Northorizon Farms Inc. has been in court-appointed receivership since March 11, 2025, when the Ontario Superior Court of Justice appointed BDO Canada Limited as receiver under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application was brought by Agriroots Realty Inc., as general partner for Agriroots Diversified Lending Fund LP, which advanced a $4,050,000 loan on December 22, 2021 to the company and to Jonathan Karhi and Amy Karhi. Agriroots' discharge statement puts the total loan balance at $5,468,514.06 as of February 19, 2025, with interest accruing at $1,538.44 per diem. Its security comprises four charges/mortgages registered December 22, 2021 — three securing principal of $4,860,000 each and one securing $350,000 — together with general security agreements dated December 20, 2021 over all present and future personal and real property of the debtors. The proceeding is active under court file CV-25-00029832-0000.
The court granted an approval and vesting order for the sale to Bizhiki-Wiiyaas Enterprises. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of Transaction.
Source: Approval and Vesting Order of Justice A. S. Rasaiah -15-MAY-2026
Motion Record - Receiver - BDO Canada Limited - 4-MAY-2026 — Application / notice of application
Application filed electronically in the Ontario Superior Court of Justice under court file CV-25-00029832-0000, commencing the receivership proceeding against Northorizon Farms Inc.
Source: Application Record - 17-Mar-2025
Filing brief
Northorizon: two breakout rooms, and the bison equipment came out of the sale
A receiver came to court in Sault Ste. Marie for an approval and vesting order after nine months of marketing. The debtor, unrepresented since his lawyer retired, wanted an adjournment and was making comments about chattels that nobody in the hearing could follow. The judge sent everyone into a breakout room. Then, when he said he did not understand, sent them back in again.
Debtor
Northorizon Farms Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Rasaiah | Ontario Superior Court of Justice | 3 orders, Jun 2025 – May 2026 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Harrison Pensa LLP | 4 May 2026 | Application · 4 May 2026 |
| Applicant | Scott Petrie LLP | 13 Jun 2025 | Order · 13 Jun 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Agriroots Realty Inc. as general partner for Agriroots Diversified Lending Fund LPFour Charges/Mortgages (Instrument Nos. AL241044, AL241043, AL241042 each securing principal of $4,860,000.00; AL241070 securing principal of $350,000.00, all registered December 22, 2021) plus General Security Agreements dated December 20, 2021 over all present and future personal and real property of the Debtors — Loan advanced Dec 22, 2021 in amount of $4,050,000.00 (face value of commitment $4,050,000.00; promissory note $4,050,000.00). Discharge statement (Exhibit J) states total loan balance of $5,468,514.06 as of Feb 19, 2025 with per diem interest of $1,538.44 accruing thereafter. Regi · as of 19 Feb 2025 | $5.47M | Application Record - 17-Mar-2025 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale approved — Transaction approved by the CourtApproval and Vesting Order of Justice A. S. Rasaiah -15-MAY-2026 · 15 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Bizhiki-Wiiyaas Enterprisesall of the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 16 Apr 2026 | not statedPurchase Price reduced by $100,000 pursuant to amendment; amount not stated in this order | Approved15 May 2026 | Approval and Vesting Order of Justice A. S.… |
2 engagements · 2 firms — latest: Harrison Pensa LLP, 13 Jun 2025 – 29 Apr 2026Motion Record - Receiver - BDO Canada Limited - 4-MAY-2026 · 4 May 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverfirm not named in the heading | 13 Jun 2025 – 24 Apr 2026 | 189.2 | $77,845.00 | $411.44stated average | Motion Record - Receiver - BDO Canada Limited - 4-MAY-2026 · 4 May 2026 |
| Harrison Pensa LLPCounsel | 13 Jun 2025 – 29 Apr 2026 | — | — | $453.94stated average | Motion Record - Receiver - BDO Canada Limited - 4-MAY-2026 · 4 May 2026 |
| Date | Document | File |
|---|---|---|
Ancillary Order of Justice A. S. Rasaiah -15-MAY-2026
| ||
Approval and Vesting Order of Justice A. S. Rasaiah -15-MAY-2026
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Endorsement of Justice A. S. Rasaiah -15-MAY-2026
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Amended Notice of Motion - 4-MAY-2026
| ||
Motion Record - Receiver - BDO Canada Limited - 4-MAY-2026
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Northorizon Order - 13-JUN-2025
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Application Record - 17-Mar-2025
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Northorizon Farms Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/northorizon-farms-inc
Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/northorizon-farms-inc
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.