Bang Energy Canada ULC

Bang Energy Canada ULC remains in active insolvency proceedings. A Statement of Affairs prepared as at November 15, 2023, and estimated by the officer, puts the company's assets at $465,508.00 CAD against liabilities of $3,540,430.00 CAD, a reported deficiency of $3,074,922.00 CAD. Security held for secured creditors is stated at $0.00 and the secured creditor list is nil, leaving the entire claim pool unsecured. The bulk of that pool is intercompany: VPX Vital Pharmaceuticals Inc., identified as a possible related party and parent, is listed at $3,424,678.00 CAD, with further affiliate claims of $13,943.00 CAD and $5,163.00 CAD. Trade and logistics creditors listed include Wild Flavors, Inc. at $40,481.00 CAD, Intramodal Warehouse Inc. at $18,041.00 CAD and Mitchell Lincoln Packaging Ltd at $12,508.00 CAD.