Disaster RX Mississauga Inc. and related entities are the subject of a proceeding brought by Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act in the Ontario Superior Court of Justice, with Grant Thornton Limited named receiver following an application filed August 22, 2024 and an initial order made September 10, 2024. Before the application, RBC issued notices of intention to enforce security dated July 30, 2024 against related debtors, including Disaster RX Kingston Inc. for $1,497,877.14 covering both guarantor and primary obligations, and 1000008786 Ontario Incorporated for $23,300.59. RBC's indebtedness breakdown as of July 9, 2024 put Disaster RX Mississauga Inc.'s balance at $1,274,489.99 and 1000224426 Ontario Inc.'s balance at $989,399.44.
The court granted an approval and vesting order for the sale to 1000221624 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Royal Bank of Canada filed a Notice of Application on August 22, 2024, initiating the proceeding against Disaster RX Mississauga Inc. and related entities.
Royal Bank of Canada · in 584 casesGeneral Security Agreement dated October 7, 2022 — NOI to enforce security under BIA s.244; includes (i) $203,917.13 owing as guarantor for 1000224426 Ontario Inc. and (ii) $44,254.00 owing as primary debtor — debtor: Disaster RX Kingston Inc. · as of 30 Jul 2024
$1.5M
Application Record (Volume 2 of 2) returnable September 10, 2024.pdf
Secured
Secured
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Secured
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6 more claims in 1 class The stack holds Secured claims.
Sale process approved — Receiver authorized to carry out the Sales Process for the Trenton Property, subject to court approval of any completed transactionOrder dated July 8, 2025.pdf · 8 Jul 2025
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1000221624 Ontario Inc.the Debtor' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 18 Aug 2025
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CiteProceedings., “Disaster RX Mississauga Inc. et al.” (Court officer), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/disaster-rx-mississauga-inc-et-al
Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/disaster-rx-mississauga-inc-et-al
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.