RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc.
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- 2601-03446
RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc. are the applicants in proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, commenced March 2, 2026 in the Court of King's Bench of Alberta under court file 2601-03446, with Alvarez and Marsal Canada Inc. appointed monitor. Creditor lists as at March 2, 2026 record WebBank at $993,221 and Wayflyer Limited at $635,652 as secured. The largest unsecured claims are BFL Metal Products Co., Ltd. at $3,128,000, Best Creation Technology at $621,018, Google LLC at $546,423 and Business Development Bank of Canada at $312,000. The stay was extended by order pronounced March 12, 2026.
A claims procedure has been established — see the order for deadlines.
Per the Claims Process Order dated 23 April 2026.
The court sanctioned the plan of compromise on August 28, 2026.
Source: Settlement Approval Order
Monitor's Third Report: FUM keeps selling its reusable air devices and flavour refills online while the claims process runs and a plan of compromise is developed; receipts of $6,551,000 against disbursements of $5,953,000 left $2,280,000 at July 11, 2026.
Source: Third Report of the Monitor
The officer filed report no. Second Report. The Companies continue to operate in the ordinary course, selling wellness products (mainly re-usable air devices and flavor core refills, about 80% of sales in the US) with 18 employees. They are forecast to have sufficient liquidity through the requested stay extension while developing a restructuring plan and running a claims process.
Source: Second Report of the Monitor
Book of Authorities to Bench Brief (Filed April 16, 2026) — Application / notice of application
An order pronounced March 12, 2026 extended the stay of proceedings in favour of the applicants under the monitor's supervision.
An order pronounced March 12, 2026 extended the stay of proceedings in favour of the two RDFN FUM companies.
The officer filed report no. First Report. The Companies are continuing to operate in the ordinary course under CCAA protection, selling reusable air devices and flavor core refills (about 80% of sales in the US) with 18 employees, while pursuing Chapter 15 recognition in the US to stabilize operations and a stay extension to May 26, 2026.
Source: First Report of the Monitor
The Court of King's Bench of Alberta pronounced the initial order on March 2, 2026, appointing Alvarez and Marsal Canada Inc. as monitor, court file 2601-03446.
Source: Initial Order
The officer filed report no. First Report. The Companies continue to operate, selling non-nicotine wellness air devices primarily in the USA with 18 employees, while stabilizing operations through the Proposal Proceedings, a proposed continuation under the CCAA and Chapter 15 recognition in the US.
Source: First Report of Proposal Trustee
The officer filed report no. First Report. The Companies continue to operate and sell their wellness products (primarily in the USA) and employ 18 staff while restructuring, seeking to continue the NOI proceedings under the CCAA and obtain US Chapter 15 recognition to stabilize operations against creditor enforcement, notably from BFL.
Source: First Report of the Proposal Trustee and Proposed Monitor
Application (Foreign Representative & Administrative Consolidation) — Application / notice of application
RDFN FUM Natural Products Ltd. and its US subsidiary, RDFN FUM Natural Products Inc. — NOI filed, Alberta.
Undated filings2 — no date appears on the document · show
Book (1) of Authorities to the Bench Brief of the Applicants (Sanction Order) — Plan sanctioned / proposal approved
Book (2) of Authorities to the Bench Brief of the Applicants (Sanction Order) — Plan sanctioned / proposal approved
Guide
What to do when a company that owes you money goes bankrupt in Canada
When a Canadian company that owes you money goes bankrupt or into creditor protection, what you actually get back is usually a fraction of the debt, often nothing, and only if your claim is in on time. How to find the case, file a claim, meet a bar date, vote on a plan, take back goods and get paid, drawn from the court record.
Outcome brief
FUM: six adjournments, then a plan with no vote against
The vote on the CCAA plan of FUM, a maker of nicotine-free flavoured air devices, was put off six times by notice; the monitor's stated reason was settlement discussions with certain key stakeholders. On October 2 both classes approved the plan with no vote against, and on October 7 Justice C.D. Simard sanctioned it.
Case update
FUM: Clearco's claim settles as secured before the plan vote
The Calgary maker of nicotine-free flavoured air devices takes a CCAA plan to its creditors on September 18 that pays the secured class $1,288,100 and ordinary unsecured creditors a $330,000 pool in eleven monthly instalments that start only once the secured class is paid — after Justice C.D. Simard approved a settlement making Clearco's US$679,038.40 claim, which the monitor had disallowed against the Canadian company, a secured claim against both debtors.
Debtor
RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc.
Proposal trustee · Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Simard | Court of King's Bench of Alberta | 6 orders, Aug 2026 – Oct 2026 | 35 cases on record |
| Justice Armstrong | Court of King's Bench of Alberta | 2 orders, Jul 2026 | 30 cases on record |
| Justice Kuntz | Court of King's Bench of Alberta | 2 orders, Apr 2026 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorRDFN FUM Natural Products Ltd. and its US subsidiary, RDFN FUM Natural Products Inc. | MLT Aikins LLP | 21 Jul 2026 | Service list · 25 Aug 2026 |
| CreditorBFL Metal Products Co., Ltd | Bishop & McKenzie LLP | 25 Aug 2026 | Service list · 25 Aug 2026 |
| CreditorBusiness | Bishop & McKenzie LLP | 25 Aug 2026 | Service list · 25 Aug 2026 |
| CreditorCFT Clear Finance Technology Corp | White And Williams LLP | 25 Aug 2026 | Service list · 25 Aug 2026 |
| CreditorGoogle | White And Williams LLP | 25 Aug 2026 | Service list · 25 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Clear Finance Technology Corp. (Clearco)as of date of this Report (August 21, 2026) — Property/secured claim against receivables under two agreements dated November 26, 2025 and December 23, 2025; original claim USD $679,038.40 (CAD $929,467.78) exclusive of fees, costs and disbursements — Disputed claim; originally disallowed as against FUM Canada and revised to unsecured against FUM US by Notice of Disallowance dated July 3, 2026; subsequently, per Claim Settlement Agreement effective August 20, 2026 (subject to Court approval), treated as secured claim against both FUM Canada and FUM US for USD $679,038.40 plus USD $25,000 legal | $929K | Fourth Report of the Monitor |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
77 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: a distribution.Under the plan · sanctionedFourth Report of the Monitor · 21 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Affected Secured Creditors | — | vs. in a bankruptcy | Under the plansanctionedper the monitor | Fourth Report of the Monitor · 21 Aug 2026 |
| Unsecured | Convenience Class Creditors | — | conditional | Under the plansanctionedper the monitor | Fourth Report of the Monitor · 21 Aug 2026 |
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.
4 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
Cumulative receipts
$6.55M
As at 21 Jul 2026Third Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Application of Sanction Order | PDF · Subscribers | |
| Sanction Order | PDF · Subscribers | |
| Sixth Report of the Monitor | PDF · Subscribers | |
| Seventh Affidavit of Braeden Pauls | PDF · Subscribers | |
| Application (Stay Extension) | PDF · Subscribers | |
| Stay Extension Order | PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
| Bench Brief of the Applicants (Sanction Order) | PDF · Subscribers | |
| Sixth Affidavit of Braeden Pauls | PDF · Subscribers | |
| Amended Creditors' Meeting Order | PDF · Subscribers | |
| Monitor’s Report to Creditors | Trustee site | |
Creditors’ Meeting Order
| PDF · Subscribers | |
Settlement Approval Order
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Amended Application (filed August 21, 2026) | PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Supplemental Affidavit of Braeden Pauls | PDF · Subscribers | |
Application (Filed August 19, 2026)
| PDF · Subscribers | |
| Fifth Affidavit of Braeden Pauls | PDF · Subscribers | |
| Application (Second Stay Extension and KERP) | PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
Second Stay Extension, KERP and KERP Charge Order
| PDF · Subscribers | |
Bench Brief of Applicants (Filed July 21, 2026)
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Fourth Affidavit of Braeden Pauls | PDF · Subscribers | |
| Application | PDF · Subscribers | |
Claims Process Order
| PDF · Subscribers | |
| Notice of Dispute | PDF · Subscribers | |
Stay Extension and Guarantee Stay Order
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Bench Brief of Applicants (Filed April 16, 2026) | PDF · Subscribers | |
| Book of Authorities to Bench Brief (Filed April 16, 2026) | PDF · Subscribers | |
| Third Affidavit of Braeden Pauls | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Application (Comeback) | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
| Second Affidavit of Braden Pauls | PDF · Subscribers | |
Creditors Listing - RDFN FUM Natural Products Inc.
| PDF · Subscribers | |
Creditors Listing - RDFN FUM Natural Products Ltd.
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Originating Application | PDF · Subscribers | |
| Bench Brief of Applicants (Filed February 26, 2026) | PDF · Subscribers | |
| Book of Authorities to the Bench Brief (Filed February 26, 2026) | PDF · Subscribers | |
First Report of the Proposal Trustee and Proposed Monitor
| PDF · Subscribers | |
| Desk Application | PDF · Subscribers | |
| First Affidavit of Braden Pauls | PDF · Subscribers | |
| Application (Foreign Representative & Administrative Consolidation) | PDF · Subscribers | |
| Affidavit of Braden Pauls | PDF · Subscribers | |
| Certificate of Filing - RDFN FUM Natural Products Inc. | PDF · Subscribers | |
| Notice to Creditors - RDFN FUM Natural Products Inc. | PDF · Subscribers | |
| Notice to Creditors - RDFN FUM Natural Products Ltd. | PDF · Subscribers | |
| Notice to Creditors and Proof of Claim Instructions | PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
| Book (1) of Authorities to the Bench Brief of the Applicants (Sanction Order) | PDF · Subscribers | |
| Book (2) of Authorities to the Bench Brief of the Applicants (Sanction Order) | 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., “RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/rdfn-fum-natural-products-ltd-and-rdfn-fum-natural-products-inc