Proceedings.

Beleave Inc.

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Proceeding
CCAAsection 49 of the Bankruptcy and Insolvency Act
Court
Ontario Superior Court of Justice
File
CV-20-00642097-00CL
Filings held63
Last activity5 Feb 2021
On the record2,299 days
OverviewSummary updated

Beleave Inc., together with Beleave Kannabis Corp., Seven Oaks Inc., 9334416 Canada Inc. o/a Medi-Green and My-Grow, Beleave Kannabis Abbotsford Inc. and Beleave Kannabis Chilliwack Inc., obtained CCAA protection under an initial order of Justice Conway of the Ontario Superior Court of Justice (Commercial List), dated June 5, 2020 (court file CV-20-00642097-00CL), with Grant Thornton Limited appointed Monitor under the Companies' Creditors Arrangement Act. Grant Thornton Limited also acted as trustee in the bankruptcy of 2775965 Ontario Inc., recorded at 14:36 on January 19, 2021 under section 49 of the Bankruptcy and Insolvency Act; its Statement of Affairs reported total assets of $25,000.00 against total liabilities of $3,294,010.38, a stated deficiency of $3,269,010.38.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Proceedings AIAsk this case — answers cite the filings
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Case updates60 dated entries · 3 undated

57 earlier updates, back to 5 June 2020 — subscribers.

Undated filings3 — no date appears on the document · show

3 filings carry no date on their face — subscribers.

Parties

Debtor

Beleave Inc.

Monitor

Doane Grant Thornton

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
UnsecuredNeptune Wellness Solutionsdebtor: 2775965 Ontario Inc. · as of 15 Dec 2020$835KStatement of Affairs.pdf

138 more claims across lower-ranking classes

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Sale processAs stated in the filings

11 transactions · 4 proposed · 3 closed · 2 approved · 2 not completed — The primary sale included the acquisition of the Beleave Kannabis Corp. assets and the 9334416 Canada Inc. o/a Medigreen and MyGrow privately held subsidiary, and the sale value obtained was not sufficient to cover all of the Beleave Group's operationsTrustee's Preliminary Report.pdf · 5 Feb 2021

Parties solicited

46

Monitor's Second Report dated June 25, 2020.PDF

Bid deadline (round closed)

4 August 2020

Stalking Horse Sales Process and Stalking Horse APA…

Stalking horse

Named

Sixth Report of the Monitor dated November 27, 2020.PDF

PurchaserPriceStatusSource
Stalking Horse Purchaser under the Stalking Horse Purchase AgreementStalking horseall or substantially all of the Vendors' assets · asset salenot statedApprovedMonitor's Second Report dated June 25, 2020.PDF
proposed purchaser of the London Property, unnamedthe London Property · real property · agreement 22 Jun 2020SubscribersProposedMonitor's Second Report dated June 25, 2020.PDF
Wayne Patrick Consumer Products Ltd.Stalking horsesubstantially all of Beleave Parent's assets · asset sale · agreement 8 Sep 2020SubscribersProposedFourth Report of the Monitor dated September…
Wayne Patrick Consumer Products Ltd.Stalking horseall of the issued and outstanding shares of Beleave Parent's subsidiary 933 · share sale · agreement 8 Sep 2020SubscribersProposedFourth Report of the Monitor dated September…
Wayne Patrick Consumer Products Ltd.Stalking horseall of the issued and outstanding shares of BKC · share sale · agreement 8 Sep 2020SubscribersProposedFourth Report of the Monitor dated September…
1178647 B.C. Ltd.retail cannabis license (SK Store) in Lloydminster, Saskatchewan · asset salenot statedNot completeddate not statedFifth Report of the Monitor dated October 29,…
referred to only as 'the Purchaser'; not named in the excerpted textsubstantially all of the Beleave Group's assets, including certain share purchase agreements relating to the shares of BKC and 933 · assets and shares · agreement 8 Sep 2020SubscribersApprovedFifth Report of the Monitor dated October 29,…
unnamedsale transaction between the Beleave Group and the Purchaser as approved by the Court on September 18, 2020not statedNot completeddate not statedFifth Report of the Monitor dated October 29,…
referred to only as 'the Purchaser' under the Court-approved APAsubstantially all of the Initial Applicants' assets · assets and shares · agreement 8 Sep 2020not statedClosedSixth Report of the Monitor dated November 27,…
unnamedthe Transaction between the Initial Applicants and the Purchasernot statedClosed6 Nov 2020Sixth Report of the Monitor dated November 27,…
Hegedus Consulting Services Inc.Stalking horsethe Purchased Assets · asset sale · agreement 4 Jun 2020SubscribersClosed26 Nov 2020Sixth Report of the Monitor dated November 27,…
AdvisorsColliers (listing broker)Monitor's Second Report dated June 25, 2020.PDF
RecoveriesAs declared or paid

Unsecured creditors: not yet estimated. Voskamp Greenhouses Inc. a distribution.Trustee's Preliminary Report.pdf · 5 Feb 2021

ClassCreditorClaimsRecoveryBasisSource
Securedthe Beleave Group's primary secured creditors (mortgagees of the London Property and general security registration holders)—paid in fullFinalper the monitorFourth Report of the Monitor dated September 17, 2020.PDF · 17 Sep 2020
SecuredVoskamp Greenhouses Inc.—a distributionconditionalEstimatedper the monitorMonitor's Third Report · 19 Aug 2020
Unsecuredremaining creditors—not yet estimatedconditionalper the trusteeTrustee's Preliminary Report.pdf · 5 Feb 2021

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 stated figures across 3 outcomes, each sourced

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Fees and ratesAs stated in the filings

4 engagements · 1 firm — latest: Fasken Martineau DuMoulin LLP, 20 Oct – 27 Nov 2020Sixth Report of the Monitor dated November 27, 2020.PDF · 27 Nov 2020

FirmPeriodHoursFeesRatesSource
Fasken Martineau DuMoulin LLPCounsel to the monitorperiod 4 of 420 Oct – 27 Nov 2020Sought•••••••••3 peopleSixth Report of the Monitor dated November 27, 2020.PDF · 27 Nov 2020
Fasken Martineau DuMoulin LLPCounsel to the monitorperiod 2 of 410 Aug – 20 Oct 2020•••—•••Fifth Report of the Monitor dated October 29, 2020.PDF · 29 Oct 2020
Fasken Martineau DuMoulin LLPCounsel to the monitorperiod 1 of 415 May – 10 Aug 2020Sought•••••••••8 peopleMonitor's Third Report · 19 Aug 2020
Fasken Martineau DuMoulin LLPCounsel to the monitorperiod 1 of 4—•••••••••8 peopleSixth Report of the Monitor dated November 27, 2020.PDF · 27 Nov 2020

79 stated figures across 4 engagements, each sourced

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
63 filings
DateDocumentFile
Notice to Shareholders – Disposition of Securities.pdfPDF · Subscribers
Notice of Bankruptcy.pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment.pdf
  • Appointee GRANT THORNTON LIMITED
  • Appointee role trustee
  • Commencement date 19 January 2021
  • Court file no 32-2704745
  • + 1 more extracted fact
PDF · Subscribers
Notice to Creditors - Claims relating to Beleave Kannabis Corp..pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Statement of Affairs.pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice of Monitor's Certificate - December 3, 2020.pdfPDF · Subscribers
Endorsement, Conway, J. (November 30, 2020).PDFPDF · Subscribers
Motion Record of the Applicants (Returnable November 30, 2020).PDFPDF · Subscribers
Order of the Court dated November 30, 2020.PDFPDF · Subscribers
Sixth Report of the Monitor dated November 27, 2020.PDF
  • Closing confirmed Closed · 6 Nov 2020; Did not complete · 26 Nov 2020
  • Purchaser referred to only as 'the Purchaser' under the Court-approved APA · substantially all of the Initial Applicants' assets · assets and shares · closed; interested party in proposed sale of tax losses not purchased under the APA · certain tax losses which were not purchased assets under the APA · asset sale · not completed
  • Sale outcome Sale closed — The Transaction closed and there are no further realizations available in the Beleave Group's estate.
  • Fee schedule Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Court Order (Lifting the Stay of Proceedings) dated November 16, 2020.pdfPDF · Subscribers
Endorsement, Conway, J., (November 16, 2020).PDFPDF · Subscribers
Factum of Guarantee re Beleave.pdfPDF · Subscribers
Guarantee Book of Authorities re Beleave.pdfPDF · Subscribers
Motion Record (returnable November 16, 2020).PDFPDF · Subscribers
Responding Motion Record of Guarantee re Beleave.pdfPDF · Subscribers
Service List as at November 12, 2020.DOCPDF · Subscribers
Endorsement dated November 6, 2020.pdfPDF · Subscribers
Motion Record Returnable November 6, 2020.PDFPDF · Subscribers
Fifth Report of the Monitor dated October 29, 2020.PDF
  • Closing confirmed Did not complete · date not stated; Did not complete · date not stated · 1178647 B.C. Ltd.
  • Purchaser referred to only as 'the Purchaser'; not named in the excerpted text · substantially all of the Beleave Group's assets, including certain share purchase agreements relating to the shares of BKC and 933 · assets and shares · approved; 1178647 B.C. Ltd. · retail cannabis license (SK Store) in Lloydminster, Saskatchewan · asset sale · not completed
  • Sale outcome Approval pending — The sale transaction with the Purchaser was approved and the parties are working to close it prior to the end of October 2020
  • Fee schedule Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Approval and Vesting Order returnable September 18, 2020.pdfPDF · Subscribers
Endorsement dated September 18, 2020.pdfPDF · Subscribers
Factum of Beleave Inc. et al (motion returnable September 18, 2020).pdfPDF · Subscribers
Motion Record of the Applicants returnable September 18, 2020.pdfPDF · Subscribers
Fourth Report of the Monitor dated September 17, 2020.PDF
  • Purchaser Wayne Patrick Consumer Products Ltd. (stalking horse) · substantially all of Beleave Parent's assets · asset sale · proposed; Wayne Patrick Consumer Products Ltd. (stalking horse) · all of the issued and outstanding shares of Beleave Parent's subsidiary 933 · share sale · proposed; Wayne Patrick Consumer Products Ltd. (stalking horse) · all of the issued and outstanding shares of BKC · share sale · proposed
  • Recovery outcome Entries: per actual · Stated on: 2020-09-17 · Table missing:
  • Sale outcome Approval pending — The Proposed Transaction is conditional on Court approval of the Approval and Vesting Order
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Susy Moniz sworn September 15, 2020.pdfPDF · Subscribers
Written Submissions of 1178647 B.C. Ltd. dated September 15, 2020.pdfPDF · Subscribers
Service List as at September 10, 2020.DOCPDF · Subscribers
Court Order dated August 21, 2020.pdfPDF · Subscribers
Endorsement dated August 21, 2020.PDFPDF · Subscribers
Motion Record returnable August 21, 2020PDF · Subscribers
Monitor's Third Report dated August 19, 2020
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2020-08-19 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Service List as at August 19, 2020PDF · Subscribers
Service List as at July 13, 2020PDF · Subscribers
Service List as at July 6, 2020PDF · Subscribers
Endorsement dated July 3, 2020.PDFPDF · Subscribers
Factum - London Property Sale Motion.pdfPDF · Subscribers
Motion Record returnable July 3, 2020 .PDFPDF · Subscribers
Service List as at July 2, 2020PDF · Subscribers
Service List as at June 30, 2020PDF · Subscribers
Monitor's Second Report dated June 25, 2020.PDF
  • Process results 46 solicited · as of 25 Jun 2020
  • Purchaser Stalking Horse Purchaser under the Stalking Horse Purchase Agreement (stalking horse) · all or substantially all of the Vendors' assets · asset sale · approved; proposed purchaser of the London Property, unnamed · the London Property · real property · proposed
  • Sale advisor Colliers International (listing broker)
  • Sale outcome Approval pending — The Monitor supports the proposed sale of the London Property pending Court approval
  • + 1 more extracted fact
PDF · Subscribers
Signed Approval and Vesting Order for London Property.pdfPDF · Subscribers
Sale Process NDAPDF · Subscribers
Teaser Letter - June 17, 2020PDF · Subscribers
Comeback Hearing June 15, 2020.pdfPDF · Subscribers
Compendium of the Applicants .PDFPDF · Subscribers
Factum - Comeback Motion .PDFPDF · Subscribers
Motion Record (Returnable June 15, 2020) .pdfPDF · Subscribers
Service List as at June 15, 2020PDF · Subscribers
Signed Amended and Restated Initial Order dated June 15, 2020.pdfPDF · Subscribers
Monitor's First Report dated June 12, 2020.PDF
  • Purchaser Hegedus Consulting Services Inc. (stalking horse) · the Property of the Vendors · asset sale · proposed
  • Sale outcome Sale process approved — Sale process and stalking horse agreement to be sought for approval at the Comeback Hearing
  • Stalking horse Subscribers
PDF · Subscribers
Service List as at June 11, 2020PDF · Subscribers
Service List as at June 10, 2020PDF · Subscribers
Service List as at June 9, 2020PDF · Subscribers
Endorsement dated June 5, 2020.pdfPDF · Subscribers
Initial Order dated June 5, 2020.pdf
  • Applicant BELEAVE INC., BELEAVE KANNABIS CORP., SEVEN OAKS INC., 9334416 CANADA INC. O/A MEDI-GREEN AND MY-GROW, BELEAVE KANNABIS ABBOTSFORD INC. AND BELEAVE KANNABIS CHILLIWACK INC.
  • Appointee Grant Thornton Limited
  • Appointee role Monitor
  • Commencement date 5 June 2020
  • + 2 more extracted facts
PDF · Subscribers
Stalking Horse Sale Agreement.pdfPDF · Subscribers
Trustee's Preliminary Report.pdf
  • Closing confirmed Closed · date not stated
  • Purchaser unnamed purchaser of the Beleave Kannabis Corp. assets and 9334416 Canada Inc. o/a Medigreen and My-Grow, referred to as the Purchased Assets · the acquisition of the Beleave Kannabis Corp. assets and the 9334416 Canada Inc. o/a Medigreen and MyGrow privately held subsidiary (the ' Purchased Assets ') · asset sale · closed
  • Recovery outcome Entries: per unstated · Stated on: 2021-02-05 · Table missing:
  • Sale outcome Sale closed — The primary sale included the acquisition of the Beleave Kannabis Corp. assets and the 9334416 Canada Inc. o/a Medigreen and MyGrow privately held subsidiary, and the sale value obtained was not sufficient to cover all of the Beleave Group's operations
  • + 1 more extracted fact
PDF · Subscribers
Application Record dated June 4, 2020.pdfPDF · Subscribers
Stalking Horse Sales Process and Stalking Horse APA Approval Order.pdf
  • Appointee Grant Thornton Limited
  • Appointee role Monitor
  • Bid deadline 4 August 2020
  • Break fee Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Factum for Initial Application .pdfPDF · Subscribers
Proof of Claim Form.pdfPDF · Subscribers
Proxy Form.pdfPDF · Subscribers

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

CiteProceedings., “Beleave Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/beleave-inc

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

Beleave Inc. — CCAA | Proceedings.