Bold Canine Inc.
Follow- Proceeding
- Interim receivershipSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C. C.43, AS AMENDED
- File
- CL-26-00000292-0000
- Industry
- Manufacturing · Food & beverage manufacturing
Bold Canine Inc. has been under interim receivership since June 25, 2026, on an application by Kensington Private Equity Fund under section 47 of the Bankruptcy and Insolvency Act. Kensington is owed approximately $4,827,000 including accrued interest as of June 16, 2026 under a secured grid promissory note and general security agreement dated March 17, 2025 covering all present and future assets, and issued a demand and section 244 notice on June 17, 2026. It is also a related party, holding preferred shares from a roughly $7.1 million investment in 2020 and a board seat since January 10, 2020. Other claimants include BMO (approximately $525,000, first-ranking general security claimed), BDC (approximately $69,000, Formax equipment), Saugeen Economic Development Corporation, FedDev Ontario, and several equipment lessors and PPSA financiers. The Interim Receiver has not verified the validity or priority of the security. The proceeding is active.
Approved the August 29, 2026 sale agreement with Iron Will Raw Inc. for the brand, intellectual property and certain inventory, vesting on delivery of the Receiver's Certificate.
Receiver's First Report: the pet food business kept operating through a court-approved sale process, and approval was sought for an asset sale to Iron Will Raw Inc.; receipts of $2,000,375 included $900,000 advanced by the applicant.
Source: First Report of the Receiver dated September 1, 2026
Notice and Statement of the Receiver dated July 20, 2026 — Notice of receiver (s. 245 / Form 87)
Kensington Private Equity Fund applied on June 23, 2026 for the appointment of TDB Restructuring Limited as interim receiver and receiver of Bold Canine Inc., court file CL-26-00000292-0000.
Outcome brief
Bold Canine: the buyer took the brand, not the plant
Nineteen parties signed confidentiality agreements and five bid for the Erin, Ontario raw pet food maker, and on September 8 Justice Black approved a sale to Iron Will Raw Inc. of the Bold by Nature brand, its recipes and whatever inventory the buyer accepts at 90% or 60% of book value. The price is sealed until closing. The plant lease, the production equipment, the private-label business and the U.S. subsidiary were all left out, and remain with the receiver.
Filing brief
Bold Canine: the whole facility, in ten days
A frozen raw pet food plant was locked out of its own factory on June 12 over unpaid rent. The creditor who is not first in line reinstated the lease, then funded a $350,000 interim receivership — payroll, critical vendors, raw meat, and liquid nitrogen to keep the freezers running. By July 5 the entire facility was drawn. Tomorrow the court decides whether it continues, and the creditor who IS first is having the assets appraised.
Debtor
Bold Canine Inc.
Applicant
Kensington Private Equity Fund
Interim receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 3 orders, Sep 2026 | 198 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Jul 2026 | 318 cases on record |
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Jun 2026 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Interim receiverTDB Restructuring | Miller Thomson LLP · Cozen O'Connor LLP | 4 Aug 2026 | Factum · 4 Sep 2026 |
| ApplicantKensington Private Equity Fund | Cassels Brock & Blackwell LLP | 25 Jun 2026 | Factum · 5 Jul 2026 |
| DebtorBold Canine Inc. | Blaney McMurtry LLP | 4 Aug 2026 | Service list · 4 Aug 2026 |
| CreditorActual Pet Foods | Miller Thomson LLP | 4 Aug 2026 | Service list · 4 Aug 2026 |
| CreditorAliments Mackenzie Inc | Langlois Avocats | 4 Aug 2026 | Service list · 4 Aug 2026 |
| CreditorBank of Montreal | Spetter Zeitz Klaiman Pc | 4 Aug 2026 | Service list · 4 Aug 2026 |
| CreditorReiser (Canada) Co | Gowling WLG (Canada) LLP | 4 Aug 2026 | Service list · 4 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Kensington Private Equity Fund · in 3 casesSecurity interest in Debtor's assets (specific instrument not described) — Kensington Private Equity Fund is also the Applicant that obtained the receivership order. Amount consistent between prose approximation (p.2) and Appendix B dated list (p.38). — debtor: Bold Canine Inc. · as of 16 Jul 2026 | $4.88M | Notice and Statement of the Receiver dated July 20, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
116 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — The Transaction is approved and vesting of the Purchased Assets in the Purchaser is provided for, effective upon delivery of the Receiver's Certificate.Approval and Vesting Order dated September 8, 2026 · 8 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Iron Will Raw Inc.Purchased Assets (as defined in the Sale Agreement) · asset sale · agreement 29 Aug 2026 | not stated | Approved8 Sep 2026 | Approval and Vesting Order dated September 8,… |
1 engagement · 1 firm — Cozen O'Connor LLP, 25 Jun – 31 Aug 2026First Report of the Receiver · 1 Sep 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cozen O'Connor LLPCounsel to the receiver | 25 Jun – 31 Aug 2026 | — | — | First Report of the Receiver · 1 Sep 2026 |
1 blurred figure above
What the firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$2M
As at 1 Sep 2026First Report of the Receiver dated September 1, 2026
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the 2 totals 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 |
|---|---|---|
Service List dated October 29, 2026
| PDF · Subscribers | |
Ancillary Relief Order dated September 8, 2026
| PDF · Subscribers | |
Approval and Vesting Order dated September 8, 2026
| PDF · Subscribers | |
Endorsement of Justice Black dated September 8, 2026
| PDF · Subscribers | |
Factum of the Receiver dated September 4, 2026
| PDF · Subscribers | |
First Report of the Receiver dated September 1, 2026
| PDF · Subscribers | |
| Motion Record of the Receiver dated September 1, 2026 | PDF · Subscribers | |
Service List dated August 4, 2026
| PDF · Subscribers | |
| Second Notice of Amended SISP Milestone and Timelines | PDF · Subscribers | |
Notice and Statement of the Receiver dated July 20, 2026
| PDF · Subscribers | |
| Notice of Amended SISP Milestones and Timelines | PDF · Subscribers | |
Confidentiality Agreement
| PDF · Subscribers | |
Appointment Order dated July 9, 2026
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated July 9, 2026
| PDF · Subscribers | |
Marketing Brochure
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated July 6, 2026
| PDF · Subscribers | |
Factum of the Applicants dated July 5, 2026
| PDF · Subscribers | |
First Report of the Interim Receiver dated July 5, 2026
| PDF · Subscribers | |
Appointment Order dated June 25, 2026
| PDF · Subscribers | |
Endorsement of Justice Dunphy dated June 25, 2026
| PDF · Subscribers | |
Application Record dated June 23, 2026
| 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., “Bold Canine Inc.” (Interim receivership), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/bold-canine-inc