Proceedings.

High Park Farms Ltd.

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Proceeding
Bankruptcysection 38 of the Bankruptcy and Insolvency Act, RSC, 1985, c. B-3
File
BK-24-03064424-0031
Filings held8
Last activity22 Jul 2026
On the record61 days
OverviewSummary updated

High Park Farms Ltd. made an assignment for the general benefit of creditors on April 4, 2024, and the bankruptcy remains active. The Statement of Affairs, prepared from unaudited books and records supplied by the company, values the estate's assets at $2.00 at the date of bankruptcy: a prepaid utility deposit and a 50% interest in Cannfections Group, Inc., each carried at an estimated realizable value of $1.00. Liabilities are reported at $27,926,015.00, all unsecured, with secured, preferred and contingent claims shown as NIL. Proofs of claim actually filed with the trustee to date total $8,173,673.53. Two PPSA registrations stood against the company at the date of bankruptcy, by Meridian OneCap Credit Corp, which the trustee has not investigated, and by 1890856 Ontario Ltd., listed as discharged.

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Case updates8 dated entries
#Report

Company assigned itself into bankruptcy for the general benefit of creditors; the accompanying report sets out assets of $2.00 against reported liabilities of $27,926,015.00.

Source: Trustee Preliminary Report

Parties

Debtor

High Park Farms Ltd.

Trustee in bankruptcy

GlassRatner

Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4Secured1890856 Ontario Ltd.as of date of bankruptcy — PPSA (Ontario) registration against the Company — Registration listed as '(Discharged)'; Trustee believes related equipment was returned but the PPSA registration had not been subsequently discharged. Treat as discharged/inactive security, not a current secured claim. Per Statement of Affairs and claims filed with Trustee, secured claims are reported as NIL. — debtor: High Park Farms Ltd.Trustee Preliminary Report
4SecuredMeridian OneCap Credit Corp · in 20 casesas of date of bankruptcy — PPSA (Ontario) registration against the Company — Registrant listed as having security registered under the PPSA as at the date of bankruptcy; Trustee has not investigated the registration or confirmed a balance. Per Statement of Affairs and claims filed with Trustee, secured claims are reported as NIL. — debtor: High Park Farms Ltd.Trustee Preliminary Report
8UnsecuredUnsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs as at date of bankruptcy — Document names no individual unsecured creditors. Amount actually filed with Trustee (proofs of claim received) was $8,173,673.53, which is lower and separately reported as 'Filed with Trustee'. — debtor: High Park Farms Ltd.$27.9MTrustee Preliminary Report

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

RecoveriesAs stated in the filings

Preferred creditors: not yet estimated.Trustee Preliminary Report · 25 Apr 2024

ClassCreditorClaimsRecoveryBasisSource
Preferredpreferred or unsecured creditorsnot yet estimatedper the trusteeTrustee Preliminary Report · 25 Apr 2024

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$2
Total liabilities at filing$27.9M

per Statement of Affairs (unaudited books and records provided by the Company) · High Park Farms Ltd., entity-level — as at date of bankruptcy (April 4, 2024) — Assets comprise a $1.00 estimated realizable value Prepaid Utility Deposit and $1.00 estimated realizable value for a 50% interest in Cannfections Group, Inc., totaling $2.00. Total liabilities equal total claims per Statement of Affairs ($27,926,015.00), as secured/preferred/contingent claims are NIL. Amount actually filed with Trustee to date is $8,173,673.53 (lower, separately reported).

Documents8 filings
DateDocumentFile
Court Order of Justice Fl Myers
  • Applicant High Park Holdings Ltd.
  • Commencement date 22 July 2026
  • Court ONTARIO SUPERIOR COURT OF JUSTICE [COMMERCIAL LIST]
  • Court file no BK-24-03064424-0031
  • + 3 more extracted facts
PDF
Section 38 NoticePDF
Motion RecordPDF
Trustee Preliminary Report
  • Appointee B. Riley Farber Inc.
  • Appointee role Licensed Trustee
  • Commencement date 4 April 2024
  • Financial position Assets $2 · Liabilities $27.9M · as at — · per Statement of Affairs (unaudited books and records provided by the Company) · High Park Farms Ltd., entity-level — Assets comprise a $1.00 estimated realizable value Prepaid Utility Deposit and $1.00 estimated realizable value for a 50% interest in Cannfections Group, Inc., totaling $2.00. Total liabilities equal total claims per Statement of Affairs ($27,926,015.00), as secured/preferred/contingent claims are NIL. Amount actually filed with Trustee to date is $8,173,673.53 (lower, separately reported).
  • + 4 more extracted facts
PDF
Legal NoticePDF
Creditors PackagePDF
Endorsement of Justice Fl Myers
  • Presiding officer Justice Fl Myers
PDF
Certificate of AppointmentPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “High Park Farms Ltd.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/high-park-farms-ltd

Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/high-park-farms-ltd

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.