Cedar Organics Ltd.
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 11-3219124
- Industry
- Cannabis · Cannabis producers
Cedar Organics Ltd. became bankrupt on May 2, 2025 under section 49 of the Bankruptcy and Insolvency Act, with Crowe Mackay & Company Ltd acting as trustee of the British Columbia estate. The proceeding is active. The Statement of Affairs, as stated and estimated by the debtor as at May 1, 2025, put total assets at $150,000.00 against total liabilities of $7,180,537.86, a deficiency of $7,030,537.86. The largest claims listed are Dunlop Ventures Ltd. at $2,244,089.79 and Rim Holdings (Ion Holdings Ltd.) at $2,020,000.00, both noted as possible related parties. CRA - Tax - Pacific claims $908,242.83 in all, $150,000.00 of it secured as a deemed trust.
Cedar Organics Ltd. went into bankruptcy at 13:28 on May 2, 2025 under section 49, putting the estate in the hands of Crowe Mackay & Company Ltd as trustee.
Source: Certificate of Filing
Debtor
Cedar Organics Ltd.
Trustee in bankruptcy
Crowe MacKay
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Pacific · in 77 casesDeemed trust / secured portion of claim per Statement of Affairs; asset securing liability listed as items 1301, 501 — Total claim of $908,242.83 (unsecured $758,242.83 + secured $150,000.00); taxes incurred 24-Apr-2025; deemed trust class — debtor: Cedar Organics Ltd. · as of 1 May 2025 | $150K | Notice of Bankruptcy |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
49 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
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Certificate of Filing
| PDF · Subscribers | |
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CiteProceedings., “Cedar Organics Ltd.” (Bankruptcy). Retrieved 5 November 2026, https://proceedings.ca/case/cedar-organics-ltd