Report filed by the court officer, recording the date and time the proceeding took effect as March 26, 2024 at 13:25.
Source: Certificate of Appointment
Canadian Isotope Innovations Corp. has been in bankruptcy in Saskatchewan since March 26, 2024, with MNP Ltd. as trustee under court file 23-3060542, on the basis of subsection 102(1) of the Act. The Statement of Affairs (Form 78) sworn as at the date of bankruptcy puts entity-level assets at $636,492.76 against liabilities of $4,617,766.00, a stated deficiency of $3,981,273.24. There are no secured creditors listed on List B and no preferred creditors on List C, leaving the estate's claims unsecured. The largest is a contingent or trust claim of $3,855,000.00 by Iotron Medical Inc., recorded as expected to rank for a dividend of $0.00. Prairies Economic Development Canada is listed for $559,996.00 under a BSP contribution agreement and $74,942.00 under the RRRF. The proceeding remains active.
Report filed by the court officer, recording the date and time the proceeding took effect as March 26, 2024 at 13:25.
Source: Certificate of Appointment
Meeting of creditors, dated to the March 26, 2024 commencement of the proceeding in Saskatchewan under court file no. 23-3060542.
Source: Creditor Package and Notice of First Meeting of Creditors
Debtor
Canadian Isotope Innovations Corp
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Iotron Medical Inc.Contingent/trust claim, expected to rank for dividend $0.00; nature of liability not specified — debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $3.85M | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Prairies Economic Development Canada (BSP) contribution Agreement, Pdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $560K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Prairies Economic Development Canada (RRRF) Contribution Agreement, Pdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $74.9K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | RMD Engineering Incdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $32.4K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Fedoruk Centredebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $28.5K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Marsh - D&O Insurancedebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $24.8K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Mevex Corpdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $24.4K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Innovation Saskatchewandebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $4.23K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Fisher Scientific Ltd.debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $3.01K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Saskatchewan Research Councildebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $2.54K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Tam Internationaldebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $2.48K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Mighty Oaksdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $1.83K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | McCarthy Tétrault LLP (vincent Yip) · in 6 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $1.05K | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Saskatchewan Workers' Compensation Board · in 16 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $870 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Sasktel · in 15 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $694 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Millipore Sigma Canada Ltd. · in 2 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $557 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Linde Canada Limited · in 15 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $158 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Thermo Fisher Scientific · in 4 casesAddress listed in Waltman MA, USA; currency uncertain but recorded as stated — debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $150 USD | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Culligan · in 11 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $31 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Shoppers Drug Mart · in 2 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $30 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | London Drugs Limited - Financedebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $29 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Messer Canada Inc · in 10 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $28 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | McDougall Gauley LLP - Saskatoondebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $1 | Creditor Package and Notice of First Meeting of Creditors |
| Unsecured | Canadian Light Source Inc.debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024 | $1 | Creditor Package and Notice of First Meeting of Creditors |
As at 26 Mar 2024 · per Statement of Affairs (Form 78) as stated and estimated by the officer · Canadian Isotope Innovations Corp. (entity level) — Secured creditors as per List B total $0.00 (none); Preferred creditors as per List C total $0.00 (none); Deficiency of $3,981,273.24 as stated
| Date | Document | File |
|---|---|---|
Certificate of Appointment
| ||
Creditor Package and Notice of First Meeting of Creditors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Canadian Isotope Innovations Corp” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/canadian-isotope-innovations-corp
Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/canadian-isotope-innovations-corp
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.