Blizza Brands Inc.
- Proceeding
- NOIBIA s. 50.4
- File
- BK-26-03390093-0035
- Industry
- Cannabis · Cannabis producers
Blizza Brands Inc. filed a notice of intention to make a proposal under section 50.4 of the BIA on June 23, 2026, stating it is both cash flow and balance sheet insolvent. Internal financial statements as at May 31, 2026 put book-value assets at approximately $5.4 million, led by property and equipment of about $2.9 million and inventory of about $2.0 million; no aggregate liabilities figure is stated. The Canada Revenue Agency is owed an estimated $599,196.79 as at the filing date, made up of roughly $430,011.63 in excise arrears, $139,214.35 in payroll obligations and $29,970.81 in GST/HST, and registered three liens against title to the company's London, Ontario facility on June 16, 2026. The mortgage lenders holding the first-ranking charge on that facility are supportive of a restructuring.
Proposal Trustee's Third Report: the company keeps operating with its bank accounts restored and garnished funds returned, is drawing on DIP financing, and seeks a further stay extension to October 19, 2026.
Source: Third Report of the Proposal Trustee (August 27, 2026)
The officer filed report no. Supplement to the First Report of the Proposal Trustee.
Source: Supplement to the First Report of the Proposal Trustee (June 30, 2026)
Case update
Blizza Brands: CRA's final renewal and a proposal expected by October 19
The London, Ontario cannabis grower filed its NOI eight days after CRA wrote that its excise licence would not be renewed, and on August 31 the court gave it until October 19, 2026 to file a proposal, on a forecast that cuts milled-product sales to $320,000 over 13 weeks and, the proposal trustee reports, cannot repay a related-party DIP at its October 15 maturity.
Debtor
Blizza Brands Inc.
Proposal trustee
Goldhar & Associates
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jun 2026 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeGoldhar & Associates | Dickinson Wright LLP | 26 Jun 2026 | Service list · 26 Jun 2026 |
| DebtorBlizza Brands Inc. | Miller Thomson LLP | 26 Jun 2026 | Service list · 26 Jun 2026 |
| CreditorCompany, Blizza Brands Inc | Miller Thomson LLP | 23 Jul 2026 | Order · 23 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) - Excise/GST/payroll arrears · in 985 casesas of NOI Filing Date — Company's estimate as of the NOI Filing Date (June 23, 2026); comprised of approximately $430,011.63 in Excise Arrears, $139,214.35 in payroll-related obligations, and $29,970.81 in GST/HST obligations. Deemed trust/Crown priority claim; partially secured by the registered tax liens listed separately above. — debtor: Blizza Brands Inc. | $599K | Motion Record of Blizza Brands Inc. (June 26, 2026) |
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 more claims in 4 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
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See all plans| Date | Document | File |
|---|---|---|
Stay Extension Order (August 31, 2026)
| PDF · Subscribers | |
Factum of Blizza Brands Inc. (August 27, 2026)
| PDF · Subscribers | |
| Motion Record of Blizza Brands Inc. (August 27, 2026) | PDF · Subscribers | |
Third Report of the Proposal Trustee (August 27, 2026)
| PDF · Subscribers | |
DIP and Extension Order (July 23, 2026)
| PDF · Subscribers | |
Second Report of the Proposal Trustee (July 21, 2026)
| PDF · Subscribers | |
Service List (July 21, 2026)
| PDF · Subscribers | |
Motion Record of Blizza Brands (July 20, 2026)
| PDF · Subscribers | |
Supplement to the First Report of the Proposal Trustee (June 30, 2026)
| PDF · Subscribers | |
Bankruptcy Endorsement Form (June 29, 2026)
| PDF · Subscribers | |
Court Order (June 29, 2026)
| PDF · Subscribers | |
Factum of Blizza Brands Inc. (June 28, 2026)
| PDF · Subscribers | |
First Report of the Proposal Trustee (June 28, 2026)
| PDF · Subscribers | |
Motion Record of Blizza Brands Inc. (June 26, 2026)
| PDF · Subscribers | |
Service List (June 26, 2026)
| PDF · Subscribers | |
| Notice Package | 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., “Blizza Brands Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/blizza-brands-inc