Global Food and Ingredients Inc. and GFI Brands Inc. have been in court-appointed receivership in the Ontario Superior Court of Justice since May 17, 2024, when Farm Credit Canada applied under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding is under court file CV-24-00720526-00CL before Justice Steele and remains active. FCC was owed $15,004,907.17 as at May 13, 2024, secured against term loan priority collateral comprising equipment and fixtures, intellectual property, real property including the Mortgaged Lands and Leasehold Interest, a $1,000,000 life insurance policy on David Hanna, and related books, records and proceeds. Siena Lending Group Canada LLC was owed $5,126,801.18 as at May 22, 2024 and 35 Oak Holdings Ltd. $525,000.00 as at May 30, 2024. Other creditors, roughly 150 trade, farm, carrier, professional and government claimants, totalled $6,551,904.99 as at May 30, 2024.
The officer filed report no. Final Report of the Receiver. Global Food Canada began an orderly wind-down and liquidation in March 2024; the FCC Secured Property was sold across three court-approved real property transactions, the Debtors no longer have any assets, and administration of the receivership is complete.
Source: Final Report of the Receiver
Factum of the Receiver (Motion for the Distribution, Discharge, and Fee Approval Order returnable April 23, 2025) — Application / notice of application
Motion Record (Motion for Discharge, Distribution, and Fee Approval Order returnable April 23, 2025) — Application / notice of application
The court granted an approval and vesting order for the sale to Foodlife Group Inc. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Vigro Purchaser confirming payment of the Purchase Price, satisfaction or waiver of the Article 6 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
Factum of the Receiver (Motion for Approval of SISP and Key Consultant Retention Plan, returnable August 19, 2024) — Sale process approval order
Motion Record (Approval of SISP and Key Consultant Retention Plan, returnable August 19, 2024) — Sale process approval order
Motion Record (Motion for Sale Approval and Vesting Orders and Ancillary Relief, returnable November 12, 2024) — Approval and vesting order
Motion Record (Motion for Sale Approval and Vesting Orders and Distribution returnable February 4, 2025) — Approval and vesting order
The court granted an approval and vesting order for the sale to C2 Farms. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's certificate to the Lajord Purchaser substantially in the form of Schedule A; the certificate confirms payment of the Purchase Price, satisfaction or waiver of the Article 6 closing conditions, and completion of the Transaction.
The court granted an approval and vesting order for the sale to Harvest Grain Zealandia Ltd. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Zealandia Purchaser confirming payment of the Purchase Price, satisfaction or waiver of Article 6 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
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.
Debtor
Global Food and Ingredients Inc. and GFI Brands Inc. (FCC receivership)
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 8 orders, May 2024 – Apr 2025 | 239 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Nov 2024 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | McCarthy Tétrault LLP | 19 Aug 2024 | Approval · 19 Aug 2024 |
| ReceiverRichter LLP for Siena Lending Group Canada LLC | Blaney McMurtry LLP | 18 Apr 2025 | Service list · 18 Apr 2025 |
| DebtorGlobal Food and Ingredients Inc. and GFI Brands Inc. (FCC receivership) | McMillan LLP | 18 Apr 2025 | Service list · 18 Apr 2025 |
| PurchaserC2 Farms | MLT Aikins LLP | 18 Apr 2025 | Service list · 18 Apr 2025 |
| PurchaserFoodlife Group Inc | Butz & Company | 18 Apr 2025 | Service list · 18 Apr 2025 |
| PurchaserHarvest Grain Zealandia Inc | McDougall Gauley LLP | 18 Apr 2025 | Service list · 18 Apr 2025 |
| CreditorSiena Lending Group Canada LLC | Goodmans LLP | 18 Apr 2025 | Service list · 18 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Farm Credit Canada · in 40 casesTerm Loan Priority Collateral (FCC Secured Property): equipment and fixtures, intellectual property, real property including the Mortgaged Lands and Leasehold Interest, $1,000,000 life insurance policy on David Hanna, related books and records and proceeds — Amount excludes professional fees, disbursements and accruing interest. — debtor: Global Food and Ingredients Inc. and GFI Brands Inc. · as of 13 May 2024 | $15M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
5 transactions · 5 closed — All three real property sales (Zealandia Lands, Leasehold Lands, Vigro Lands) have closed; the Debtors no longer have any assets and the receivership administration is complete.Final Report of the Receiver · 23 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| C2 Farmsthe Debtor's right, title and interest in and to the assets described in the Lajord Purchase Agreement (the Purchased Assets), including assignment of the Lajord lease · asset sale · agreement 4 Nov 2024 | Subscribers | Closed30 Jan 2025 | Fourth Report of the Receiver |
| Harvest Grain Zealandia Ltd.the Debtor's right, title and interest in and to the assets described in the Zealandia Purchase Agreement (the Zealandia Lands real property and personal property including equipment, bins and plants) · real property · agreement 4 Nov 2024 | not stated | Closed29 Nov 2024 | Final Report of the Receiver |
| Foodlife Group Inc.the Debtor's right, title and interest in and to the assets described in the Vigro Purchase Agreement (Vigro Lands, books and records, equipment and fixtures) · asset sale · agreement 2 Dec 2024 | Subscribers | Closed7 Mar 2025 | Fourth Report of the Receiver |
| purchaser of the Leasehold Lands not named in this reportthe real property located at 100 South Railway Avenue, Lajord No. 128, Saskatchewan (the 'Leasehold Lands') · real property | not stated | Closed30 Jan 2025 | Final Report of the Receiver |
| purchaser of the Vigro Lands not named in this reportthe real property located at R.M. of Lajord No 128, Lajord Saskatchewan (surface parcel #111788219) (the 'Vigro Lands') · real property | not stated | Closed7 Mar 2025outside 15 Nov 2024 | Final Report of the Receiver |
Closed · the record states no distribution outcome.
Cumulative receipts
$7.24M
As at 23 Apr 2026Final Report of the Receiver
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 |
|---|---|---|
| Discharge Certificate | PDF · Subscribers | |
Final Report of the Receiver
| PDF · Subscribers | |
Distribution, Discharge, and Fee Approval Order
| PDF · Subscribers | |
Endorsement of Justice Steele
| PDF · Subscribers | |
| Distribution, Discharge, and Fee Approval Order (Redline) | PDF · Subscribers | |
Distribution, Discharge, and Fee Approval Order (Second Revised)
| PDF · Subscribers | |
| Distribution, Discharge, and Fee Approval Order (Revised) | Trustee site | |
| Factum of the Receiver (Motion for the Distribution, Discharge, and Fee Approval Order returnable April 23, 2025) | Trustee site | |
Service List
| PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
| Motion Record (Motion for Discharge, Distribution, and Fee Approval Order returnable April 23, 2025) | PDF · Subscribers | |
| Receiver's Certificate (Vigro Purchase Agreement) | PDF · Subscribers | |
Ancillary Relief Order
| PDF · Subscribers | |
Approval and Vesting Order (Vigro Lands)
| PDF · Subscribers | |
| Factum of the Receiver (Motion for Sale Approval and Vesting Order and Ancillary Relief, returnable February 4, 2025) | PDF · Subscribers | |
| Ancillary Relief Order (Redline) | PDF · Subscribers | |
Ancillary Relief Order (Revised)
| PDF · Subscribers | |
| Receiver's Certificate (Lajord Purchase Agreement) | PDF · Subscribers | |
| Affidavit of Kristy Delure | PDF · Subscribers | |
| Applicant's Factum (Receivership Appointment) | PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Factum of the Receiver (Motion for Approval of SISP and Key Consultant Retention Plan, returnable August 19, 2024)
| PDF · Subscribers | |
| Factum of the Receiver (Motion for Sale Approval and Vesting Orders and Ancillary Relief, returnable November 12, 2024) | PDF · Subscribers | |
Motion Record (Approval of SISP and Key Consultant Retention Plan, returnable August 19, 2024)
| PDF · Subscribers | |
| Motion Record (Motion for Sale Approval and Vesting Orders and Ancillary Relief, returnable November 12, 2024) | PDF · Subscribers | |
| Motion Record (Motion for Sale Approval and Vesting Orders and Distribution returnable February 4, 2025) | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Receiver's Certificate (Zealandia Purchase Agreement) | PDF · Subscribers | |
Approval and Vesting Order (Lajord Property)
| PDF · Subscribers | |
Approval and Vesting Order (Zealandia Lands)
| PDF · Subscribers | |
| Extension of Outside Date | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Approval of SISP and Key Consultant Retention Plan
| PDF · Subscribers | |
| Sale and Investor Solicitation Process | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Order (Appointing Receiver)
| 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., “Global Food and Ingredients Inc. and GFI Brands Inc. (FCC receivership)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/global-food-and-ingredients-inc-and-gfi-brands-inc
Sources last checked · summary updated 30 September 2026 · Report a correction · Printed from proceedings.ca/case/global-food-and-ingredients-inc-and-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.