Ecoideas Innovations Inc.
- Proceeding
- NOIBIA s. 50.4
- Court
- Ontario Superior Court of Justice · In Bankruptcy and Insolvency
- File
- BK-26-03354672-0031
- Industry
- Manufacturing · Food & beverage manufacturing
Ecoideas Innovations Inc. is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act, before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) under court file number BK-26-03354672-0031. No further steps in the proceeding are recorded.
The court granted a reverse vesting order in favour of 1001611870 Ontario Inc.
Source: Reverse Vesting Order
The court approved a sale and investment solicitation process. A bid deadline of 2026-06-26.
Source: Court Order and SISP
The officer filed report no. Supplement to Second Report. The Proposal Trustee notes that Ecoideas remains insolvent and is currently living within its own cash flow without any debtor-in-possession financing, and is forecast to run out of cash by the end of July 2026 if a sale does not close by then.
Source: Supplement to Second Report of the Proposal Trustee -May 27 2026
The officer filed report no. Second Report. Ecoideas continues to operate its health food manufacturing and distribution business with 25 full-time employees while pursuing a Sale and Investment Solicitation Process (SISP), supported by a stalking horse agreement, to address its liquidity difficulties.
Precedent note
On September 15 Justice Myers approved a reverse vesting order while asking whether its reasons were good ones. Across fifteen proceedings this year, the reasons filed come down to permits and licences that take weeks to a year to replace, tax losses and transfer tax, contracts needing consent, a Crown deemed trust, and buyers who would buy no other way.
Outcome brief
Ecoideas: the bought RBC loan that became the only qualified bid
RBC sold its security over the Newmarket health-food company to 1001611870 Ontario Inc., which credit-bid it, about $2.3 million, as stalking horse. Justice Conway voiced concern that the bid left nothing for $5.4 million in unsecured creditors. No other qualified bid came; on July 7 Justice Kimmel granted a reverse vesting order.
Debtor
Ecoideas Innovations Inc.
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 198 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, May 2026 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorEcoideas Innovations Inc. | Loopstra Nixon LLP | 28 Apr 2026 | Order · 7 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesas of NOI filing date — General security agreement registered under the Personal Property Security Act (Ontario); also two other PPSA registrations in favour of RBC in respect of leased equipment — Approximate amount per loan agreement dated June 18, 2021; two other RBC PPSA registrations relate to leased equipment that Management advised have matured and been repaid in full (discharged); RBC issued demand and notice of intention to enforce security on March 2, 2026; described as senior secured lender — debtor: Ecoideas Innovations Inc. | $2.3M | First Report to Court of the Proposal Trustee |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plansSale approved — SISP result reported and Transaction with 100 Ontario recommended for approvalThird Report of the Proposal Trustee · 30 Jun 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001611870 Ontario Inc.Stalking horsethe Purchased Shares · share sale · nominee/assignee: its nominee · ResidualCo: 1001661176 Ontario Inc. · agreement 22 May 2026 | Subscribers | Approved7 Jul 2026outside 14 Jul 2026 | Reverse Vesting Order |
| Date | Document | File |
|---|---|---|
Administrative Relief Order – July 7.2026
| PDF · Subscribers | |
Reverse Vesting Order
| PDF · Subscribers | |
| Responding Motion Record – Proposed Purchaser | PDF · Subscribers | |
Third Report of the Proposal Trustee
| PDF · Subscribers | |
Confidentiality Agreement
| PDF · Subscribers | |
Teaser – June 1 , 2026
| PDF · Subscribers | |
Court Order and SISP
| PDF · Subscribers | |
Supplement to Second Report of the Proposal Trustee -May 27 2026
| PDF · Subscribers | |
Court Endorsement
| PDF · Subscribers | |
Sale and Investment Solicitation Process
| PDF · Subscribers | |
Second Report of the Proposal Trustee – May 22 2026
| PDF · Subscribers | |
Court Order
| PDF · Subscribers | |
Motion Record of Ecoideas Innovations Inc.
| PDF · Subscribers | |
First Report to Court of the Proposal Trustee
| PDF · Subscribers | |
| Certificate for the Notice of Intention | PDF · Subscribers | |
| 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., “Ecoideas Innovations Inc.” (NOI), Ontario Superior Court of Justice · In Bankruptcy and Insolvency. Retrieved 5 November 2026, https://proceedings.ca/case/ecoideas-innovations-inc