Proceedings.

H12 Brands Inc. and 11157337 Canada Corp.

ActiveFollow
Proceeding
NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
File
31-2784080
Industry
Cannabis · Cannabis brands, wholesale & services
Filings held16
Last activity6 Jan 2022
On the record1,799 days
OverviewSummary updated

H12 Brands Inc. and 11157337 Canada Corp. are the subject of an Ontario proceeding begun by a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act dated November 19, 2021, file number 31-2784081, with Ernst & Young Inc. acting as licensed insolvency trustee. The matter is active. A statement of affairs for the combined estate, as at December 20, 2021, states assets of $55,143.77 against liabilities of $1,668,928.34 and a deficiency of $1,613,784.57, with no secured creditors listed. Go-To Spadina Adelaide Square Inc at $241,324.19 and Dentons Canada LLP at $79,356.12 head the unsecured list. Aurora Cannabis Enterprises Inc. is shown as a contingent claimant for $1,212,263.30 plus interest and costs on a statement of claim filed October 19, 2021, with nothing shown as expected to rank for dividend.

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Case updates16 dated entries
#Report

The officer filed a report. High Noon sold substantially all of its brand and intellectual property assets to MPX International prior to being deemed bankrupt, and the Trustee is now administering the wind-down of the estate, holding $55,000 in sale proceeds for potential creditor distribution.

Source: Preliminary Report of the Trustee

#Sale

The court granted an approval and vesting order for the sale to MPX International Corporation. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of Closing conditions.

Source: Approval and Vesting Order, Consolidation Order

#Report

An Order (the “Approval and Vesting Order”), substantially in the form filed in the motion record herein that, among other things, (collectively, the “Relief Sought”): a) administratively consolidates the NOI proceedings commenced by each of the Companies; b) approves the sale and transfer of substantially all of High Noon’s assets including its intellectual property and brands (the “Transaction”) pursuant to an Asset Purchase Agreement (the “Purchase Agreement”) dated November 30, 2021 between High Noon and MPX International Corporation (the “Purchaser”); c) authorizes the Companies to complete the Transaction and to take such additional steps and execute such additional documents as may be necessary or desirable for the completion of the Transaction and for the conveyance of the Purchased Assets to the Purchaser; and d) vests all of High Noon’s right, title and interest in and to the Purchased Assets in the Purchaser, or one or more of its designees, free and clear from any claims upon delivery by the Proposal Trustee of a certificate substantially in the form attached as Schedule “A” to the Approval and Vesting Order — Court officer certificate

PDF · Subscribers

Parties

Debtor

H12 Brands Inc. and 11157337 Canada Corp.

Proposal trustee

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PattilloOntario Superior Court of Justice1 order, Dec 202175 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorH12 Brands Inc. and 11157337 Canada Corp.Weisz Fell Kour LLP6 Dec 2021Factum · 6 Dec 2021
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
UnsecuredAurora Cannabis Enterprises Inc.Contingent/unliquidated claim; per note, Aurora filed statement of claim on Oct 19, 2021 for unpaid invoices of $1,212,263.30 plus interest and other costs; amount expected to rank for dividend shown as $0.00 — debtor: H12 Brands Inc. · as of 20 Dec 2021$1.21MNotice to Creditors
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

17 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Sale closed — High Noon completed the Transaction to sell and transfer substantially all of its assets to the PurchaserPreliminary Report of the Trustee · 6 Jan 2022

Parties solicited

16

First Report of the Trustee on Proposal

PurchaserPriceStatusSource
MPX International Corporationthe Purchased Assets (as defined and described in the Purchase Agreement) · asset sale · agreement 30 Nov 2021SubscribersClosed17 Dec 2021Preliminary Report of the Trustee
AdvisorsATB Capital Markets Inc. (financial advisor)First Report of the Trustee on Proposal
Closing termsVesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of Closing conditionsApproval and Vesting Order, Consolidation Order
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

Cash on hand

$55K

As at 6 Jan 2022Preliminary Report of the Trustee

The 2 totals the debtor stated at filing

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

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Documents
16 filings
DateDocumentFile
Preliminary Report of the Trustee
  • Closing confirmed Closed · 17 Dec 2021 · MPX International Corporation
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Notice to Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of Appointment 31-2784080PDF · Subscribers
Approval and Vesting Order, Consolidation Order
  • Closing terms Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of the Purchase Price and satisfaction/waiver of Closing conditions
  • Order date 7 December 2021
  • Presiding officer Justice Pattillo
  • Purchaser MPX International Corporation · the Purchased Assets (as defined and described in the Purchase Agreement) · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Blackline of Approval and Vesting OrderPDF · Subscribers
Draft OrderPDF · Subscribers
Factum of the Applicants
  • Counsel Weisz Fell Kour LLP
PDF · Subscribers
First Report of the Trustee on Proposal
  • Process results 16 solicited
  • Purchaser MPX International Corporation · substantially all of High Noon's assets, comprising its brands and related intellectual property · asset sale · proposed
  • Sale advisor ATB Capital Markets Inc. (financial advisor)
  • Sale outcome Approval pending — the Transaction, pursuant to the Purchase Agreement with MPXI, is pending approval by the Court
  • + 1 more extracted fact
PDF · Subscribers
An Order (the “Approval and Vesting Order”), substantially in the form filed in the motion record herein that, among other things, (collectively, the “Relief Sought”): a) administratively consolidates the NOI proceedings commenced by each of the Companies; b) approves the sale and transfer of substantially all of High Noon’s assets including its intellectual property and brands (the “Transaction”) pursuant to an Asset Purchase Agreement (the “Purchase Agreement”) dated November 30, 2021 between High Noon and MPX International Corporation (the “Purchaser”); c) authorizes the Companies to complete the Transaction and to take such additional steps and execute such additional documents as may be necessary or desirable for the completion of the Transaction and for the conveyance of the Purchased Assets to the Purchaser; and d) vests all of High Noon’s right, title and interest in and to the Purchased Assets in the Purchaser, or one or more of its designees, free and clear from any claims upon delivery by the Proposal Trustee of a certificate substantially in the form attached as Schedule “A” to the Approval and Vesting OrderPDF · Subscribers
1157337 Canada Corp. Creditors ListPDF · Subscribers
H12 Brands Inc Creditors ListPDF · Subscribers
11157337 NOI package to CreditorsPDF · Subscribers
H12 NOI Package to CreditorsPDF · Subscribers
11157337 Canada Corp Amended Certificate for the Notice of Intention 31-2784080
  • Appointee Ernst & Young Inc.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 19 November 2021
  • Court file no 31-2784080
  • + 1 more extracted fact
PDF · Subscribers
1157337 Canada Corp Certificate for the Notice of Intention 31-2784080
  • Appointee ERNST & YOUNG INC.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 19 November 2021
  • Court file no 31-2784080
  • + 1 more extracted fact
PDF · Subscribers
H12 Brands Inc Certificate for the Notice of Intention 31-2784081
  • Appointee ERNST & YOUNG INC.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 19 November 2021
  • Court file no 31-2784081
  • + 1 more extracted fact
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., “H12 Brands Inc. and 11157337 Canada Corp.” (NOI). Retrieved 5 November 2026, https://proceedings.ca/case/h12-brands-inc-and-11157337-canada-corp

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Sources last checked · summary updated 28 August 2026 · Report a correction · Printed from proceedings.ca/case/h12-brands-inc-and-11157337-canada-corp

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.