Junction Craft Brewing Inc.
- Proceeding
- NOIsubsection 50.4(1) of the Act
- File
- 31-2774500
- Industry
- Manufacturing · Food & beverage manufacturing
Junction Craft Brewing Inc. filed a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act on October 15, 2021, before the Ontario Superior Court of Justice (Commercial List), under estate file 31-2774500. Richter Advisory Group Inc. is named as licensed insolvency trustee. Its list of creditors records unsecured claims including $842,961.75 owed to Farm Credit Canada, $489,652.65 to Steve Dobronyi, $417,411.93 to Ed Lycklama and $350,482.40 to Tom Schmidt. The matter remains active.
Proposal Trustee’s Trustee’s ResidualCo Certificate – dated December 30, 2021 — Court officer certificate
The court granted an approval and vesting order for the sale to 1000003509 Ontario Limited. Closing terms, as extracted: Closing occurs via delivery of two Proposal Trustee's certificates: the ResidualCo Certificate transferring Excluded Assets/Liabilities to ResidualCo, followed by bankruptcy of ResidualCo, then the Share Sale Certificate vesting the New Class A Shares in the Purchaser.
Source: Approval and Vesting Order – dated December 17, 2021
The officer filed report no. Second Report. Junction continued operating its craft brewery business as a going concern during the NOI proceedings while conducting a court-supervised sale process, ultimately resulting in a share purchase transaction with the stalking horse purchaser to preserve jobs and continue operations.
Motion Record (returnable December 17, 2021) – dated December 14, 2021 — Application / notice of application
The court approved a sale and investment solicitation process.
Source: Order (re Sale Process and ancillary relief) – dated November 8, 2021
The officer filed report no. First Report. Junction continues to operate its brewery and taproom business while pursuing a court-supervised Sale Process under NOI proceedings, relying on interim DIP financing to fund ongoing operations given insufficient liquidity. Court file 31-2774500.
Motion Record (returnable November 8, 2021) – dated November 1, 2021 — Application / notice of application
Certificate of Filing a Notice of Intention to Make a Proposal – dated October 15, 2021 was filed. Court file 31-2774500.
Source: Certificate of Filing a Notice of Intention to Make a Proposal – dated October 15, 2021
Undated filings1 — no date appears on the document · show
Debtor
Junction Craft Brewing Inc.
Proposal trustee
Richter
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 5 orders, Nov 2021 – Dec 2021 | 196 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeRichter | Aird & Berlis LLP | 17 Dec 2021 | Order · 17 Dec 2021 |
| DebtorJunction Craft Brewing Inc. | Chaitons LLP | 17 Dec 2021 | Order · 17 Dec 2021 |
| CreditorDavid Hayes | MacDonald Sager Manis LLP | — | Service list |
| CreditorFarm Credit Canada | Harrison Pensa LLP | — | Service list |
| CreditorTHOMAS SCHMIDT, EDWARD LYCKLAMA, TRAVIS GRIFFITH, and PAUL WRIGHT | Loopstra Nixon LLP | — | Service list |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Farm Credit Canada · in 40 casesas of NOI filing date — Listed as unsecured on this creditor list; document does not indicate security — debtor: Junction Craft Brewing Inc. | $843K | Notice of Intention to Make a Proposal – dated October 22, 2021 |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
130 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSuccessful bid selected — No offers other than the offer from the Stalking Horse Purchaser were received; the Stalking Horse Purchaser was deemed the winning bidder pending Court approvalSecond Report of Richter Advisory Group Inc. in its capacity as Trustee… · 14 Dec 2021
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000003509 Ontario LimitedStalking horsethe New Class A Shares · share sale · ResidualCo: 1000054770 Ontario Inc. · agreement 5 Nov 2021 | Subscribers | Closeddate not stated | Proposal Trustee’s Trustee’s ResidualCo… |
3 engagements · 2 firms — latest: Aird & Berlis LLP, 14 Nov – 30 Nov 2021, Second Report of Richter Advisory Group Inc. in its capacity as Trustee… · 14 Dec 2021
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounselperiod 2 of 2 | 14 Nov – 30 Nov 2021 | — | Second Report of Richter Advisory Group Inc. in its capacity as Trustee… · 14 Dec 2021 | ||
| Aird & Berlis LLPCounselperiod 1 of 2 | — | — | — | Motion Record (returnable December 17, 2021) · 14 Dec 2021 | |
| Richter Inc.Financial advisor | the Period | — | Motion Record (returnable December 17, 2021) · 14 Dec 2021 |
5 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$200K
As at 11 Dec 2021Second Report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to make a Proposal of Junction Craft Brewing Inc. – dated December 14, 2021
Professional fees
As at
1 more reported figure, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Proposal Trustee’s Certificate – dated January 4, 2022 | PDF · Subscribers | |
Proposal Trustee’s Trustee’s ResidualCo Certificate – dated December 30, 2021
| PDF · Subscribers | |
Endorsement of Penny J – dated December 20, 2021
| PDF · Subscribers | |
Approval and Vesting Order – dated December 17, 2021
| PDF · Subscribers | |
Junction Order – dated December 17, 2021
| PDF · Subscribers | |
Motion Record (returnable December 17, 2021) – dated December 14, 2021
| PDF · Subscribers | |
Second Report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to make a Proposal of Junction Craft Brewing Inc. – dated December 14, 2021
| PDF · Subscribers | |
| Endorsement- dated November 8, 2021 | PDF · Subscribers | |
Junction Order – dated November 8, 2021
| PDF · Subscribers | |
Order (re Sale Process and ancillary relief) – dated November 8, 2021
| PDF · Subscribers | |
Supplement to the First Report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal – dated November 5, 2021
| PDF · Subscribers | |
First report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal – dated November 2, 2021
| PDF · Subscribers | |
Motion Record (returnable November 8, 2021) – dated November 1, 2021
| PDF · Subscribers | |
Notice of Intention to Make a Proposal – dated October 22, 2021
| PDF · Subscribers | |
Acquisition Opportunity: Toronto Craft Brewery
| PDF · Subscribers | |
Certificate of Filing a Notice of Intention to Make a Proposal – dated October 15, 2021
| PDF · Subscribers | |
Service List
| 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., “Junction Craft Brewing Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/junction-craft-brewing-inc