Proceedings.

GFI Brands Inc.

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Proceeding
Receivership (court-appointed)SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C. C-43, AS AMENDED
Court
Ontario Superior Court of Justice
File
CV-24-00720526-00CL
Industry
Manufacturing · Food & beverage manufacturing
Filings held39
Last activity13 Jul 2026
On the record896 days
Secured debtSubscribers
OverviewSummary updated

GFI Brands Inc. is the subject of court-appointed receivership proceedings before the Ontario Superior Court of Justice, commenced May 23, 2024 under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of Farm Credit Canada and Siena Lending Group Canada LLC. FTI Consulting Canada Inc. and Richter Inc. are named as court-appointed receivers, under court files CV-24-00720526-00CL and CV-24-00720816-00CL. Farm Credit Canada holds a secured claim of $14,881,727.36 and Siena Lending Group Canada LLC $4,184,515.26. Unsecured claims include $30,923.58 owed to Alnoor Sheriff and $26,805.00 to Université Laval. The matter remains active.

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Case updates39 dated entries
#Filing

The receivership application was issued on May 23, 2024, seeking the appointment of a receiver over GFI Brands Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.

Source: Application Record – dated May 23, 2024

AnalysisAll insights⁠

Outcome brief

Global Food and Ingredients: two receivers and an unfiled GST election

Two receivers were appointed over a plant-based ingredients group's assets in May 2024, one per primary secured lender; neither was paid in full. In July 2026 Richter assigned Global Food and Ingredients Inc. into bankruptcy, a step Justice Black had accepted as prudent, to reverse any potential CRA priority tied to an unfiled GST election.

Parties

Debtor

GFI Brands Inc.

Receiver

Richter

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice15 orders, May 2024 – Jun 2025245 cases on record
Justice OsborneOntario Superior Court of Justice3 orders, Nov 2024168 cases on record
Justice BlackOntario Superior Court of Justice2 orders, Mar 2026198 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFTI Consulting Canada IncMcCarthy Tétrault LLP2 Jun 2025Service list · 2 Jun 2025
ReceiverRichterBlaney McMurtry LLP · McCarthy Tétrault LLP1 Aug 2024Service list · 2 Jun 2025
ApplicantSiena Lending Group Canada LLCGoodmans LLP2 Jun 2025Service list · 2 Jun 2025
DebtorGFI Brands Inc.McMillan LLP2 Jun 2025Service list · 2 Jun 2025
CreditorSiena Lending Group Canada LLCLenczner Slaght LLP16 Jun 2025Application · 16 Jun 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredFarm Credit Canada · in 40 casesAmount reported in $000's; reconciled with mailing list exact figure $14,881,727.36 (page 5). — debtor: GFI Brands Inc. · as of 30 May 2024$14.9MNotice Statement Of Receiver – dated June 10 2024
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

8 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs declared or paid

Unsecured creditors: no distribution. Siena and FCC short.FinalFinal Report of the Receiver · 13 Jul 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredSiena and FCC—shortfallFinalper the receiverFinal Report of the Receiver · 13 Jul 2026
Unsecured——no distributionFinalper the receiverFinal Report of the Receiver · 13 Jul 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing

As at ·

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
39 filings
DateDocumentFile
Final Report of the Receiver – dated July 13, 2026
  • Recovery outcome Entries: per actual; per actual · Stated on: 2026-07-13 · Table missing:
PDF · Subscribers
Receiver’s Discharge Certificate – dated July 13, 2026PDF · Subscribers
Counsel Endorsement Slip – dated March 25, 2026
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Discharge Order – dated March 25, 2026
  • Counsel Blaney McMurtry LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Motion Record of thr Receiver, Richter Inc. – dated March 12, 2026PDF · Subscribers
Second Report of Richter Inc. in its capacity as Receiver of the ABL Priority Collateral of Global Food and Ingredients Ltd., Global Food and Ingredients Inc. and GFI Brands Inc. – dated March 12, 2026PDF · Subscribers
Factum of the Applicant (Moving Party) (Motion to Lift Stay) Siena Lending Group Canada LLC – dated June 26, 2025
  • Counsel Lenczner Slaght LLP
PDF · Subscribers
Notice of Distribution – dated June 25, 2025PDF · Subscribers
Counsel Slip/Endorsement of Justice Steele (Siena Leading Group Canada LLC) – dated June 19, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Aide Memoire of the Applicant (Siena Lending Group Canada LLC) – dated June 16, 2025
  • Counsel Lenczner Slaght LLP
PDF · Subscribers
Endorsement of Justice Steele (Siena Lending Group Canada LLC) – dated June 4, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Notice of Distribution – dated June 2, 2025PDF · Subscribers
Service List – dated June 2, 2025
  • Counsel Blaney McMurtry LLP
PDF · Subscribers
Notice of Distribution – dated May 2, 2025PDF · Subscribers
Distribution Discharge and Fee Approval Order (Farm Credit Canada) – dated April 23, 2025
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement of Justice Steele (Farm Credit Canada) – dated April 23, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Notice of Distribution – dated March 28, 2025PDF · Subscribers
Ancillary Relief Order (Farm Credit Canada) – dated February 4, 2025
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Approval and Vesting Order – (Farm Credit Canada) – (Vigro Lands) – dated February 4, 2025
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement of Justice Steele (Farm Credit Canada) – dated February 4, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Factum of the Receiver (Motion for Sale Approval and Vesting Order and Ancillary Relief (Farm Credit Canada)- dated February 4, 2025
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Receivers Certificate – (Farm Credit Canada) -(Lajord) – dated January 30, 2025PDF · Subscribers
Motion Record (Motion for Sale Approval and Vesting Orders and Distribution and Fee Approval) (Farm Credit Canada) – dated January 27, 2025
  • Applicant FARM CREDIT CANADA
  • Appointee FTI Consulting Canada Inc.
  • Appointee role Receiver
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 2 more extracted facts
PDF · Subscribers
Receivers Certificate – (Farm Credit Canada) (Zealandia) – dated November 29, 2024PDF · Subscribers
Ancillary Relief Order – dated November 12, 2024
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Approval and Vesting Order – (Farm Credit Canada) (Lajord Property) – dated November 12, 2024
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Approval and Vesting Order – (Farm Credit Canada) (Zealandia Lands) – dated November 12, 2024
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Notice of Distribution – dated October 18, 2024PDF · Subscribers
Notice of Distribution – dated September 13, 2024PDF · Subscribers
Order – Approval of SISP and Key Consultant Retention Plan (Farm Canada Credit) – dated August 19, 2024
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Distribution Order – dated August 1, 2024
  • Counsel Blaney McMurtry LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement of Justice Steele – dated August 1, 2024
  • Presiding officer Justice Steele
PDF · Subscribers
First Report of Richter Inc. – dated July 29, 2024PDF · Subscribers
Motion Record and First Report of the Court-Appointed Receiver, Richter Inc. – dated July 29, 2024
  • Applicant SIENA LENDING GROUP CANADA LLC
  • Appointee Richter Inc.
  • Appointee role Court-appointed Receiver
  • Court SUPERIOR COURT OF JUSTICE
  • + 2 more extracted facts
PDF · Subscribers
Notice Statement Of Receiver – dated June 10 2024
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Receiver Order – Farm Credit Canada – dated May 31, 2024
  • Presiding officer Justice Steele
PDF · Subscribers
Receiver Order – Siena Lending Group Canada LLC – dated May 31, 2024
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement of Justice Steele (Farm Credit Canada) – dated May 30, 2024
  • Presiding officer Justice Steele
PDF · Subscribers
Application Record – dated May 23, 2024
  • Applicant SIENA LENDING GROUP CANADA LLC
  • Appointee Richter Inc.
  • Appointee role receiver
  • Commencement date 23 May 2024
  • + 3 more extracted facts
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., “GFI Brands Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/gfi-brands-inc

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Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/gfi-brands-inc

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.