Proceedings.

Noya Holdings Inc & Noya Cannabis Inc

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Closed
Proceeding
CCAACCAA
Court
Ontario Superior Court of Justice · Commercial List
File
CV-24-00730120-00CL
Filings held25
Last activity23 Apr 2025
On the record684 days
OverviewSummary updated

Noya Holdings Inc. and Noya Cannabis Inc. obtained protection under the Companies' Creditors Arrangement Act on November 6, 2024, when the Ontario Superior Court of Justice (Commercial List) granted an initial order under court file number CV-24-00730120-00CL. The file is now recorded as closed. Apart from that initial order, made on the commencement date, no further steps are carried on this record; readers seeking the terms of the order, the identity of any court-appointed officer, or any subsequent relief will not find them here.

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Case updates25 dated entries
#Order

Opened the CCAA proceeding for both companies in the Commercial List at Toronto under court file CV-24-00730120-00CL; the record carries no terms of the order.

Source: Initial Order Nov 6, 2024

Parties

Debtor

Noya Holdings Inc & Noya Cannabis Inc

Monitor

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice6 orders, Apr 2024 – Apr 2025288 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorKronos Capital Partners IncDentons Canada LLP13 Mar 2025Service list · 13 Mar 2025
CreditorLending Stream IncDickinson Wright LLP13 Mar 2025Service list · 13 Mar 2025
CreditorSelvira PeckovicAlam Law Firm Pc13 Mar 2025Service list · 13 Mar 2025
CreditorTerrAscend CorpCassels Brock & Blackwell LLP13 Mar 2025Service list · 13 Mar 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 2 named without a figure
#Priority classCreditorAmountSource
4Secured267 Ontario Ltd.'s landlord (minority shareholder of 267)One of two related-party creditors owed approximately $500,000 in aggregate by 267; component amount not separately stated. Related party (landlord and minority shareholder of 267). — debtor: 2675583 Ontario Limited ("267")Report of the Proposed Monitor - BDO Canada Limited
4SecuredNCI (Noya Cannabis Inc.)One of two related-party creditors owed approximately $500,000 in aggregate by 267; component amount not separately stated. Related party (intercompany). — debtor: 2675583 Ontario Limited ("267")Report of the Proposed Monitor - BDO Canada Limited
8Unsecured1955185 Ontario Inc.debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$3.8M1001155163 Ontario Creditor Pkg
8UnsecuredTerrascend Corp (Gage Growth Corp)debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$1.24M1001155163 Ontario Creditor Pkg
8UnsecuredPure Sun Farmsdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$806K1001155163 Ontario Creditor Pkg
8UnsecuredIgnite International Brands (Canada) Ltd.Second, separately listed claim by same creditor name — debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$537K1001155163 Ontario Creditor Pkg
8Unsecured10805696 Canada Inc (Mauve)debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$356K1001155163 Ontario Creditor Pkg
8UnsecuredCookies Creative Consulting & Promotions LLCdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$277K1001155163 Ontario Creditor Pkg
8UnsecuredHigh Tidedebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$57.4K1001155163 Ontario Creditor Pkg
8UnsecuredFogler, Rubinoff LLP · in 5 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$34.8K1001155163 Ontario Creditor Pkg
8UnsecuredMill Creek Growthdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$33K1001155163 Ontario Creditor Pkg
8UnsecuredMary Jane's Joint Venturedebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$33K1001155163 Ontario Creditor Pkg
8UnsecuredKiaro Brandsdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$18.1K1001155163 Ontario Creditor Pkg
8UnsecuredHifyre · in 2 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$16.2K1001155163 Ontario Creditor Pkg
8UnsecuredNet Access Systems Inc.debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$7.28K1001155163 Ontario Creditor Pkg
8UnsecuredUline · in 72 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$1.74K1001155163 Ontario Creditor Pkg
8UnsecuredThe Cleaning Housedebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$9081001155163 Ontario Creditor Pkg
8UnsecuredVan Houtte Coffee Services · in 4 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$5361001155163 Ontario Creditor Pkg
8UnsecuredRelm Transportationdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$4191001155163 Ontario Creditor Pkg
8UnsecuredTroy Life & Fire Ltddebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$3671001155163 Ontario Creditor Pkg
8UnsecuredRicoh Canada · in 2 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$3561001155163 Ontario Creditor Pkg
8Unsecured2253500 Albertadebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$3391001155163 Ontario Creditor Pkg
8UnsecuredSterling Backcheck Canadadebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$3251001155163 Ontario Creditor Pkg
8UnsecuredBullfrog Power Inc. · in 2 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$2071001155163 Ontario Creditor Pkg
8Unsecured10805696 Canada Inc. o/a Mauve & HerbesListed as contingent, trust claim or other liability (nominal $1.00 placeholder); underlying unsecured amount stated as $0.00 — debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$11001155163 Ontario Creditor Pkg
8UnsecuredPure Sunfarms Corp.Listed as contingent, trust claim or other liability (nominal $1.00 placeholder); underlying unsecured amount stated as $0.00 — debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$11001155163 Ontario Creditor Pkg
8UnsecuredIgnite International Brands (Canada) Ltd.Listed as contingent, trust claim or other liability (nominal $1.00 placeholder); underlying unsecured amount stated as $0.00 — debtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$11001155163 Ontario Creditor Pkg
8UnsecuredCanada Revenue Agency · in 926 casesdebtor: 1001155163 Ontario Inc. · as of 22 Apr 2025$11001155163 Ontario Creditor Pkg

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

Sale processAs stated in the filings
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedThird Report of Monitor - BDO Canada Limited - 2025-MAR-28 · 28 Mar 2025

ClassCreditorClaimsRecoveryBasisSource
Unsecuredno distributionEstimatedper the monitorThird Report of Monitor - BDO Canada Limited - 2025-MAR-28 · 28 Mar 2025

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Fees and ratesAs stated in the filings

1 engagement · 1 firmLoopstra Nixon LLP, 3 Feb – 25 Mar 2025Third Report of Monitor - BDO Canada Limited - 2025-MAR-28 · 28 Mar 2025

FirmPeriodHoursFeesRatesSource
Loopstra Nixon LLPCounsel to the monitor3 Feb – 25 Mar 202543.3$660.20stated averageThird Report of Monitor - BDO Canada Limited - 2025-MAR-28 · 28 Mar 2025
Estate financialsReported figures — never derived
Total assets at filing$1
Total liabilities at filing$7.21M

As at 22 Apr 2025 · per Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · entity - 1001155163 Ontario Inc. — Secured creditors stated as $0.00 in the Statement of Affairs summary (Form 78, page 2); no secured claims are listed in the itemized List of Liabilities. Deficiency of $7,214,737.87 disclosed. Reasons for financial difficulty given as 'Other - Residual Co following reverse vesting order sale approval.'

Documents
25 filings
DateDocumentFile
1001155163 Ontario Creditor Pkg
  • Financial position Assets $1 · Liabilities $7.21M · as at 22 Apr 2025 · per Statement of Affairs (Form 78) - totals as stated and estimated by bankrupt/debtor · entity - 1001155163 Ontario Inc. — Secured creditors stated as $0.00 in the Statement of Affairs summary (Form 78, page 2); no secured claims are listed in the itemized List of Liabilities. Deficiency of $7,214,737.87 disclosed. Reasons for financial difficulty given as 'Other - Residual Co following reverse vesting order sale approval.'
  • Secured creditors
  • Unsecured creditors $367 · Page: 6 · As of: 2025-04-22 · Basis: Statement of Affairs (Form 78) as reported - Trade debt · Debtor: 1001155163 Ontario Inc. · Creditor: Troy Life & Fire Ltd
PDF
Noya Holdings Creditor PkgPDF
Noya CCAA Termination Certificate - 4917-7865-7849 1PDF
Order (Stay Extension, Fee Approval and CCAA Termination) (April 1) CV-24-00730120-00CL
  • Order date 1 April 2025
  • Presiding officer Justice Cavanagh
  • Stay extended to 22 April 2025
PDF
Third Report of Monitor - BDO Canada Limited - 2025-MAR-28
  • Fee schedule Engagements: Form: time_summary · Rows: · Money: Approximate: false · Period: End: 2025-03-25 · Kind: invoice · Label: Billing Period · Quote: true copies of the Statement of Accounts issued by Loopstra Nixon in respect of services rendered to the Monitor for the period from February 3, 2025, through March 25, 2025 (the ' Billing Period '). · Start: 2025-02-03 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Loopstra Nixon LLP · Firm quote: LOOPSTRA NIXON LLP · Hours total: Quote: 43.30 hours were billed by Loopstra Nixon during the Billing Period · Value: 43.3 · Context quote: I am a lawyer at the law firm Loopstra Nixon LLP ('Loopstra Nixon'), counsel to BDO Canada Limited, the court-appointed monitor (the 'Monitor'), in this matter. · Context unverified: true
  • Recovery outcome Entries: per estimated · Stated on: 2025-03-28 · Table missing:
PDF
Motion Record (CCAA Termination) - Moving Parties - Applicants - Noya Holdings Inc. and 1001155163 Ontario Inc. - 27-MAR-2025PDF
Service List - as of March 13, 2025
  • Counsel Cassels Brock & Blackwell LLP
PDF
0006 Ancillary Order (Sale Approval)PDF
0007 Approval and Reverse Vesting Order (Sale Approval)
  • Presiding officer Justice Cavanagh
PDF
Motion Record (Sale Approval) - Moving Parties - Applicants - Noya Holdings Inc. and Noya Cannabis Inc. - 26-FEB-2025 - 4926-2066-2048 2PDF
Amended and Restated Initial Order (Comeback Hearing) Nov 15, 2024
  • Order date 15 November 2024
  • Stay expiry 7 March 2025
PDF
Endorsement Form - CV-24-00730120-00CL Re Noya Holdings Inc. and Noya Cannabis Inc.
  • Presiding officer Justice Cavanagh
PDF
Order re Sales Process and Stalking Horse Purchase Agreement (Comeback Hearing) Nov 15, 2024
  • Bid deadline 27 January 2025
  • Order date 15 November 2024
PDF
First Report of the Monitor - BDO Canada LimitedPDF
Factum (Comeback Hearing) - Moving Parties - Applicants - Noya Holdings Inc. and Noya Cannabis Inc. - Nov 12,2024PDF
Motion Record (Comeback Hearing) - Moving Parties - Applicants - Noya Holdings Inc. and Noya Cannabis Inc. - Nov 12,2024PDF
Notice to Creditors (Initial Order) November 7 2024PDF
Initial Order Nov 6, 2024
  • Commencement date 6 November 2024
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-24-00730120-00CL
  • Order date 6 November 2024
  • + 3 more extracted facts
PDF
Noya Cannabis creditor listPDF
Noya Holdings Inc. v BDO Canada Limited et al
  • Presiding officer Justice Cavanagh
PDF
Application Record - Volume 1 of 2 - ApplicantsPDF
Application Record - Volume 2 of 2 - Applicants
  • Secured creditors Note: Primary obligor under the underlying debenture is Radicle Cannabis Holdings Inc.; Radicle Medical Marijuana Inc. (now Noya Cannabis Inc.) is the guarantor/debtor providing the security. No outstanding balance or debenture face amount is stated on the pages provided. · Page: 49 · Debtor: Radicle Medical Marijuana Inc. (guarantor; predecessor name of Noya Cannabis Inc.) · Creditor: Wolverine Partners Corp. · Currency: CAD · Security: General Security Agreement dated December 19, 2019 granting: (a) security interest in all present and after-acquired personal property (accounts, equipment, inventory, other tangible personal property, intangibles); (b) fixed and specific mortgage/charge on real property; (c) floating charge on remaining property; securing an Unlimited Guarantee by the Debtor of Radicle Cannabis Holdings Inc.'s obligations under a Secured Grid Convertible Debenture (Certificate No. 2019-1) dated November 22, 2019
PDF
Factum of the Applicants (Initial Application) - ApplicantsPDF
Report of the Proposed Monitor - BDO Canada Limited
  • Secured creditors Note: One of two related-party creditors owed approximately $500,000 in aggregate by 267; component amount not separately stated. Related party (landlord and minority shareholder of 267). · Page: 14 · Debtor: 2675583 Ontario Limited ("267") · Creditor: 267 Ontario Ltd.'s landlord (minority shareholder of 267) · Currency: CAD
PDF
Endorsement NOVA HOLDINGS INC. et al v. IGNITE Iet al CV-24-00730120-00CL APRIL 1, 2025
  • Presiding officer Justice Cavanagh
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Noya Holdings Inc & Noya Cannabis Inc” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/noya-holdings-inc-noya-cannabis-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/noya-holdings-inc-noya-cannabis-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.