nGrain (Canada) Corporation
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3, and section 13(2) of the Judicature Act, RSA 2000, c.J-2
- File
- 2401 02224
- Industry
- Technology, media & telecom
nGrain (Canada) Corporation has been in court-appointed receivership since February 22, 2024, when the Court of King's Bench of Alberta pronounced a receivership order against it. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, and is carried on the Alberta court's file number 2401-02224. The receivership remains active. No further steps have been recorded in the proceeding since the order was granted.
75948265_1_Letter to Calgary Commercial Coordinator re_ unfiled Application materials - March 22, 2024 — Application / notice of application
The Court of King's Bench of Alberta pronounced a receivership order over nGrain (Canada) Corporation, commencing the proceeding under court file 2401-02224.
Source: Receivership Order - Filed
Debtor
nGrain (Canada) Corporation
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hollins | Court of King's Bench of Alberta | 2 orders, Feb 2024 | 26 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverEY | Miller Thomson LLP | 3 Mar 2024 | Service list · 3 Mar 2024 |
| ApplicantATB Financial | McCarthy Tétrault LLP | 3 Mar 2024 | Service list · 3 Mar 2024 |
| CreditorATB Financial | McCarthy Tétrault LLP | 22 Mar 2024 | Application · 22 Mar 2024 |
| CreditorCarbon Royal Corp | Burnet Duckworth & Palmer LLP | 3 Mar 2024 | Service list · 3 Mar 2024 |
| CreditorFiera Private Debt Fund VI LP and Fiera Private Debt Fund GP Inc | Thornton Grout Finnigan LLP | 3 Mar 2024 | Service list · 3 Mar 2024 |
| CreditormCloud Technologies Services Inc., mCloud Tecnologies Corp., mCloud, Technologies (USA) Inc., nGRAIN (Canada) Corporation, mCloud Technologies (Canada) Holdings | Blue Rock Law LLP · DS Avocats Canada s.e.n.c.r.l., s.r.l. | 3 Mar 2024 | Service list · 3 Mar 2024 |
| Creditormore information relating to Webex protocols and procedures, please visit | Miller Thomson LLP | 22 Mar 2024 | Service list · 22 Mar 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | ATB Financial · in 59 casesGeneral Security Agreements (GSAs) dated June 18, 2021 (Borrower, mCloud Technologies, mCloud USA, nGRAIN), November 8, 2021 (Field), and November 22, 2021 (mCloud Canada) over all present and after-acquired personal property; Unlimited Continuing Guarantees (with Postponement and Assignment of Claims) from each Guarantor; Negative Pledge Agreement dated June 18, 2021 over Borrower's intellectual property; Blocked Account Agreement dated June 17, 2021 over HSBC blocked accounts — Non-revolving demand term loan facility (Credit Facility) had a stated maximum/original amount of $3,393,083; the C · as of 13 Feb 2024 | $3.81M | Affidavit of Ian Mark Philip (ATB) |
| Secured |
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy & Creditor Package
| PDF · Subscribers | |
| Offers to Purchase | PDF · Subscribers | |
75942428_1_Letter to Service List - March 22, 2024
| PDF · Subscribers | |
75946387_1_Unfiled Application
| PDF · Subscribers | |
| 75947357_1_Unfiled Brief | PDF · Subscribers | |
75948265_1_Letter to Calgary Commercial Coordinator re_ unfiled Application materials - March 22, 2024
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Receivership Order - Filed
| PDF · Subscribers | |
Sealing Order - Filed
| PDF · Subscribers | |
Affidavit of Ian Mark Philip (ATB)
| 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., “nGrain (Canada) Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/ngrain-canada-corporation