Order

2690044 Ontario Inc. — CCAA filed, Ontario.

Parties

Debtor

2690044 Ontario Inc.

Applicant

1001180045 Ontario Inc.,Kanterra Science Inc.

Monitor

Crowe Soberman

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice4 orders, Aug 2025 – Nov 2025318 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Oct 2025198 cases on record
Justice DietrichOntario Superior Court of Justice2 orders, Aug 2025132 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorCrowe SobermanMiller Thomson LLP8 Oct 2025Order · 8 Oct 2025
Applicant1001180045 Ontario Inc.,Kanterra Science Inc.Blaney McMurtry LLP11 Aug 2025Application · 11 Aug 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredNWN Financing (US) Inc.Per Note 1: 2690044 Ontario Inc. owes this debt to NWN Financing (US) Inc.; Savent Financial LLC has provided a guarantee for the same debt. Both entities listed for the same amount but only one payment required. — debtor: 2690044 Ontario Inc. · as of 12 Aug 2025$6.6MCreditors List
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

7 more claims in 2 classes The stack holds Secured and Unsecured claims.

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Sale processAs stated in the filings

2 transactions · 2 proposed — The Court approved the stalking horse subscription agreement and the reverse vesting Transaction; closing is subject to delivery of the Monitor's Closing Certificate.Approval and Reverse Vesting Order · 8 Oct 2025

Bid deadline (round closed)

24 September 2025

Sales Teaser

Stalking horse

1001180045 Ontario Inc. and Kanterra Science Inc.

Approval and Reverse Vesting Order

PurchaserPriceStatusSource
nominee to be incorporated on behalf of 1001180045 Ontario Inc. and Kanterra Science Inc.; stalking horse bid, subject to SISPStalking horse100 newly-issued common shares of the Debtor (the 'Purchased Shares'), with cancellation of all Existing Shares · share subscription · nominee/assignee: A nominee to be incorporated on behalf of 1001180045 ONTARIO INC. and KANTERRA SCIENCE INC. · agreement 19 Aug 2025SubscribersProposedStalking Horse Subscription Agreement
1001180045 Ontario Inc. and Kanterra Science Inc.Stalking horsenewly issued shares of the Debtor, subscribed to and purchased free and clear of all encumbrances · share subscription · nominee/assignee: their nominee · ResidualCo: 1001379021 Ontario Inc. · agreement 19 Aug 2025SubscribersProposedoutside 24 Oct 2025SISP Order
Closing termsClosing occurs upon delivery of the Monitor's Closing Certificate; steps occur in sequence at the Closing Time, and the Closing Payment is paid to the Monitor on or prior to the Closing Date.Approval and Reverse Vesting Order
Documents
20 filings
DateDocumentFile
Order
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Third Report to The Court of the Proposed MonitorPDF · Subscribers
Approval and Reverse Vesting Order
  • Closing terms Closing occurs upon delivery of the Monitor's Closing Certificate; steps occur in sequence at the Closing Time, and the Closing Payment is paid to the Monitor on or prior to the Closing Date.
  • Counsel Miller Thomson LLP
  • Order date 8 October 2025
  • Presiding officer Justice Kimmel
  • + 3 more extracted facts
PDF · Subscribers
Endorsement of Justice Kimmel
  • Presiding officer Justice Kimmel
PDF · Subscribers
Motion Records - MonitorPDF · Subscribers
Second Report to The Court of the Proposed MonitorPDF · Subscribers
Stalking Horse Subscription Agreement
  • Closing terms Closing Date is ten (10) days (or such shorter period as the Purchaser determines) after the Article 8 conditions are satisfied or waived; Closing Time 12:01 a.m. Toronto time
  • Outside date 24 October 2025
  • Purchaser nominee to be incorporated on behalf of 1001180045 Ontario Inc. and Kanterra Science Inc.; stalking horse bid, subject to SISP (stalking horse) · nominee/assignee A nominee to be incorporated on behalf of 1001180045 ONTARIO INC. and KANTERRA SCIENCE INC. · 100 newly-issued common shares of the Debtor (the 'Purchased Shares'), with cancellation of all Existing Shares · share subscription · proposed
  • Residualco ResidualCo
  • + 2 more extracted facts
PDF · Subscribers
Sales Teaser
  • Bid deadline 24 September 2025
  • Sale outcome Sale process approved — Monitor-run SISP approved by the Court on August 20, 2025; Stalking Horse Agreement entered into; bids invited by September 24, 2025.
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Amended Restated Initial Order
  • Applicant 1001180045 Ontario Inc. and Kanterra Science Inc.
  • Counsel Blaney McMurtry LLP
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-25-00749165-00CL
  • + 2 more extracted facts
PDF · Subscribers
Endorsement of Justice Cavanagh
  • Presiding officer Justice Cavanagh
PDF · Subscribers
SISP Order
  • Bid deadline 24 September 2025
  • Counsel Blaney McMurtry LLP
  • Order date 20 August 2025
  • Break fee Subscribers
  • + 5 more extracted facts
PDF · Subscribers
First Report to The Court of the Proposed MonitorPDF · Subscribers
Motion Record of the ApplicantsPDF · Subscribers
Creditors List
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to Creditors
PDF · Subscribers
Initial Order
  • Applicant 1001180045 Ontario Inc. and Kanterra Science Inc.
  • Appointee Crowe Soberman Inc.
  • Appointee role Monitor
  • Counsel Blaney McMurtry LLP
  • + 5 more extracted facts
PDF · Subscribers
Initial Order Endorsement
  • Applicant 1001180045 Ontario Inc. and Kanterra Science Inc.
  • Appointee Crowe Soberman Inc.
  • Appointee role Monitor
  • Commencement date 12 August 2025
  • + 4 more extracted facts
PDF · Subscribers
Pre-filing Report of the Proposed MonitorPDF · Subscribers
Factum of the Applicants
  • Counsel Blaney McMurtry LLP
PDF · Subscribers
Supplementary Application Record of the Applicants
  • Counsel Blaney McMurtry LLP
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “2690044 Ontario Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2690044-ontario-inc

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Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/2690044-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.