Massive Hash Factory Ltd., CannMart Inc. and ANC I et al.
- Proceeding
- CCAACompanies' Creditors Arrangement Act
- File
- 2601-03798
- Industry
- Cannabis · Cannabis producers
Massive Hash Factory Ltd., CannMart Inc. and ANC Inc. et al. obtained protection under the Companies' Creditors Arrangement Act by an initial order made on 27 February 2026 in the Court of King's Bench of Alberta, on the application of Massive Hash Factory Ltd., CannMart Inc., ANC Inc., Simply Solventless Concentrates Ltd. and Humble Grow Corp. MNP Ltd. acts as monitor. A sale process was approved on 27 March 2026, with a phase one deadline of 8 May 2026 and a bid deadline of 25 May 2026. The stay of proceedings has been extended to 20 June 2026. Canada Revenue Agency is stated as a secured creditor for $10,000,000. The proceeding is carried on court file 2601-03798.
Monitor's Fourth Report: the applicants remain a going concern while the purchaser gathers funds for an increased required closing payment, and a stay extension is sought to allow closing; the applicants held approximately $68,000 at August 21, 2026.
Source: Fourth Report of the Monitor
The court granted a reverse vesting order approving the subscription agreement with 1001546386 Ontario Inc., the consideration being a credit bid plus cash for the CCAA process expense amount and the priority payables.
Monitor's Third Report: the applicants keep operating in the normal course while working to close the reverse vesting sale to the interim lender; receipts of $6,147,000 for the eleven weeks to May 29, 2026 ran below the $8,322,000 forecast.
Source: Third Report of the Monitor
The officer filed report no. Second Report. The SSC Entities continue ongoing operations while pursuing a Sale and Investment Solicitation Process (SISP) and seeking DIP financing and a stay extension to fund operations through the sale process.
Source: Second Report of the Monitor
The initial order of 27 February 2026 granted the applicants protection under the Act and appointed MNP Ltd. as monitor.
Source: Initial Order
Massive Hash Factory Ltd., CannMart Inc. and ANC Inc. — CCAA filed, Alberta.
Source: Initial Order
Case update
Massive Hash Factory: the closing payment that grew
In June Justice Mah approved the sale of CannMart, ANC and Massive Hash Factory to their $1.5 million interim lender for a credit bid plus cash then estimated at $300,000 and $600,000; that cash estimate has since risen, the applicants want the stay run to November 30 while the buyer, which the debtors' parent Simply Solventless Concentrates Ltd. helped fund, raises it, and the CRA has applied to lift the stay protecting sister company Humble Grow Corp.
Debtor
Massive Hash Factory Ltd., CannMart Inc. and ANC Inc.
Debtor
simply solventless concentrates ltd
Monitor
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mah | Court of King's Bench of Alberta | 2 orders, Jun 2026 | 78 cases on record |
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Feb 2026 – Mar 2026 | 39 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorMNP | Cassels Brock & Blackwell LLP | 5 Mar 2026 | Service list · 5 Mar 2026 |
| Debtorsimply solventless concentrates ltd | Stikeman Elliott LLP | 5 Mar 2026 | Service list · 5 Mar 2026 |
| Creditor6599362 Canada Ltd | MLT Aikins LLP | 23 Mar 2026 | Service list · 23 Mar 2026 |
| CreditorAltek Acquisition Partnership | HGA Law LLP | 5 Mar 2026 | Service list · 5 Mar 2026 |
| CreditorAxis Reinsurance / Amynta | Borden Ladner Gervais LLP | 23 Mar 2026 | Service list · 23 Mar 2026 |
| CreditorBoomer Logistics Corporation | Gardiner Roberts LLP | 17 Jun 2026 | Service list · 17 Jun 2026 |
| CreditorCannaworks Inc | McLennan Ross LLP | 5 Mar 2026 | Service list · 5 Mar 2026 |
| CreditorCcaa | Cassels Brock & Blackwell LLP | 20 Mar 2026 | Application · 20 Mar 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust class - Tax Arrears comprising federal excise tax ($1,518,377.76), GST/HST ($359,603.10), and payroll source deductions ($2,164,220.35) — debtor: MHF · as of 23 Feb 2026 | $4.05M | First Affidavit of W.MacDonald – Affirmed |
| 3 | Deemed trusts (CRA and other) | |||
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
153 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — Transaction approved via ARVO, not yet closed; Purchaser working to gather funds for increased Required Closing Payment; stay extension sought to allow closingFourth Report of the Monitor · 31 Aug 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001546386 Ontario Inc.the subscription agreement between Massive Hash Factory Ltd. ('MHF'), CannMart Inc. ('CannMart') and ANC Inc. ('ANC' and collectively, the 'Vendors'), and 1001546386 Ontario Inc. (the 'Purchaser') (the 'Agreement') and the transactions contemplated therein · share sale · ResidualCo: 2824690 Alberta Ltd. · agreement 17 Jun 2026 | Subscribers | Approved18 Jun 2026 | Order Approval and Reverse Vesting |
Cumulative receipts
$5.33M
As at 31 Aug 2026Fourth Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Stay of Proceedings Extension Order
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Application to Extend Stay
| PDF · Subscribers | |
Fourth Affidavit of W. MacDonald -Affirmed
| PDF · Subscribers | |
Order Approval and Reverse Vesting
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
| Affidavit of Jessica Watts | PDF · Subscribers | |
Service List June
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Application | PDF · Subscribers | |
| Filed Affidavit of W. Macdonald | PDF · Subscribers | |
| Filed Brief (AVRO & CCAA Termination) | PDF · Subscribers | |
Confidentiality and Non-Disclosure Agreement
| PDF · Subscribers | |
Sale and Investment Solicitation Process
| PDF · Subscribers | |
Sales Teaser
| PDF · Subscribers | |
DIP Financing and Stay Extension - Order
| PDF · Subscribers | |
Sale and Investment Solicitation Process - Approval
| PDF · Subscribers | |
| Secretarial Affidavit of J.Watts - Sworn | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Service List – dated 2026-03-23
| PDF · Subscribers | |
Application (Approval of DIP, Stay Extension and SISP)
| PDF · Subscribers | |
| Third Affidavit of W.MacDonald - Affirmed | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
Application (ARIO)
| PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
| Second Affidavit of W.MacDonald – Affirmed | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Bench Brief of Applicants | PDF · Subscribers | |
Book of Authorities
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Originating Application
| PDF · Subscribers | |
First Affidavit of W.MacDonald – Affirmed
| 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., “Massive Hash Factory Ltd., CannMart Inc. and ANC I et al.” (CCAA), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/massive-hash-factory-ltd-cannmart-inc-and-anc-inc