Coalision Inc. (9421-4442 Québec Inc.)

Active

Proceeding: NOIs 50.4 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
Court: Superior Court of Québec
File: 500-11-058310-208

Filings held16

Last activity26 Aug 2020

On the record2,309 days

OverviewSummary updated 19 August 2026

Coalision Inc., since renamed 9421-4442 Québec Inc., filed a notice of intention to make a proposal under s 64.2 of the Bankruptcy and Insolvency Act on 26 May 2020, with Deloitte Restructuring Inc. as trustee. The proceeding is before the Superior Court of Québec, Commercial Division, under court file 500-11-058310-208, and remains active. A listing of creditors prepared by the trustee as of 8 August 2020 records the largest unsecured claims as Simon Coalision Investment Inc. at USD 15,346,000, Pelican II Investment Fund, LP at CAD 6,642,000, and Groupe Lune Rouge Inc. at CAD 4,994,000. Trade and landlord claims follow well behind, including UPS at CAD 254,833.10, C.H. Robinson Worldwide Canada, Ltd at CAD 191,272.13, Prime Properties Inc. at CAD 148,564.80 and Rakuten Marketing LLC at USD 99,105.99, alongside several hundred smaller supplier, utility and agency claims.

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Case updates16 dated entries

26 Aug 2020

#Report

Trustee's Preliminary Report to Creditors — Court officer report

PDF · Subscribers

13 Aug 2020

#Claims

Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors

PDF · Subscribers

8 Aug 2020

#Filing

Certificate of filling of a bankruptcy — NOI certificate of filing

PDF · Subscribers

13 earlier updates, back to 26 May 2020 — subscribers.

Parties

Debtor

Coalision Inc. (9421-4442 Québec Inc.)

Proposal trustee

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Gouin	Superior Court of Québec	3 orders, May 2020 – Jul 2020	19 cases on record

Counsel of record

Party	Counsel	First seen	Source
DebtorCoalision Inc. (9421-4442 Québec Inc.)	McCarthy Tétrault LLP	19 Jun 2020	Application · 19 Jun 2020

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Preferred (BIA s. 136)	Employee (preferred claim) · in 8 casespreferred claim; nominal $1.00 placeholder amount listed — debtor: 9421-4442 Québec inc. (anciennement Coalision inc.) · as of 8 Aug 2020	$1	Notice of Bankruptcy and First Meeting of Creditors

234 more claims across lower-ranking classesSubscribe to view⁠

Sale processAs stated in the filings

3 transactions · 3 closed — The Court approved the sale of the assets of 9421, resulting in a loss of approximately $27 million for secured creditors.Trustee's Preliminary Report to Creditors · 26 Aug 2020

Letters of intent

Report to the Court on Changes related to the…

Purchaser	Price	Status	Source
1254429 B.C. Unlimited Liability CompanyRelated partythe assets described in the Asset Purchase Agreement (the ' Purchased Assets ') · asset sale	Subscribers	Closeddate not stated	Certificate of the Trustee
unnamed strategic partner/investor buyer of assets under the Transactionthe sale of the assets of 9421 · asset sale	Subscribers	Closed	Trustee's Preliminary Report to Creditors
unnamedall the assets of 9421	not stated	Closed26 Jun 2020	Trustee's Preliminary Report to Creditors

Closing termsCertificate to be issued once agreement executed and delivered, purchase price paid, and closing conditions satisfied or waivedApproval, Assignment and Vesting Order

Sealed materialsExhibits P-1, P-2 and P-10 of the Application; Asset Purchase Agreement, Exhibit P-11Approval, Assignment and Vesting Order

RecoveriesAs stated in the filings

Unsecured creditors: not yet estimated.EstimatedTrustee's Preliminary Report to Creditors · 26 Aug 2020

Class	Creditor	Claims	Recovery	Basis	Source
Unsecured	—	—	not yet estimated	Estimatedper the trustee	Trustee's Preliminary Report to Creditors · 26 Aug 2020

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents

16 filings

Date	Document	File
26 Aug 2020	Trustee's Preliminary Report to Creditors Closing confirmed Closed · 26 Jun 2020 Purchaser unnamed strategic partner/investor buyer of assets under the Transaction · the sale of the assets of 9421 · asset sale · closed Recovery outcome Entries: per estimated · Stated on: 2020-08-26 · Table missing: Financial position Subscribers + 2 more extracted facts	PDF · Subscribers

13 Aug 2020	Notice of Bankruptcy and First Meeting of Creditors Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

8 Aug 2020	Certificate of filling of a bankruptcy	PDF · Subscribers

17 Jul 2020	Certificate of the Trustee Closing confirmed Closed · date not stated · 1254429 B.C. Unlimited Liability Company	PDF · Subscribers

16 Jul 2020	De Bene Esse Approval Order Presiding officer Justice Louis J. Gouin	PDF · Subscribers

15 Jul 2020	Report to the Court on Changes related to the Authorization to Sell Assets Outside the Ordinary Course of Business Process results 3 LOIs · as of 15 Jun 2020 Purchaser 1254429 B.C. Unlimited Liability Company (related party) · all right, title and interest in and to all of the tangible and intangible assets, undertaking and properties of Coalision relating to the production, distribution, wholesale and retail business of the Lolë and Paradox brands · asset sale · approved Sale outcome Sale approved — The Transaction was approved by the Court on June 26, 2020, and this report addresses changes to the Purchaser's ownership structure resulting from difficulties closing the transaction as originally structured, recommending continued approval Stalking horse Subscribers	PDF · Subscribers

29 Jun 2020	Approval, Assignment and Vesting Order Closing terms Certificate to be issued once agreement executed and delivered, purchase price paid, and closing conditions satisfied or waived Order date 29 June 2020 Purchaser 1254429 B.C. Unlimited Liability Company · the assets described in the Asset Purchase Agreement (the ' Purchased Assets ') · asset sale · approved Sale outcome Sale approved — Transaction approved by the Court + 2 more extracted facts	PDF · Subscribers

26 Jun 2020	Report to the Court on the Authorization to Sell Assets Outside the Ordinary Course of Business Process results 3 LOIs · as of 15 Jun 2020 Purchaser wholly owned subsidiary of Lolë Brands LLC, unnamed · Purchased Assets · asset sale · proposed Sale outcome Approval pending — The Trustee is of the opinion that the Proposed Transaction represents the best alternative for all of Coalision's creditors Stalking horse Subscribers	PDF · Subscribers

23 Jun 2020	Extension Order Counsel McCarthy Tétrault LLP Presiding officer Justice Louis J. Gouin	PDF · Subscribers

22 Jun 2020	Report on the State of the Insolvent Person's Business and Financial Affairs Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

19 Jun 2020	Application for the Extension of the delay to file a Proposal with the Official Receiver Applicant Coalision Inc. Commencement date 19 June 2020 Counsel McCarthy Tétrault LLP Court Superior Court + 3 more extracted facts	PDF · Subscribers

28 May 2020	Court Order Aproving an Administration Charge Presiding officer Justice Louis J. Gouin	PDF · Subscribers

28 May 2020	Notice of Intention to Make a Proposal	PDF · Subscribers

27 May 2020	Report to the Court on the Cash-Flow Statement and Administration charge	PDF · Subscribers

26 May 2020	Application for the Approval of an Administration Charge Applicant Coalision Inc. Appointee Deloitte Restructuring Inc. Appointee role Trustee under the notice of intention to make a proposal Commencement date 26 May 2020 + 4 more extracted facts	PDF · Subscribers

26 May 2020	Certificate of filling of a Notice of intention to make a proposal	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., “Coalision Inc. (9421-4442 Québec Inc.)” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/coalision-inc-9421-4442-qu-bec-inc