Proceedings.

314 Pure Cannabis Ltd.

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Closed
Proceeding
Receivership (court-appointed)section 47(1) of the Bankruptcy and Insolvency Act
File
2301-13557
Filings held27
Last activity6 Nov 2025
On the record1,062 days
Secured debt$6.4M
OverviewSummary updated

314 Pure Cannabis Ltd. is the subject of an active court-appointed receivership in the Court of King's Bench of Alberta, brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries court file number 2301-13557. It commenced on August 20, 2025, the date on which an interim order was pronounced. No further steps appear on the record to date.

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Case updates27 dated entries
Parties

Debtor

314 Pure Cannabis Ltd.

Receiver

Harris & Partners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MarionCourt of King's Bench of Alberta3 orders, Aug 202524 cases on record
Justice NeufeldCourt of King's Bench of Alberta3 orders, May 202428 cases on record
Justice FeasbyCourt of King's Bench of Alberta2 orders, Oct 2023 – Jan 202421 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverHarris & PartnersCassels Brock & Blackwell LLP21 Aug 2025Service list · 21 Aug 2025
PurchaserFirst West Law LLP21 Aug 2025Service list · 21 Aug 2025
Secured creditor1819953 Alberta LtdMLT Aikins LLP21 Aug 2025Service list · 21 Aug 2025
Creditor1998643 Alberta Ltd., known as StigmaBorden Ladner Gervais LLP21 Aug 2025Service list · 21 Aug 2025
CreditorInterestedBurnet Duckworth & Palmer LLP21 Aug 2025Service list · 21 Aug 2025
CreditorSecond Generation Exteriors Contracting IncSquare Law Group LLP21 Aug 2025Service list · 21 Aug 2025
CreditorServus Credit Union (formerly Connect First Credit Union Ltd.)Dentons Canada LLP21 Aug 2025Service list · 21 Aug 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency (CRA) · in 926 casesas of Interim Receivership Date (October 25, 2023) — Relating to excise tax claim; described as 'other significant creditor' (not explicitly secured); deemed trust/excise class. Additional CRA debts (GST, corporate tax) unknown/unquantified per document. — debtor: 314 Pure Cannabis Ltd.$861KFirst Report of the Interim Receiver (dated December 18, 2023)
4SecuredConnect First Credit Union (CFCU) · in 3 casesas of Interim Receivership Date (October 25, 2023) — Most significant secured creditor; approximate figure stated — debtor: 314 Pure Cannabis Ltd.$6.4MFirst Report of the Interim Receiver (dated December 18, 2023)

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

Sale processAs stated in the filings
RecoveriesAs stated in the filings

Connect First Credit Union: a distribution.Second Report of the Receiver (April 22, 2024) · 22 Apr 2024

ClassCreditorClaimsRecoveryBasisSource
SecuredConnect First Credit Uniona distributioninterimconditionalper the receiverSecond Report of the Receiver (April 22, 2024) · 22 Apr 2024

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Fees and ratesAs stated in the filings

2 engagements · 2 firmslatest: Cassels Brock & Blackwell LLP, 26 Oct 2023 – 31 Mar 2024, $46,632.00 soughtSecond Report of the Receiver (April 22, 2024) · 22 Apr 2024

FirmPeriodHoursFeesRatesSource
Cassels Brock & Blackwell LLPCounsel to the lender26 Oct 2023 – 31 Mar 2024Sought$46,632.00ex. taxnot statedSecond Report of the Receiver (April 22, 2024) · 22 Apr 2024
Harris & Partners Inc.Receiver26 Oct 2023 – 31 Mar 2024Sought$116,721.00ex. taxnot statedSecond Report of the Receiver (April 22, 2024) · 22 Apr 2024
Documents
27 filings
DateDocumentFile
Preliminary Report (November 6, 2025)PDF
314 Pure Cannabis Ltd.- Creditor Notice (November 3, 2025)PDF
Approval and Vesting Order (August 21, 2025)
  • Presiding officer Justice Marion
PDF
Discharge Order (August 21, 2025)
  • Commencement date 20 August 2025
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Court file no 2301-13557
  • Presiding officer Justice Marion
PDF
Sealing Order (August 21, 2025)
  • Presiding officer Justice Marion
PDF
Service List re: Discharge Order, Approval and Vesting Order, and Sealing Order (August 21, 2025)
  • Counsel Square Law Group
PDF
Approval and Vesting Order (May 1, 2024)
  • Presiding officer Justice R.A. Neufeld
PDF
Order Approving Receiver’s Conduct, Fees etc. (May 1, 2024)
  • Presiding officer Justice R.A. Neufeld
PDF
Sealing Order (May 1, 2024)
  • Presiding officer Justice R.A. Neufeld
PDF
Application - SAVO, Approval of Fees etc. (April 22, 2024)
  • Recovery outcome Entries: per unstated · Table missing:
PDF
Second Report of the Receiver (April 22, 2024)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $5.86K · Label: GST · Quote: 5,862.62 · Fees: $117K · Quote: 116,721.00 · Total: $123K · Quote: 123,118.83 · includes tax · includes disbursements · Approximate: false · Disbursements: $535 · Quote: 535.21 · Period: End: 2024-03-31 · Kind: invoice · Label: Interim Period Billings · Quote: October 26, 2023 to March 31, 2024 · Start: 2023-10-26 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 1639 · Fees: 32338 · Quote: October 16, 2023 to November 30, 2023 · Total: 34423 · Period end: 2023-11-30 · Period start: 2023-10-16 · Disbursements: 446; Tax: 703.5 · Fees: 14070 · Quote: December 1, 2023 to January 10, 2024 · Total: 14773.5 · Period end: 2024-01-10 · Period start: 2023-12-01; Tax: 1341.38 · Fees: 26827.5 · Quote: Janaury 11, 2024 to January 31, 2024 · Total: 28168.88 · Period end: 2024-01-31 · Period start: 2024-01-11; Tax: 1039.5 · Fees: 20790 · Quote: February 1, 2024 to February 29, 2024 · Total: 21829.5 · Period end: 2024-02-29 · Period start: 2024-02-01; Tax: 1139.24 · Fees: 22695.5 · Quote: March 1, 2024 to March 31, 2024 · Total: 23923.95 · Period end: 2024-03-31 · Period start: 2024-03-01 · Disbursements: 89.21 · Firm text: Harris & Partners Inc. · Firm quote: HARRIS & PARTNERS INC., in its capacity as Courtappointed Receiver of 314 PURE CANNABIS LTD. · Context quote: HARRIS & PARTNERS INC., in its capacity as Courtappointed Receiver of 314 PURE CANNABIS LTD.; Form: invoice_listing · Rows: · Money: Tax: $2.35K · Label: GST · Quote: 2,347.08 · Fees: $46.6K · Quote: 46,632.00 · Total: $49.6K · Quote: 49,564.04 · includes tax · includes disbursements · Approximate: false · Disbursements: $585 · Quote: 584.96 · Period: End: 2024-03-31 · Kind: invoice · Label: Interim Period Billings · Quote: October 26, 2023 to March 31, 2024 · Start: 2023-10-26 · Approval: Quote: Invoices Subject to Court Approval · State: sought · Averages: · Currency: · Invoices: Tax: 250.53 · Fees: 4975.5 · Quote: September 15, 2023 to October 31, 2023 · Total: 5269.03 · Period end: 2023-10-31 · Period start: 2023-09-15 · Disbursements: 43; Tax: 106.4 · Fees: 2128 · Quote: November 1, 2023 to November 30, 2023 · Total: 2234.4 · Period end: 2023-11-30 · Period start: 2023-11-01; Tax: 159.88 · Fees: 3197.5 · Quote: December 1, 2023 to December 31, 2023 · Total: 3377.38 · Period end: 2023-12-31 · Period start: 2023-12-01 · Disbursements: 20; Tax: 1024.58 · Fees: 20340.5 · Quote: January 1, 2024 to January 31, 2024 · Total: 21709.76 · Period end: 2024-01-31 · Period start: 2024-01-01 · Disbursements: 344.68; Tax: 580.66 · Fees: 11490 · Quote: February 1, 2024 to February 29, 2024 · Total: 12247.94 · Period end: 2024-02-29 · Period start: 2024-02-01 · Disbursements: 177.28; Tax: 225.03 · Fees: 4500.5 · Quote: March 1, 2024 to March 31, 2024 · Total: 4725.53 · Period end: 2024-03-31 · Period start: 2024-03-01 · Firm text: Cassels Brock & Blackwell LLP · Firm quote: Summary of Receiver's Counsel's Fees and Disbursements ("Interim Period Billings") · Context quote: CASSELS BROCK & BLACKWELL LLP Suite 3810, Bankers Hall West 888 3 rd Street SW Calgary, AB T2P 5C5
  • Recovery outcome Entries: per unstated · Stated on: 2024-04-22 · Table missing:
PDF
Bid Letter (February 13, 2024)PDF
Sale Process Procedures (February 9, 2024)
  • Bid deadline 29 March 2024
  • Phase1 deadline 15 March 2024
PDF
Teaser (February 9, 2024)PDF
Sales Process Order (February 8, 2024)
  • Presiding officer Justice J.T. Neilson
PDF
Affidavit of Emma Nowlan (February 7, 2024)PDF
Application - Sales Process (January 30, 2024)PDF
First Report of the Receiver (January 29, 2024)PDF
Notice of Statement of Receiver (January 17, 2024)PDF
FIAT (January 11, 2024)
  • Presiding officer Justice C. Feasby
PDF
Receivership Order (January 11, 2024)PDF
Affidavit of Craig Zaychkowsky (December 20, 2023)PDF
Application (December 20, 2023)PDF
First Report of the Interim Receiver (dated December 18, 2023)
  • Secured creditors $861K · Note: Relating to excise tax claim; described as 'other significant creditor' (not explicitly secured); deemed trust/excise class. Additional CRA debts (GST, corporate tax) unknown/unquantified per document. · Page: 6 · As of: Interim Receivership Date (October 25, 2023) · Debtor: 314 Pure Cannabis Ltd. · Creditor: Canada Revenue Agency (CRA)
PDF
Interim Receivership Order (October 25, 2023)
  • Applicant Connect First Credit Union Ltd.
  • Appointee Harris & Partners Inc.
  • Appointee role Interim Receiver
  • Commencement date 25 October 2023
  • + 4 more extracted facts
PDF
Application - Interim Receivership (October 20, 2023)
  • Secured creditors $6.36M · Note: Stated as 'only secured creditor of 314 Pure'; amount plus accrued and accruing interest, costs and expenses (solicitor and own client, full indemnity basis) · Page: 2 · As of: 2023-09-30 · Debtor: 314 Pure Cannabis Ltd. · Creditor: Connect First Credit Union Ltd. (CFCU) · Security: GSA and first charge Mortgage over the Lands; registered in PPSA registries in Alberta, British Columbia, Saskatchewan and Ontario
PDF
Affidavit of Craig Zaychkowsky (October 17, 2023)
  • Secured creditors $6.36M · Note: Affidavit states 'CFCU appears to be the only secured creditor of 314 Pure' (para 12, p.3). Total indebtedness broken down as: Mortgage-Principal $5,169,679.85, Interest Outstanding $134,687.87, Per Diem (as of Sept 2, 2023) $644.44, Authorized Overdraft $1,002,418.05, Letter of Credit $50,000.00; Legal Costs 'to be determined' (TBD, not included in total). A prior demand letter dated September 14, 2023 (Exhibit K) stated a slightly lower indebtedness of $6,339,676.47 as of that date (Mortgage-Principal $5,169,634.85, Interest $124,375.75, Per Diem $644.43, Overdraft $995,665.87, LC $50,000.00) plus accruing interest/costs. · Page: 4 · As of: 2023-09-30 · Debtor: 314 Pure Cannabis Ltd. · Creditor: Connect First Credit Union Ltd. (CFCU) · Security: General Security Agreement (June 29, 2021) - all present and after-acquired personal property, registered in PPR of AB, BC, SK, ON; Collateral Mortgage (June 29, 2021) registered as first charge over the Lands (originally Plan 1113727 Block 1 Lots 10-14, later subdivided) in the principal/registration amount of $7,000,000.00 (mortgage registered at 15.00% interest but committed rate is 4.55% per Commitment Letter); Assignment of Leases and Rents (June 29, 2021) over the Lands; Environmental Indemnity Agreement (June 29, 2021)
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “314 Pure Cannabis Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/314-pure-cannabis-ltd

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/314-pure-cannabis-ltd

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.