GFI Brands Inc.
Follow- 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
- File
- CV-24-00720526-00CL
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.
Motion Record of thr Receiver, Richter Inc. – dated March 12, 2026 — Application / notice of application
Factum of the Applicant (Moving Party) (Motion to Lift Stay) Siena Lending Group Canada LLC – dated June 26, 2025 — Application / notice of application
Counsel Slip/Endorsement of Justice Steele (Siena Leading Group Canada LLC) – dated June 19, 2025 — Endorsement / reasons
Aide Memoire of the Applicant (Siena Lending Group Canada LLC) – dated June 16, 2025 — Application / notice of application
Endorsement of Justice Steele (Siena Lending Group Canada LLC) – dated June 4, 2025 — Endorsement / reasons
Distribution Discharge and Fee Approval Order (Farm Credit Canada) – dated April 23, 2025 — Distribution order
Endorsement of Justice Steele (Farm Credit Canada) – dated April 23, 2025 — Endorsement / reasons
Approval and Vesting Order – (Farm Credit Canada) – (Vigro Lands) – dated February 4, 2025 — Approval and vesting order
Endorsement of Justice Steele (Farm Credit Canada) – dated February 4, 2025 — Endorsement / reasons
Factum of the Receiver (Motion for Sale Approval and Vesting Order and Ancillary Relief (Farm Credit Canada)- dated February 4, 2025 — Application / notice of application
Receivers Certificate – (Farm Credit Canada) -(Lajord) – dated January 30, 2025 — Court officer certificate
Motion Record (Motion for Sale Approval and Vesting Orders and Distribution and Fee Approval) (Farm Credit Canada) – dated January 27, 2025 — Application / notice of application
Receivers Certificate – (Farm Credit Canada) (Zealandia) – dated November 29, 2024 — Court officer certificate
Approval and Vesting Order – (Farm Credit Canada) (Lajord Property) – dated November 12, 2024 — Approval and vesting order
Approval and Vesting Order – (Farm Credit Canada) (Zealandia Lands) – dated November 12, 2024 — Approval and vesting order
Order – Approval of SISP and Key Consultant Retention Plan (Farm Canada Credit) – dated August 19, 2024 — Sale process approval order
Motion Record and First Report of the Court-Appointed Receiver, Richter Inc. – dated July 29, 2024 — Application / notice of application
Endorsement of Justice Steele (Farm Credit Canada) – dated May 30, 2024 — Endorsement / reasons
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.
Debtor
GFI Brands Inc.
Receiver
Richter
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 12 orders, May 2024 – Jun 2025 | 220 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Mar 2026 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI Consulting Canada Inc | McCarthy Tétrault LLP | 2 Jun 2025 | Service list · 2 Jun 2025 |
| ReceiverRichter | Blaney McMurtry LLP Previously McCarthy Tétrault LLP (last seen 23 Apr 2025) | 19 Aug 2024 | Service list · 2 Jun 2025 |
| ApplicantSiena Lending Group Canada LLC | Goodmans LLP | 2 Jun 2025 | Service list · 2 Jun 2025 |
| DebtorGFI Brands Inc. | McMillan LLP | 2 Jun 2025 | Service list · 2 Jun 2025 |
| CreditorSiena Lending Group Canada LLC | Lenczner Slaght LLP | 16 Jun 2025 | Application · 16 Jun 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Farm Credit Canada · in 34 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 | $14.9M | Notice Statement Of Receiver – dated June 10 2024 |
| 4 | Secured | Siena Lending Group Canada LLCCharge over ABL Priority Collateral — Amount reported in $000's; inclusive of closing fees and early termination fees of $600K per loan agreement; reconciled with mailing list exact figure $4,184,515.26 (page 5). Applicant for receivership order. — debtor: GFI Brands Inc. · as of 30 May 2024 | $4.18M | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesItemised list also provided in Schedule A (page 5): Alnoor Sheriff $30,923.58; Brand Pioneers LLC $8,209.80; Clark's Nutritional Centre, Inc $102.62; PDS Transportation Services Inc. $14,277.61; Universite Laval $26,805.00; Westmark Fashion Distribution Services Ltd $3,245.56. — debtor: GFI Brands Inc. · as of 30 May 2024 | $83.6K | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Alnoor Sheriffdebtor: GFI Brands Inc. · as of 30 May 2024 | $30.9K | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Universite Laval · in 2 casesdebtor: GFI Brands Inc. · as of 30 May 2024 | $26.8K | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | PDS Transportation Services Inc.Address in USA; currency inferred as USD. — debtor: GFI Brands Inc. · as of 30 May 2024 | $14.3K USD | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Brand Pioneers LLCAddress in USA; currency inferred as USD. — debtor: GFI Brands Inc. · as of 30 May 2024 | $8.21K USD | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Westmark Fashion Distribution Services Ltddebtor: GFI Brands Inc. · as of 30 May 2024 | $3.25K | Notice Statement Of Receiver – dated June 10 2024 |
| 8 | Unsecured | Clark's Nutritional Centre, IncAddress in USA; currency inferred as USD. — debtor: GFI Brands Inc. · as of 30 May 2024 | $103 USD | Notice Statement Of Receiver – dated June 10 2024 |
Unsecured creditors: no distribution. Siena and FCC short.FinalFinal Report of the Receiver · 13 Jul 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Siena and FCC | — | shortfall | Finalper the receiver | Final Report of the Receiver · 13 Jul 2026 |
| Unsecured | — | — | no distribution | Finalper the receiver | Final 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.
As at 30 Mar 2024 · per Company's most current internal, unaudited financial statements; book values, not realizable value · GFI Brands Inc. (entity level) — Figures stated in $000's CAD. Total secured obligations of $19,066K reported separately as at Appointment Date (May 30, 2024); not combined here as total liabilities were not stated as a single figure covering all liabilities.
| Date | Document | File |
|---|---|---|
Final Report of the Receiver – dated July 13, 2026
| ||
| Receiver’s Discharge Certificate – dated July 13, 2026 | ||
Counsel Endorsement Slip – dated March 25, 2026
| ||
Discharge Order – dated March 25, 2026
| ||
| Motion Record of thr Receiver, Richter Inc. – dated March 12, 2026 | ||
| 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, 2026 | ||
Factum of the Applicant (Moving Party) (Motion to Lift Stay) Siena Lending Group Canada LLC – dated June 26, 2025
| ||
| Notice of Distribution – dated June 25, 2025 | ||
Counsel Slip/Endorsement of Justice Steele (Siena Leading Group Canada LLC) – dated June 19, 2025
| ||
Aide Memoire of the Applicant (Siena Lending Group Canada LLC) – dated June 16, 2025
| ||
Endorsement of Justice Steele (Siena Lending Group Canada LLC) – dated June 4, 2025
| ||
| Notice of Distribution – dated June 2, 2025 | ||
Service List – dated June 2, 2025
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| Notice of Distribution – dated May 2, 2025 | ||
Distribution Discharge and Fee Approval Order (Farm Credit Canada) – dated April 23, 2025
| ||
Endorsement of Justice Steele (Farm Credit Canada) – dated April 23, 2025
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| Notice of Distribution – dated March 28, 2025 | ||
Ancillary Relief Order (Farm Credit Canada) – dated February 4, 2025
| ||
| Approval and Vesting Order – (Farm Credit Canada) – (Vigro Lands) – dated February 4, 2025 | ||
Endorsement of Justice Steele (Farm Credit Canada) – dated February 4, 2025
| ||
Factum of the Receiver (Motion for Sale Approval and Vesting Order and Ancillary Relief (Farm Credit Canada)- dated February 4, 2025
| ||
| Receivers Certificate – (Farm Credit Canada) -(Lajord) – dated January 30, 2025 | ||
Motion Record (Motion for Sale Approval and Vesting Orders and Distribution and Fee Approval) (Farm Credit Canada) – dated January 27, 2025
| ||
| Receivers Certificate – (Farm Credit Canada) (Zealandia) – dated November 29, 2024 | ||
Ancillary Relief Order – dated November 12, 2024
| ||
| Approval and Vesting Order – (Farm Credit Canada) (Lajord Property) – dated November 12, 2024 | ||
| Approval and Vesting Order – (Farm Credit Canada) (Zealandia Lands) – dated November 12, 2024 | ||
| Notice of Distribution – dated October 18, 2024 | ||
| Notice of Distribution – dated September 13, 2024 | ||
Order – Approval of SISP and Key Consultant Retention Plan (Farm Canada Credit) – dated August 19, 2024
| ||
Distribution Order – dated August 1, 2024
| ||
Endorsement of Justice Steele – dated August 1, 2024
| ||
| First Report of Richter Inc. – dated July 29, 2024 | ||
Motion Record and First Report of the Court-Appointed Receiver, Richter Inc. – dated July 29, 2024
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Notice Statement Of Receiver – dated June 10 2024
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Receiver Order – Farm Credit Canada – dated May 31, 2024
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Receiver Order – Siena Lending Group Canada LLC – dated May 31, 2024
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Endorsement of Justice Steele (Farm Credit Canada) – dated May 30, 2024
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Application Record – dated May 23, 2024
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “GFI Brands Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/gfi-brands-inc