Proceedings.

Cymax Group Technologies Ltd., Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC, and Cymax Stores USA, Inc.

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Active
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
Filings held9
Last activity29 Oct 2026
On the record10 days
Secured debtSubscribers
OverviewSummary updated

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.

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Case updates9 dated entries

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.

Parties

Debtor

Cymax Group Technologies Ltd., Cymax Stores USA, LLC, Freight Club, LLC, Cymax Services USA LLC, and Cymax Stores USA, Inc.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Counsel of record

PartyCounselFirst seenSource
ApplicantBDC Capital IncMcMillan LLP29 Oct 2026Service list · 29 Oct 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredBusiness 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.$9.49MForm 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd.
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

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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This 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.

Documents
9 filings
DateDocumentFile
Form 87 – Notice and Statement of the Receiver – Cymax Group Technologies Ltd.
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Form 87 – Notice and Statement of the Receiver – Cymax Stores USA, LLC, Cymax Services USA, LLC, and Cymax Stores, Inc.
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Form 87 – Notice and Statement of the Receiver – Freight Club, LLC
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Service List (as of October 29, 2026)
  • Counsel McMillan LLP
PDF · Subscribers
Receivership Order (October 26, 2026)
  • Applicant BDC CAPITAL INC.
  • Appointee BDO Canada Limited
  • Appointee role Receiver and Manager
  • Court file no S-267851
  • + 1 more extracted fact
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

Sources last checked · summary updated 3 November 2026 · Report a correction · Printed from proceedings.ca/case/cymax-group-technologies-ltd-cymax-stores-usa-llc-freight-club-llc-cymax-service

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.