D & D Omega Inc.

D & D Omega Inc. is in a court-appointed receivership before the Ontario Superior Court of Justice (Commercial List) under court file CV-26-00094634-0000, with MNP Ltd. as receiver and manager and CWB Maxium Financial Inc. as applicant. The appointment is grounded in section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. CWB Maxium's claim stood at $1,462,351.80 as of March 16, 2026, comprising principal of $1,286,845.65 measured at the May 15, 2025 forbearance date and $175,506.15 in accrued interest, with interest running at 18.0 per cent per annum from March 17, 2026. It holds a general security agreement dated October 1, 2021 over all of D & D's assets, a guarantee from sole director and officer Kevin Longman backed by a general security agreement over his assets, and a $500,000 collateral mortgage registered October 22, 2021 against a Hamilton residence. PPSA searches current to March 8, 2026 identify McKesson Canada Corporation as the only other registered secured creditor, on an account D & D was current on. The most recent financial statement in hand, compiled at December 31, 2023 without audit or review, showed total assets of $1,756,623 against total liabilities of $1,565,248 and equity of $191,375.