Field Trip Health & Wellness Ltd. and Field Trip Health Holdings Inc., Field Trip Health Canada Inc., and Field Trip Digital Canada Inc. and Field Trip Health USA Inc
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CV-23-00696599-00CL
- Industry
- Health care · Clinics & medical practices
Field Trip Health & Wellness Ltd., together with Field Trip Health Holdings Inc., Field Trip Health Canada Inc., Field Trip Digital Canada Inc. and Field Trip Health USA Inc., has been under CCAA protection since March 22, 2023 before the Ontario Superior Court of Justice, and the proceedings remain active. The group's filed list of creditors with claims of $1,000 and more is dominated by intercompany exposures: Field Trip Health Holdings owes Field Trip Health & Wellness $15,119,030.20, and Field Trip Health USA owes Field Trip Health Holdings $7,787,973.57. Among third-party claims, the largest are BAT Wynwood LLC at $147,095.55 and Miller Thomson LLP at $113,282.50, followed by a substantial number of US landlords, professional firms and service providers owed sums in the tens of thousands.
The officer filed report no. Sixth Report. The Applicants have no ongoing business operations following prior asset sales; the Monitor is winding down the estate on a 'care and maintenance' basis, pursuing collection of residual assets such as an HST refund and potential Employee Retention Credit claims, and preparing for a possible wind-down/bankruptcy strategy.
Source: Sixth Report of the Monitor
The officer filed report no. Fifth Report of the Monitor. The Applicants are in a care-and-maintenance posture: only limited part-time contract former employees are retained to help recover residual assets (expected HST refunds and U.S. employee retention credits), with the Monitor administering the proceedings and seeking a stay extension to June 15, 2024.
Source: Fifth Report of the Monitor
The officer filed report no. Fourth Report of the Monitor. The Applicants have sold or assigned most clinic operations through the SISP, terminated all employees except the CRO (and a few contractors), and are in a 'care and maintenance' state while pursuing residual assets (HST refunds and COVID-19 credits), with a stay extension to December 15, 2023 and expanded Monitor powers sought.
Source: Fourth Report of the Monitor
Motion Record of the Applicants (re Stay Extension Order and the Enhanced Monitor’s Powers Order) — Application / notice of application
The court granted an approval and vesting order for the sale to Canadian Centre for Psychedelic Healing Sault Ste. Marie Inc. Closing terms, as extracted: Vesting of the Purchased Assets in the Purchaser is effective upon delivery by the Monitor of the Monitor's Certificate.
Source: CCFPH Order
The court granted an approval and vesting order for the sale to Stella MSO LLC. Closing terms, as extracted: Vesting of the Purchased Assets in the Purchaser takes effect upon delivery of the Monitor's certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the transaction to the Monitor's satisfaction.
Source: Stella Approval Order
The officer filed report no. Third Report. The company has terminated virtually all remaining employees and curtailed operations to minimize cash burn, while selling clinics (Toronto/Vancouver to CCFPH; New York, DC and San Carlos to Stella) and pursuing residual assets such as HST refunds and COVID-19 credits ahead of an expanded-powers order for the Monitor.
Source: Third Report of the Monitor
Motion Record of the Applicants (re CCFPH Order and Stella Approval Order) — Application / notice of application
The court granted an approval and vesting order for the sale to William Mahfood. Closing terms, as extracted: Vesting of the Purchased Assets in the Purchaser occurs upon delivery of the Monitor's Certificate to the Purchaser; the Monitor must file a copy of the certificate with the Court forthwith after delivery.
Source: Approval and Vesting Order
Endorsement of J Conway (re Stay Extension, Increase in Administration Charge Order — Endorsement / reasons
The officer filed report no. Second Report. The Applicants continue to operate in the ordinary course while running a court-approved sale and investment solicitation process; one sale (the Jamaica assets, $350,000) is proposed for approval, and further asset sales are being negotiated with a view to winding down the remaining business.
Source: Second Report of the Monitor
The court approved a sale and investment solicitation process. A bid deadline of 2023-04-24.
Source: SISP Order
The officer filed report no. First Report. The Applicants intend to continue operating as a going concern during the CCAA proceedings while downsizing, including closing five clinics and selling non-material assets, and are running a sale and investment solicitation process; cash is expected to be almost entirely consumed by May 4, 2023.
Source: First Report of the Monitor
The officer filed report no. First Report. The Applicants intend to continue operating as a going concern during the CCAA proceedings while downsizing, closing five of their operating clinics (four clinics to continue operating), and running a sale and investment solicitation process; cash is projected to be almost entirely consumed by May 4, 2023.
Application Record of the Applicants (re Amended and Restated Initial Order and SISP Order) — Application / notice of application
Debtor
Field Trip Health & Wellness Ltd. and Field Trip Health Holdings Inc., Field Trip Health Canada Inc., and Field Trip Digital Canada Inc. and Field Trip Health USA Inc
Monitor
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 6 orders, Mar 2023 – May 2023 | 310 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 198 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Dec 2023 | 318 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, May 2023 | 245 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Mar 2023 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorPwC | Thornton Grout Finnigan LLP | 16 Jun 2023 | Service list · 16 Jun 2023 |
| ApplicantField Trip Health & Wellness Ltd. and Field Trip Health Holdings Inc., Field Trip Health Canada Inc., and Field Trip Digital Canada Inc. and Field Trip Health USA Inc | Miller Thomson LLP | 22 Mar 2023 | Order · 22 Mar 2023 |
| CreditorB & B Investments Limited | Farris LLP · McInnes Cooper | 16 Jun 2023 | Service list · 16 Jun 2023 |
| CreditorCreekside Ventures Ltd | Farris LLP | 16 Jun 2023 | Service list · 16 Jun 2023 |
| CreditorLandlord | Farris LLP · Fij Law LLP | 16 Jun 2023 | Service list · 16 Jun 2023 |
| CreditorStella MSO LLC | Blake, Cassels & Graydon LLP | 16 Jun 2023 | Service list · 16 Jun 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Field Trip Health & Wellnessrelated party - intercompany — debtor: FTHH | $15.1M | List of Creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
79 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans6 transactions · 4 closed · 1 approved · 1 proposed — The SISP is substantially complete, resulting in various asset and lease transactions but did not generate significant sale proceeds.Fourth Report of the Monitor · 9 Jun 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| William Mahfoodcertain equipment and assets of the Applicants, as described in the Asset Purchase Agreement (the Purchased Assets) · asset sale · agreement 27 Apr 2023 | Subscribers | Approved2 May 2023 | Approval and Vesting Order |
| purchaser of the Applicants' Jamaican assets and property, unnamedsubstantially all of the Applicants' Jamaican assets and property · asset sale | not stated | Closed15 May 2023 | Third Report of the Monitor |
| third party assignee of Fredericton lease, unnamedthe lease and certain equipment at the Company's health clinic located in Fredericton, New Brunswick · asset sale | Subscribers | Proposed | Third Report of the Monitor |
| Canadian Centre for Psychedelic Healing Sault Ste. Marie Inc.the Purchased Assets described in the Asset Purchase Agreement (the CCFPH Transaction) · asset sale · agreement 20 May 2023 | Subscribers | Closed9 Jun 2023 | Fourth Report of the Monitor |
| Stella MSO LLCcertain intellectual property, equipment and other assets (the Purchased Assets, as defined in the Asset Purchase Agreement) · asset sale · agreement 20 May 2023 | Subscribers | Closed7 Jun 2023 | Fourth Report of the Monitor |
| Clerkenwella non-exclusive license to use, reproduce, and modify the Applicants' patient, therapist, and client portal (the 'Portal') · asset sale · agreement 18 May 2023 | Subscribers | Closed | Fourth Report of the Monitor |
Cumulative receipts
$6.73K
As at 5 Jun 2024Sixth Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of J Black (re Stay Extension Order)
| PDF · Subscribers | |
Stay Extension Order (re Stay Period to December 13, 2024)
| PDF · Subscribers | |
Motion Record of the Monitor (re Stay Extension Order)
| PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
Endorsement of J Cavanagh re Stay Extension Order
| PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
Motion Record of the Monitor
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Endorsement of J Centa | PDF · Subscribers | |
Enhanced Monitor's Powers Order
| PDF · Subscribers | |
| Book of Authorities of the Applicants | PDF · Subscribers | |
| Factum of the Applicants | PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Motion Record of the Applicants (re Stay Extension Order and the Enhanced Monitor’s Powers Order) | PDF · Subscribers | |
CCFPH Order
| PDF · Subscribers | |
Endorsement of J Steele
| PDF · Subscribers | |
Stella Approval Order
| PDF · Subscribers | |
| Motion Record of the Applicants (re CCFPH Order and Stella Approval Order) | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Endorsement of J Conway (re Stay Extension, Increase in Administration Charge Order
| PDF · Subscribers | |
Stay Extension, Increase in Administration Charge Order
| PDF · Subscribers | |
| Factum of the Applicants returnable May 2, 2023 | PDF · Subscribers | |
| Motion Record of the Applicants returnable May 2, 2023 | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Endorsement of J McEwen | PDF · Subscribers | |
First Report of the Monitor to the Court
| PDF · Subscribers | |
SISP
| PDF · Subscribers | |
SISP Order
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Application Record of the Applicants (re Amended and Restated Initial Order and SISP Order) | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Amended Initial Order
| PDF · Subscribers | |
Endorsement of Justice Conway
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Application Record of the Applicants | PDF · Subscribers | |
| Pre-Filing Report of the Monitor | 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., “Field Trip Health & Wellness Ltd. and Field Trip Health Holdings Inc., Field Trip Health Canada Inc., and Field Trip Digital Canada Inc. and Field Trip Health USA Inc” (CCAA), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/field-trip-health-wellness-ltd-and-field-trip-health-holdings-inc-field-trip-hea