Janmar Investments (Alberta) Ltd. has been in court-appointed receivership since March 4, 2024, when the Court of King's Bench of Alberta granted a receivership order under Court File No. 2403 03944. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and it remains active. Nothing further has been recorded on the file since the appointment, so the receivership stands where it began, with the order itself the only milestone on the record.
The court granted an approval and vesting order for the sale to 2682088 Alberta Ltd. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate; tenant to provide vacant possession by May 6, 2025.
Source: Approval and Vesting Order
The officer filed report no. Second Report. The Receiver continued managing the Janmar Lands and collecting rent from tenant Tristar, disclaimed the Tristar lease per court order, ran a sales process leading to an accepted purchase agreement with 268, and now seeks approval of that sale and a proposed interim distribution of proceeds.
Put Janmar Investments (Alberta) Ltd. into court-appointed receivership under Court of King's Bench of Alberta file 2403 03944, commencing the proceeding.
Source: Receivership Order
Debtor
Janmar Investments (Alberta) Ltd.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesGST claim for period ending May 31, 2023, per CRA statement dated July 15, 2024; deemed-trust class quasi-governmental claim. Document expressly states CRA 'has not registered a secured interest in the Janmar Lands' and Exhibit 'A' creditor mailing list classifies CRA as an unsecured creditor. — debtor: Janmar Investments (Alberta) Ltd. · as of 15 Jul 2024 | $7.38K | Receiver's First Report to Court |
| 4 | Secured | Roynat Inc. · in 47 casesMortgage registered against the Janmar Lands March 6, 2017 (land title shows original principal amount of $11,000,000, a registration figure not a balance) plus General Security Agreement registered on PPR February 15, 2017 against all present and after-acquired personal property; also holds an Assignment of Rents and Leases caveat registered March 6, 2017 — Amount owed 'as at February 23, 2024 plus accrued interest and costs' per Receiver's First Report (para. 14); Notice and Statement of Receiver (July 3, 2024) restates the identical $5,516,385.13 figure. — debtor: Janmar Investments (Albert · as of 23 Feb 2024 | $5.52M | Receiver's First Report to Court |
| 4 | Secured | Regional Municipality of Wood Buffalo · in 10 casesas of September 26, 2029 (as stated in the document; report is dated September 27, 2024, so this date appears to be a typographical error, likely intended as September 26, 2024) — Statutory municipal property tax lien on the Janmar Lands — Estimated total balance outstanding after Receiver remitted $66,000 toward property tax arrears/penalties. Prior figures in same paragraph: $35,808.35 in prior-year levies plus $50,932.22 in current-year levies (applied May 3, 2024) = stated total of $86,740.57 'as at the date of Receivership' (June 27, 2024); a further $7,762.56 in additional penalties/fees | $28.5K | Receiver's First Report to Court |
| 4 | Secured | Merchant Opportunities Fund Limited Partnership · in 20 casesPPSA registration March 22, 2024 (Reg. #24032221623) against all present and after-acquired personal property of the debtors, including future debit/credit card receivables; blanket all-property registrant — Receiver is not aware of any specific secured interest registered by Merchant against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used where current amounts owed are not yet known. — debtor: Janmar Investments (Alberta) Ltd. | — | Receiver's First Report to Court |
| 4 | Secured | Business Development Bank of Canada (BDC) · in 241 casesPPSA registration on April 27, 2023 against all present and after-acquired personal property of Janmar; blanket all-property registrant — Receiver is not aware of any specific secured interest registered by BDC against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used 'where current amounts owed are not yet known.' — debtor: Janmar Investments (Alberta) Ltd. | — | Receiver's First Report to Court |
| 4 | Secured | Computershare Trust Company of Canada · in 31 casesPPSA registration October 24, 2023 (Reg. #23102416721), secured party address c/o Peakhill Capital Inc.; collateral described as 'all present and future indebtedness of 114 Development Ltd.' owed to the debtors (Janmar is a listed debtor on this registration along with TID Holdings Inc., 1406676 Alberta Ltd., W.F. Fleming Holdings Ltd., 2340355 Alberta Ltd. and Ward/Lesley Fleming) — Receiver is not aware of any specific secured interest registered by Computershare against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used w | — | Receiver's First Report to Court |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale approved — The Transaction is hereby approvedApproval and Vesting Order · 5 Mar 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2682088 Alberta Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 30 Jan 2025 | SealedThe 268 Purchase Agreement includes a combination of an assumption/transfer of the existing debt with the primary secured creditor and a cash payment. | Approved5 Mar 2025 | Approval and Vesting Order |
Roynat Inc.: shortfall.EstimatedReceiver's Second Report to Court · 20 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Roynat Inc. | — | shortfall | Estimatedper the receiver | Receiver's Second Report to Court · 20 Feb 2025 |
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.
2 engagements · 2 firms — latest: Emery Jamieson LLP, —, $13,627.50 in feesReceiver's Second Report to Court · 20 Feb 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Emery Jamieson LLPCounsel to the receiver | — | — | $13,627.50ex. tax | not stated | Receiver's Second Report to Court · 20 Feb 2025 |
| MNP Ltd.Receiver | — | 63.4 | $34,151.50total | not stated | Receiver's Second Report to Court · 20 Feb 2025 |
As at 3 Jul 2024 · per Land/building value is the 2024 property tax assessed value (per Notice and Statement of Receiver footnote); liabilities figure is the Receiver's estimate of amounts owed to creditors holding a security interest in the Property, with several component amounts (BDC, Computershare, Merchant) listed only as $1.00 placeholders because current amounts owed were 'not yet known' · Single-asset scope limited to the Janmar Lands (370 Falconer Crescent, Fort McMurray) owned by Janmar Investments (Alberta) Ltd.; secured creditors only, not the Company's total liabilities (e.g., excludes unsecured creditors such as CRA and municipal current-year charges detail) — Figures are drawn from the Notice and Statement of the Receiver (BIA s.245(1)/246(1)) dated July 3, 2024; both totals are expressly labelled 'approximation' by the Receiver.
Cumulative receipts
$252K
As at 20 Feb 2025Receiver's Second Report to Court
Cumulative disbursements
$146K
As at 20 Feb 2025Receiver's Second Report to Court
Professional fees to date
$34.2K
As at 20 Feb 2025Receiver's Second Report to Court
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| ||
| Restricted Access Order | ||
Receiver's Second Report to Court
| ||
| Service List | ||
| Order | ||
| Restricted Court Access Order | ||
Receiver's First Report to Court
| ||
Receivership Order
| ||
Application
| ||
Affidavit of Cian McDonnell
| ||
| Bench Brief | ||
Statement of Claim
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Janmar Investments (Alberta) Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/janmar-investments-alberta-ltd
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/janmar-investments-alberta-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.