Proceedings.

Plant-Based Investment Corp.

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Closed
Proceeding
CCAACCAA
Court
Ontario Superior Court of Justice
File
CV-23-00698826-00CL
Filings held29
Last activity17 Aug 2023
On the record1,239 days
OverviewSummary updated

Plant-Based Investment Corp. commenced CCAA proceedings in the Ontario Superior Court of Justice on May 1, 2023 under court file CV-23-00698826-00CL, and the proceeding is now closed. A list of creditors as of May 8, 2023 records claims against Plant-Based Investments Inc., headed by Canadabis Capital Inc. at $11,000,000 and Sean Conacher at $2,240,000, together with professional-fee claims including Forbes Andersen LLP at $361,713, Crawley MacKewn Brush LLP at $154,271.23, MNP LLP at $143,447.85 and Thornton Grout Finnigan LLP at $111,845.41. Jamie L. Pearson is listed at USD 344,000. Canada Revenue Agency is listed as a secured creditor for payroll deductions of $36,609.75, and the Ontario Securities Commission holds a $2,000 regulatory claim. A $75,000 claim by Naeem Hukkawala is recorded under a proposed settlement agreement.

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Case updates29 dated entries
Parties

Debtor

Plant-Based Investment Corp.

Monitor

msi Spergel inc.

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice7 orders, May 2023 – Aug 2023285 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantPlant-Based Investment Corp.Miller Thomson LLP8 Aug 2023Service list · 8 Aug 2023
CreditorAd Hoc GroupReconstruct LLP8 Aug 2023Service list · 8 Aug 2023
CreditorCanadaBis Capital IncDentons Canada LLP8 Aug 2023Service list · 8 Aug 2023
CreditorFrancesco GCassels Brock & Blackwell LLP8 Aug 2023Service list · 8 Aug 2023
CreditorOntario Securities CommissionChaitons LLP8 Aug 2023Service list · 8 Aug 2023
Capital structureAs asserted in the filings
stated amounts, drawn to scale
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency (Payroll Deductions) · in 926 casesListed by the document under 'Secured Creditor Name'; payroll deductions owing to CRA are typically a deemed-trust class claim. — debtor: Plant-Based Investments Inc. · as of 8 May 2023$36.6KCreditor List
8UnsecuredCanadabis Capital Inc.debtor: Plant-Based Investments Inc. · as of 8 May 2023$11MCreditor List
8UnsecuredSean Conacherdebtor: Plant-Based Investments Inc. · as of 8 May 2023$2.24MCreditor List
8UnsecuredPaul Crathdebtor: Plant-Based Investments Inc. · as of 8 May 2023$439KCreditor List
8UnsecuredForbes Andersen LLPdebtor: Plant-Based Investments Inc. · as of 8 May 2023$362KCreditor List
8UnsecuredMichael Johnstondebtor: Plant-Based Investments Inc. · as of 8 May 2023$350KCreditor List
8UnsecuredJamie L. Pearsondebtor: Plant-Based Investments Inc. · as of 8 May 2023$344K USDCreditor List
8UnsecuredScott Van Rixeldebtor: Plant-Based Investments Inc. · as of 8 May 2023$201KCreditor List
8UnsecuredCrawley MacKewn Brush LLP · in 2 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$154KCreditor List
8UnsecuredMNP LLP · in 63 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$143KCreditor List
8UnsecuredThornton Grout Finnigan LLP · in 4 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$112KCreditor List
8UnsecuredGraham Simmondsdebtor: Plant-Based Investments Inc. · as of 8 May 2023$105KCreditor List
8UnsecuredNaeem HukkawalaPer proposed Settlement Agreement. — debtor: Plant-Based Investments Inc. · as of 8 May 2023$75KCreditor List
8UnsecuredCameron Wickhamdebtor: Plant-Based Investments Inc. · as of 8 May 2023$65.5KCreditor List
8UnsecuredAshish Kapoordebtor: Plant-Based Investments Inc. · as of 8 May 2023$60KCreditor List
8UnsecuredCGOC Management Corp.debtor: Plant-Based Investments Inc. · as of 8 May 2023$41.2KCreditor List
8UnsecuredIndependent Trading Group (ITG) Inc. · in 8 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$40.9KCreditor List
8UnsecuredPaul Crath (Advance)Distinct entry designated 'Advance' by the document. — debtor: Plant-Based Investments Inc. · as of 8 May 2023$31KCreditor List
8UnsecuredProactive Investors North America · in 3 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$29.4KCreditor List
8UnsecuredMBC Consulting Incdebtor: Plant-Based Investments Inc. · as of 8 May 2023$29.4KCreditor List
8UnsecuredBlue Thunder Advisory Corp.debtor: Plant-Based Investments Inc. · as of 8 May 2023$22KCreditor List
8UnsecuredSteer Inc.debtor: Plant-Based Investments Inc. · as of 8 May 2023$21.7KCreditor List
8UnsecuredIRWIN professional Corporationdebtor: Plant-Based Investments Inc. · as of 8 May 2023$21.5KCreditor List
8UnsecuredCanadian Securities Exchange · in 9 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$8.76KCreditor List
8UnsecuredCrath Miller & Xistris LLPdebtor: Plant-Based Investments Inc. · as of 8 May 2023$7.95KCreditor List
8UnsecuredOdyssey Trust Company · in 16 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$4.36KCreditor List
8UnsecuredCay Healthtech LLCdebtor: Plant-Based Investments Inc. · as of 8 May 2023$3.37KCreditor List
8UnsecuredOntario Securities Commission · in 4 casesRegulatory claim. — debtor: Plant-Based Investments Inc. · as of 8 May 2023$2KCreditor List
8UnsecuredBroadridge · in 25 casesdebtor: Plant-Based Investments Inc. · as of 8 May 2023$729Creditor List
8Unsecuredincorporate.comdebtor: Plant-Based Investments Inc. · as of 8 May 2023$470Creditor List
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: Gowling WLG (Canada) LLP, 1 May – 31 Jul 2023Third Report of Monitor · 8 Aug 2023

FirmPeriodHoursFeesRatesSource
Gowling WLG (Canada) LLPCounsel to the monitor1 May – 31 Jul 2023149.1—$795.61stated averageThird Report of Monitor · 8 Aug 2023
MSI Spergel Inc.Monitor—189.35—$632.56stated averageThird Report of Monitor · 8 Aug 2023
Documents
29 filings
DateDocumentFile
Approval and Vesting Order dated August 17, 2023
  • Presiding officer Justice Conway
PDF
Endorsement of Justice Conway dated August 17, 2023
  • Presiding officer Justice Conway
PDF
Factum of the Monitor returnable August 17, 2023PDF
Termination Order dated August 17, 2023
  • Presiding officer Justice Conway
PDF
CCAA Service List as of August 8, 2023
  • Counsel Reconstruct LLP
PDF
Motion Record of the Monitor dated August 8, 2023PDF
Third Report of Monitor dated August 8, 2023
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: MSI Spergel Inc. · Firm quote: THIRD REPORT OF MSI SPERGEL INC. IN ITS CAPACITY AS MONITOR OF PLANT-BASED INVESTMENT CORP. · Hours total: Quote: This represents a total of 189.35 hours at an average hourly rate of $632.56. · Value: 189.35 · Context quote: THIRD REPORT OF MSI SPERGEL INC. IN ITS CAPACITY AS MONITOR OF PLANT-BASED INVESTMENT CORP.; Form: prose · Rows: · Money: Approximate: false · Period: End: 2023-07-31 · Kind: cumulative · Label: the period May 1, 2023 to July 31, 2023 · Quote: Summary of total professional fees by invoice for the period May 1, 2023 to July 31, 2023 · Start: 2023-05-01 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Gowling WLG (Canada) LLP · Firm quote: I am an Associate with the law firm of Gowling WLG (Canada) LLP, lawyers for the Monitor, msi Spergel Inc. · Hours total: Quote: Gowling WLG incurred a total of 149.1 hours at an average hourly rate of $795.61. · Value: 149.1 · Context quote: I am an Associate with the law firm of Gowling WLG (Canada) LLP, lawyers for the Monitor, msi Spergel Inc.
PDF
SISP-Teaser Document dated June 15, 2023PDF
Amended and Restated Initial Order dated June 8, 2023PDF
Endorsement of Justice Conway dated June 8, 2023
  • Presiding officer Justice Conway
PDF
Factum of the Applicant returnable June 8, 2023PDF
Sale and Investment Solicitation Order dated June 8, 2023
  • Presiding officer Justice Conway
PDF
Supplementary Motion Record of the Applicant dated June 7, 2023PDF
Motion Record of the Applicant dated June 6, 2023PDF
Second Report of Monitor dated June 6, 2023PDF
Amended and Restated Initial Order dated May 11, 2023PDF
Endorsement of Justice Conway dated May 11, 2023
  • Presiding officer Justice Conway
PDF
Factum of the Applicant returnable May 11, 2023PDF
First Report of Monitor dated May 9, 2023PDF
Creditor List
  • Secured creditors $36.6K · Note: Listed by the document under 'Secured Creditor Name'; payroll deductions owing to CRA are typically a deemed-trust class claim. · Page: 1 · As of: 2023-05-08 · Debtor: Plant-Based Investments Inc. · Creditor: Canada Revenue Agency (Payroll Deductions)
  • Unsecured creditors $350K · Page: 1 · As of: 2023-05-08 · Basis: List of Creditors as reported · Debtor: Plant-Based Investments Inc. · Creditor: Michael Johnston
PDF
Motion Record of the Applicant dated May 8, 2023PDF
Application Record of the Applicant dated May 1, 2023PDF
Approved Sale and Investment Solicitation ProcessPDF
CCAA - Notice to CreditorsPDF
Certificate of the Monitor - Transaction ApprovalPDF
Endorsement of Justice Conway dated May 1, 2023
  • Presiding officer Justice Conway
PDF
Issued and Entered Initial Order dated May 1, 2023
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-23-00698826-00CL
  • Province ONTARIO
PDF
PBIC Monitor's Termination CertificatePDF
Factum of Plant-Based Investment Corp. dated April 28, 2023PDF

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

CiteProceedings., “Plant-Based Investment Corp.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/plant-based-investment-corp

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Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/plant-based-investment-corp

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.