Form 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd. — Notice of receiver (s. 245 / Form 87)
Cymax Group Technologies Ltd., Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC, and Cymax Stores USA, Inc.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S-267851
Cymax Group Technologies Ltd., together with Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC and Cymax Stores USA, Inc., has been in receivership since 26 October 2026, when BDO Canada Limited took possession as Receiver and Manager on the application of BDC Capital Inc. The appointment was made by the Supreme Court of British Columbia under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, in court file S-267851. In the Receiver's Form 87, dated 29 October 2026, Business Development Bank of Canada is shown with an estimated balance owing of $9,491,113.01 as the sole creditor holding security on the assets; the order also records BDC Capital Inc. and Frind Properties Ltd. as secured creditors with registrations in the BC Personal Property Registry. Appendix A itemises roughly 250 trade and other unsecured creditors, totalling $4,999,908.17, among them Federal Express at $586,515.16 and ACG Green Group Inc. at $251,014.67. Total creditors are stated at $14,491,021.18. The proceeding is active.
Form 87 – Notice and Statement of the Receiver – Cymax Stores USA, LLC, Cymax Services USA, LLC, and Cymax Stores, Inc. — Notice of receiver (s. 245 / Form 87)
Form 87 – Notice and Statement of the Receiver – Freight Club, LLC — Notice of receiver (s. 245 / Form 87)
Filing brief
Cymax: BDC's consent receivership reaches four U.S. subsidiaries
Justice Lyster appointed BDO Canada receiver, by consent, of Vancouver online furniture retailer Cymax, its Freight Club shipping platform and three other U.S. subsidiaries on October 26. BDC Capital, owed US$6,767,281.85 at October 8, says the chief executive told it that, given recurring losses and the impact of U.S. tariffs, no more shareholder money would go in.
Debtor
Cymax Group Technologies Ltd., Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC, and Cymax Stores USA, Inc.
Receiver
BDO
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBDC Capital Inc | McMillan LLP | 29 Oct 2026 | Service list · 29 Oct 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada · in 251 casesStated as 'Estimated Balance Owing' in the Receiver's Appendix A (rounded to $9,491,113 in the body of the Form 87). No statement date given; figure is as reported by the Receiver at the Oct 29, 2026 notice. The receivership petitioner is BDC Capital Inc. (a different named entity from Business Development Bank of Canada); the document does not explain the relationship. — debtor: Cymax Group Technologies Ltd. | $9.49M | Form 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd. |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
27 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
Form 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Cymax Stores USA, LLC, Cymax Services USA, LLC, and Cymax Stores, Inc.
| PDF · Subscribers | |
Form 87 – Notice and Statement of the Receiver – Freight Club, LLC
| PDF · Subscribers | |
Service List (as of October 29, 2026)
| PDF · Subscribers | |
Receivership Order (October 26, 2026)
| PDF · Subscribers | |
| Affidavit #1 of Imran Malik (filed October 22, 2026) | PDF · Subscribers | |
| Notice of Hearing of Petition (filed October 22, 2026) | PDF · Subscribers | |
| Petition to the Court (filed October 22, 2026) | PDF · Subscribers | |
| Requisition – Short Noice (filed October 22, 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., “Cymax Group Technologies Ltd., Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC, and Cymax Stores USA, Inc.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/cymax-group-technologies-ltd-cymax-stores-usa-llc-freight-club-llc-cymax-service