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
39 earlier updates, back to 4 February 2022 — subscribers.
1 filings carry no date on their face — subscribers.
Debtor
Ayanda Cannabis Corporation
Proposal trustee
Richter
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 5 orders, Mar 2022 – Aug 2023 | 285 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Nov 2024 | 176 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 | 10 Aug 2023 | Service list · 10 Aug 2023 |
| CreditorShanil Ramdhany | Cassels Brock & Blackwell LLP | 10 Aug 2023 | Service list · 10 Aug 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 |
2 transactions · 2 approved — the Trustee recommends that the Court grant the Approval and Vesting Order approving the TransactionFirst Report of Richter Advisory Group Inc in its Capacity as Trustee… · 24 Feb 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. Michael Sioen Farms Ltd. paid in full.Motion Record (Returnable December 19, 2023) · 12 Dec 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Michael Sioen Farms Ltd. | — | paid in fullconditional | Under the plansanctionedper the proposal trustee | Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in… · 25 May 2022 |
| 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 trusteefirm not named in the heading | 1 Feb – 20 May 2022 | — | — | not stated | Second Report of Richter Inc. (formerly Richter Advisory Group Inc.) in… · 25 May 2022 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$140K
As at 12 Dec 2023First Report of Richter Inc. – dated December 12, 2023
| 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 | |
Motion Record (Returnable December 19, 2023) – dated December 12, 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 | |
| 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 | |
| Motion Record – (Returnable August 15, 2023) – dated August 4, 2023 | PDF · Subscribers | |
Endorsement of Justice Conway – dated August 14, 2023
| PDF · Subscribers | |
Service List – dated August 10 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 | |
| Motion Record (Returnable June 3, 2022) – dated May 27, 2022 | PDF · Subscribers | |
Order (Proposal Order) -dated June 3, 2022
| PDF · Subscribers | |
Factum of the Proposal Trustee – dated June 1 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 | |
Motion Record (Approval and Vesting Order, Stay Extension and Certain Additional relief) (Returnable March 1, 2022) – dated February 22, 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 | |
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 21 September 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.