Joriki Inc.
- Proceeding
- CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36 and sections 128 and 129 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- File
- CV-25-00735458-00CL
Joriki Inc. and Joriki Topco Inc. commenced proceedings under the Companies' Creditors Arrangement Act in the Ontario Superior Court of Justice on January 22, 2025, with Alvarez and Marsal Canada Inc. as monitor. The Bank of Nova Scotia and The Toronto-Dominion Bank, as senior lenders, were owed approximately $192 million as at December 31, 2024 under senior secured facilities that are in default. On the initial order application the borrowers put forward a debtor-in-possession facility with a maximum principal amount of $1,200,000, to be secured by a super-priority DIP Lender's Charge over the property, subject to permitted priority liens. The proceedings are carried under court file no. CV-25-00735458-00CL and remain active.
The court granted an approval and vesting order for the sale to Long Way USA Corp. Closing terms, as extracted: Vesting of the Purchased Assets in the Buyer occurs upon delivery of the Monitor's Certificate to the Buyer. Sealed: Confidential Appendix (Appendix 'C') to the Third Report, sealed pending closing of the Forklift Transaction.
The court granted an approval and vesting order for the sale to Happy Planet Foods, Inc. Closing terms, as extracted: Vesting of the Purchased Assets in the Buyer occurs upon delivery of a Monitor's certificate to the Buyer, with the Monitor entitled to rely on written notice from the Seller and Buyer regarding fulfilment of closing conditions.
The court granted an approval and vesting order for the sale to Top Shelf Food and Beverage Corp. Closing terms, as extracted: Vesting of the Purchased Assets in the Buyer occurs upon delivery by the Monitor to the Buyer of the Monitor's Certificate, substantially in the form of Schedule 'A'.
Auction And Liquidation Approval Order (Pickering Facility) was filed.
Source: Auction And Liquidation Approval Order (Pickering Facility)
Application Record (CCAA Application Returnable January 28, 2025) was filed. Court file CV-25-00735458-00CL.
Source: Application Record (CCAA Application Returnable January 28, 2025)
Case update
Joriki: a motion to make the recall insurers pay
With its plants sold and the proceeds paid to its senior lenders, Joriki's most significant remaining asset is its insurance claim over the 2024 Silk and Great Value listeria recall — coverage it says HDI confirmed in February and has not paid — and Justice Conway has set November 3 to hear its motion to compel HDI to pay the $5,000,000 policy limit and Intact $1,024,300.26.
Debtor
Joriki Inc.
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 7 orders, Jan 2025 – Jun 2025 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlvarez & Marsal | Osler, Hoskin & Harcourt LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| ApplicantJoriki Inc. | Goldman Sloan Nash & Haber LLP · Goodmans LLP | 22 Jan 2025 | Service list · 21 Nov 2025 |
| CreditorAllison Posen | Arthur J. Gallagher & Co. | 21 Nov 2025 | Service list · 21 Nov 2025 |
| CreditorBrandon Gabriel and Melinda Bige in Proposed British Columbia Class Proceeding | Slater Vecchio LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| CreditorElopak Canada Inc | Borden Ladner Gervais LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| CreditorK. Guller, LCC | Fenningham, Dempster & Coval LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| CreditorSaro Turner | Slater Veccio LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| CreditorSenior | McMillan LLP | 21 Nov 2025 | Service list · 21 Nov 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Bank of Nova Scotia and The Toronto-Dominion Bank (Senior Lenders)Senior Secured Facilities (secured creditor agreements, as amended and restated); in default — Approximate figure stated in prose ('approximately $192 million'); Senior Lenders expected to incur significant shortfall upon completion of CCAA Proceedings and Chapter 7 Case — debtor: Joriki Inc. (borrower); Joriki USA Inc. and Joriki TopCo Inc. (guarantors) · as of 31 Dec 2024 | $192M | First Report of the Proposal Trustee |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
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See all plans6 transactions · 3 closed · 2 proposed · 1 approved — Monitor certifies the Buyer has satisfied the Purchase Price for the Purchased Assets under the Forklift Bill of Sale; vesting effective upon delivery of the certificate.Monitor’s Certificate (Forklift Transaction) · 30 Jun 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamed prospective purchaser under a letter of intent for the Delta facility assets (turn-key transaction); definitive documentation still being advancedassets at the Delta facility, including assignment of the real property lease · asset sale | not stated | Proposed | First Report of the Proposal Trustee |
| unnamed prospective purchaser under a letter of intent for the Toronto facility assets (turn-key transaction); definitive documentation still being advancedassets at the Toronto facility, including assignment of the real property lease · asset sale | not stated | Proposed | First Report of the Proposal Trustee |
| end purchasers of individual Assets at auction/liquidation, unnamedthe Assets · auction | not stated | Approved28 Jan 2025 | Auction And Liquidation Approval Order… |
| Happy Planet Foods, Inc.the Seller's right, title, and interest in and to the Purchased Assets (as defined in the Delta Facility Purchase Agreement) — the Delta Facility Transaction · asset sale · agreement 31 Jan 2025 | Subscribers | Closed7 Mar 2025 | Third Report of the Monitor |
| Top Shelf Food and Beverage Corp.Joriki Inc.'s right, title and interest in the Purchased Assets of the Toronto facility (Toronto Facility Transaction) · asset sale · agreement 20 Feb 2025 | Subscribers | Closed28 Feb 2025 | Third Report of the Monitor |
| Long Way USA Corp.the Purchased Assets (forklift assets) of Joriki Inc. under the Forklift Bill of Sale · asset sale · agreement 14 May 2025 | Subscribers | Closeddate not stated | Monitor’s Certificate (Forklift Transaction) |
2 engagements · 2 firms — latest: Osler, Hoskin & Harcourt LLP, 21 Jan – 23 Mar 2025, in feesSecond Report of the Monitor · 24 Mar 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Alvarez & Marsal Canada Inc.Monitor | 26 Jan – 22 Mar 2025 | — | — | not stated | Second Report of the Monitor · 24 Mar 2025 |
| Osler, Hoskin & Harcourt LLPCounsel to the trustee | 21 Jan – 23 Mar 2025 | Second Report of the Monitor · 24 Mar 2025 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Fourth Report of the Monitor | PDF · Subscribers | |
| Aide Memoire | PDF · Subscribers | |
Endorsement of Justice Conway
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Monitor’s Certificate (Forklift Transaction)
| PDF · Subscribers | |
Endorsement of Justice Osborne
| PDF · Subscribers | |
| Factum | PDF · Subscribers | |
| Motion Record | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Approval and Vesting Order (Forklift Transaction)
| PDF · Subscribers | |
| Monitor’s Certificate | PDF · Subscribers | |
Expansion of Monitor’s Powers and CCAA Termination Order
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Monitor’s Certificate (Toronto Transaction)
| PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Ancillary Relief Order
| PDF · Subscribers | |
Approval and Vesting Order (Toronto Facility)
| PDF · Subscribers | |
Approval and Vesting Order (Delta Facility)
| PDF · Subscribers | |
Monitor’s Certificate (Delta Transaction)
| PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Application Record (CCAA Application Returnable January 28, 2025)
| PDF · Subscribers | |
Auction And Liquidation Approval Order (Pickering Facility)
| PDF · Subscribers | |
Initial Order
| 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., “Joriki Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/joriki-inc