Ayanda Cannabis Corporation filed a notice of intention under section 50.4(1) of the Bankruptcy and Insolvency Act, before the Ontario Superior Court of Justice under court file number 35-2802344. Richter Advisory Group Inc. is the Licensed Insolvency Trustee. The notice of intention is dated February 4, 2022 and the proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The court granted an approval and vesting order for the sale to 1001010496 Ontario Inc. Sealed: offer summary, unredacted copy of the APA, unredacted copy of the minutes of the Tenth Meeting of the Inspectors.
Source: Approval and Vesting Order – dated November 18, 2024
Motion Record (Returnable November 4, 2024) -dated October 24, 2024 — Application / notice of application
The officer filed report no. First Report. Ayanda has ceased operations, has no employees, and its bankrupt estate's only remaining realizable assets are the Ground Lease/Facility and equipment; the Bankruptcy Trustee has conducted a sale process for these assets and negotiated an asset purchase agreement with a new purchaser.
Source: First Report of Richter Inc. – dated December 12, 2023
Motion Record (Returnable December 19, 2023) – dated December 12, 2023 — Application / notice of application
Notice of Bankruptcy, First Meeting of Creditors – dated August 31, 2023 — Notice to creditors
Supplementary Third Report of the Proposal Trustee (final with appendices) – dated August 23, 2023 — Court officer report
Motion Record – (Returnable August 15, 2023) – dated August 4, 2023 — Application / notice of application
Motion Record (Returnable June 3, 2022) – dated May 27, 2022 — Application / notice of application
Notice of Hearing of Application for Court Approval of Proposal – dated May 19, 2022 — Notice of hearing
The court granted an approval and vesting order for the sale to 12830353 Canada Inc. Closing terms, as extracted: Closing occurs upon delivery of the Proposal Trustee's Certificate confirming satisfaction or waiver of closing conditions.
Source: Order (Approval and Vesting Order) – dated March 1, 2022
Motion Record (Approval and Vesting Order, Stay Extension and Certain Additional relief) (Returnable March 1, 2022) – dated February 22, 2022 — Application / notice of application
The notice of intention was filed on February 4, 2022.
Source: Certificate of filing of a Notice of Intention to make a Proposal – dated February 4, 2022
Debtor
Ayanda Cannabis Corporation
Proposal trustee
Richter
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 6 orders, Mar 2022 – Aug 2023 | 310 cases on record |
| Justice Black | Ontario Superior Court of Justice | 3 orders, Nov 2024 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeRichter | Thornton Grout Finnigan LLP | 1 Jun 2022 | Factum · 1 Jun 2022 |
| DebtorAyanda Cannabis Corporation | Miller Thomson LLP | 1 Mar 2022 | Service list · 10 Aug 2023 |
| CreditorBankruptcy Richter Inc | Thornton Grout Finnigan LLP | 18 Nov 2024 | Order · 18 Nov 2024 |
| CreditorShanil Ramdhany | Cassels Brock & Blackwell LLP | 10 Aug 2023 | Service list · 10 Aug 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Vachaei Sioen Farms Ltd.Related party (Sioen family entity); listed as secured creditor per Form 78 List 'A'/'B'; balance of secured claim also reflected as balance of claim in unsecured creditor list. — debtor: Ayanda Cannabis Corporation · as of 25 Aug 2023 | $500K | Notice of Bankruptcy, First Meeting of Creditors – dated August 31, 2023 |
| 4 | Secured | |||
| 6 | Landlord preferred | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 more claims in 3 classes The stack holds Secured, Landlord preferred and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 approved — Transaction approved by court order on March 1, 2022, pending Health Canada approval and other closing conditionsReport of the Proposal Trustee on the Financial Situation of the Debtor… · 29 Apr 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 12830353 Canada Inc.the New Common Shares · share sale · nominee/assignee: its assignee · ResidualCo: ResidualCo · agreement 2 Feb 2022 | Subscribers | Approved1 Mar 2022 | Order (Approval and Vesting Order) – dated… |
| 1001010496 Ontario Inc.the Purchased Assets · asset sale · agreement 17 Sep 2024 | Sealed | Approved18 Nov 2024 | Approval and Vesting Order – dated November 18,… |
Unsecured creditors: paid in full.Motion Record (Returnable December 19, 2023) · 12 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Ayanda's proven unsecured creditors | — | paid in fullconditional | per the trustee | Motion Record (Returnable December 19, 2023) · 12 Dec 2023 |
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.
2 engagements · 2 firms — latest: Richter Inc., 1 Feb – 20 May 2022Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in… · 25 May 2022
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Richter Inc.Proposal trustee | 1 Feb – 20 May 2022 | — | — | Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in… · 25 May 2022 | |
| Thornton Grout Finnigan LLPCounsel to the trustee | 1 Feb – 20 May 2022 | — | — | not stated | Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in… · 25 May 2022 |
1 blurred figure above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$140K
As at 30 Nov 2023First Report of Richter Inc. – dated December 12, 2023
Professional fees
As at
1 more reported figure, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order – dated November 18, 2024
| PDF · Subscribers | |
Approval and Vesting Order – dated November 18, 2024
| PDF · Subscribers | |
Endorsement of Justice Black – dated November 18, 2024
| PDF · Subscribers | |
| Motion Record (Returnable November 4, 2024) -dated October 24, 2024 | PDF · Subscribers | |
Counsel/Endorsement Slip – dated December 19, 2023
| PDF · Subscribers | |
Factum of the Bankruptcy Trustee – dated December 17, 2023
| PDF · Subscribers | |
First Report of Richter Inc. – dated December 12, 2023
| PDF · Subscribers | |
Motion Record (Returnable December 19, 2023) – dated December 12, 2023
| PDF · Subscribers | |
| Trustee’s Report to the First Meeting of Creditors on Preliminary Administration – dated September 14, 2023 | PDF · Subscribers | |
Notice of Bankruptcy, First Meeting of Creditors – dated August 31, 2023
| PDF · Subscribers | |
| Certificate of Assignment | PDF · Subscribers | |
Endorsement of Justice Conway – dated August 25, 2023
| PDF · Subscribers | |
Order – dated August 25 2023
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Supplementary Third Report of the Proposal Trustee (final with appendices) – dated August 23, 2023 | PDF · Subscribers | |
Endorsement of Justice Conway – dated August 14, 2023
| PDF · Subscribers | |
Service List – dated August 10 2023
| PDF · Subscribers | |
| Motion Record – (Returnable August 15, 2023) – dated August 4, 2023 | PDF · Subscribers | |
| Third Report of Richter Inc. – dated August 4, 2023 | PDF · Subscribers | |
Material Adverse Change Report – dated July 18, 2023
| PDF · Subscribers | |
Notice requiring person to prove claim – dated June 8, 2022
| PDF · Subscribers | |
| Endorsement of Justice Conway- dated June 3, 2022 | PDF · Subscribers | |
Order (Proposal Order) -dated June 3, 2022
| PDF · Subscribers | |
Factum of the Proposal Trustee – dated June 1 2022
| PDF · Subscribers | |
| Motion Record (Returnable June 3, 2022) – dated May 27, 2022 | PDF · Subscribers | |
Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in its capacity as Trustee – dated May 25, 2022
| PDF · Subscribers | |
| Update to the Notice of Hearing of Application for Court Approval of Proposal – dated May 25, 2022 | PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval of Proposal – dated May 19, 2022 | PDF · Subscribers | |
| Amended Certificate Of Filing – dated May 16, 2022 | PDF · Subscribers | |
| Amended Proposal – dated May 9, 2022 | PDF · Subscribers | |
| Registration Form | PDF · Subscribers | |
Notice of Proposal to Creditors – dated April 29, 2022
| PDF · Subscribers | |
Report of the Proposal Trustee on the Financial Situation of the Debtor and the Proposal – dated April 29, 2022
| PDF · Subscribers | |
| Certificate of Filing a Proposal – dated April 19, 2022 | PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
| Endorsement – dated March 1, 2022 | PDF · Subscribers | |
Order (Approval and Vesting Order) – dated March 1, 2022
| PDF · Subscribers | |
Order (Approval of Interim Financing, Administration Charge and Stay Extension) – dated March 1, 2022
| PDF · Subscribers | |
First Report of Richter Advisory Group Inc in its Capacity as Trustee under the Notice of Intention to Make a Proposal – dated February 24, 2022
| PDF · Subscribers | |
Motion Record (Approval and Vesting Order, Stay Extension and Certain Additional relief) (Returnable March 1, 2022) – dated February 22, 2022
| PDF · Subscribers | |
Notice of Intention to Make a Proposal – dated February 11, 2022
| PDF · Subscribers | |
Certificate of filing of a Notice of Intention to make a Proposal – dated February 4, 2022
| PDF · Subscribers | |
| Registration Form for the First Meeting of Creditors | 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., “Ayanda Cannabis Corporation” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/ayanda-cannabis-corporation
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/ayanda-cannabis-corporation
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.