RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc.
Follow- 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.
45 earlier updates, back to 2 March 2026 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
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 | 2 orders, Aug 2026 | 25 cases on record |
| Justice Kuntz | Court of King's Bench of Alberta | 2 orders, Apr 2026 | 8 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 | 25 Aug 2026 | Service list · 25 Aug 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| 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 |
Unsecured creditors: paid in full.Under the plan · sanctionedFourth Report of the Monitor · 21 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Affected Secured Creditors | — | a distributioncumulative | Under the plansanctionedper the monitor | Fourth Report of the Monitor · 21 Aug 2026 |
| Unsecured | Convenience Class Creditors | — | paid in fullconditional | 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.
Cumulative receipts
$6.55M
As at 21 Jul 2026Third Report of the Monitor
| Date | Document | File |
|---|---|---|
| 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 | |
| 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 | |
| Desk Application | Trustee site | |
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 20 September 2026, https://proceedings.ca/case/rdfn-fum-natural-products-ltd-and-rdfn-fum-natural-products-inc