HempFusion Wellness Inc. filed an assignment in bankruptcy on June 21, 2023 under section 49 of the Bankruptcy and Insolvency Act, in British Columbia, with FTI Consulting Canada Inc. as trustee under court file no. 11-2957717. The Statement of Affairs sworn by co-founder and CEO Jason Mitchell put assets at $800,000.00 against liabilities of $2,245,410.78, a deficiency of $1,445,410.78. Odyssey Trust Company, as trustee for the convertible debenture holders, is the sole secured creditor at $869,623.80, secured by shares of HempFusion Inc. pledged March 15, 2022 and valued at $800,000.00, leaving a $69,623.80 shortfall carried as unsecured. List A unsecured claims total $1,375,786.98, led by MNP LLP at $662,573.14, Hybrid Financial Ltd. at $352,370.50 and McMillan LLP at $286,982.29. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed a report. The Company itself has no operations or bank accounts; its US subsidiary HFI is evaluating options to liquidate its assets and provide realizations to stakeholders, and there are no operations for the Trustee to carry on. Court file 11-2957717.
Source: Trustee's Report to Creditors on Preliminary Administration
1 earlier update, back to 21 June 2023 — subscribers.
Debtor
HempFusion Wellness Inc.
Trustee in bankruptcy
FTI
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Odyssey Trust Company, as Trustee for the Convertible Debenture HoldersOther - Shares of HempFusion Inc.; security given 15-Mar-2022; estimated value of security $800,000.00 — Statement of Affairs List 'B'; claim bifurcated by security valuation - balance of claim (unsecured shortfall after deducting estimated security value) of $69,623.80 shown separately — debtor: HempFusion Wellness Inc. · as of 21 Jun 2023 | $870K | Notice to Creditors |
Unsecured creditors: not yet estimated.Trustee's Report to Creditors on Preliminary Administration · 5 Jul 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | not yet estimated | per the trustee | Trustee's Report to Creditors on Preliminary Administration · 5 Jul 2023 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Trustee's Report to Creditors on Preliminary Administration
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Proof of Claim Form
| PDF · Subscribers | |
Proxy Form
| 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., “HempFusion Wellness Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/hempfusion-wellness-inc
Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/hempfusion-wellness-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.