Proceedings.

Canadian Isotope Innovations Corp

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Active
Proceeding
BankruptcySubsection 102(1) of the Act
File
23-3060542
Filings held2
Last activity26 Mar 2024
On the record909 days
OverviewSummary updated

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.

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Case updates2 dated entries
Parties

Debtor

Canadian Isotope Innovations Corp

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredIotron 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$3.85MCreditor Package and Notice of First Meeting of Creditors
UnsecuredPrairies Economic Development Canada (BSP) contribution Agreement, Pdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$560KCreditor Package and Notice of First Meeting of Creditors
UnsecuredPrairies Economic Development Canada (RRRF) Contribution Agreement, Pdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$74.9KCreditor Package and Notice of First Meeting of Creditors
UnsecuredRMD Engineering Incdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$32.4KCreditor Package and Notice of First Meeting of Creditors
UnsecuredFedoruk Centredebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$28.5KCreditor Package and Notice of First Meeting of Creditors
UnsecuredMarsh - D&O Insurancedebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$24.8KCreditor Package and Notice of First Meeting of Creditors
UnsecuredMevex Corpdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$24.4KCreditor Package and Notice of First Meeting of Creditors
UnsecuredInnovation Saskatchewandebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$4.23KCreditor Package and Notice of First Meeting of Creditors
UnsecuredFisher Scientific Ltd.debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$3.01KCreditor Package and Notice of First Meeting of Creditors
UnsecuredSaskatchewan Research Councildebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$2.54KCreditor Package and Notice of First Meeting of Creditors
UnsecuredTam Internationaldebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$2.48KCreditor Package and Notice of First Meeting of Creditors
UnsecuredMighty Oaksdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$1.83KCreditor Package and Notice of First Meeting of Creditors
UnsecuredMcCarthy Tétrault LLP (vincent Yip) · in 6 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$1.05KCreditor Package and Notice of First Meeting of Creditors
UnsecuredSaskatchewan Workers' Compensation Board · in 16 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$870Creditor Package and Notice of First Meeting of Creditors
UnsecuredSasktel · in 15 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$694Creditor Package and Notice of First Meeting of Creditors
UnsecuredMillipore Sigma Canada Ltd. · in 2 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$557Creditor Package and Notice of First Meeting of Creditors
UnsecuredLinde Canada Limited · in 15 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$158Creditor Package and Notice of First Meeting of Creditors
UnsecuredThermo 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 USDCreditor Package and Notice of First Meeting of Creditors
UnsecuredCulligan · in 11 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$31Creditor Package and Notice of First Meeting of Creditors
UnsecuredShoppers Drug Mart · in 2 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$30Creditor Package and Notice of First Meeting of Creditors
UnsecuredLondon Drugs Limited - Financedebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$29Creditor Package and Notice of First Meeting of Creditors
UnsecuredMesser Canada Inc · in 10 casesdebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$28Creditor Package and Notice of First Meeting of Creditors
UnsecuredMcDougall Gauley LLP - Saskatoondebtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$1Creditor Package and Notice of First Meeting of Creditors
UnsecuredCanadian Light Source Inc.debtor: Canadian Isotope Innovations Corp. · as of 26 Mar 2024$1Creditor Package and Notice of First Meeting of Creditors
Estate financialsReported figures — never derived
Total assets at filing$636K
Total liabilities at filing$4.62M

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

Documents2 filings
DateDocumentFile
Certificate of Appointment
  • Appointee MNP LTD / MNP LTÉE
  • Appointee role trustee
  • Commencement date 26 March 2024
  • Court file no 23-3060542
  • + 1 more extracted fact
PDF
Creditor Package and Notice of First Meeting of Creditors
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 26 March 2024
  • Financial position Assets $636K · Liabilities $4.62M · 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
  • + 5 more extracted facts
PDF

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.