Proceedings.

Sirona Pharma Inc. and three related entities

Follow
Active
Proceeding
CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36
Court
Court of King's Bench of Alberta
File
2503-23802
Filings held94
Last activity31 Jul 2026
On the record304 days
Secured debt$6.32M
OverviewSummary updated

Sirona Pharma Inc., Sunera Acreage Holdings Inc., Acreage Development Corp. and Sirona Farms Inc., which historically cultivated, processed and distributed wholesale medical cannabis, obtained CCAA protection from the Court of King's Bench of Alberta at Edmonton on November 21, 2025 in file 2503-23802, with Ernst & Young Inc. as monitor and an initial stay to December 1, 2025. The initial relief included an administration charge to a maximum of $250,000, an interim financing charge to a maximum of $280,000 for interim lender Sapphire Global Finance Corp., a directors' charge to a maximum of $100,000, and interim financing of $825,000. The Court approved a sale and investment solicitation process on May 20, 2026 and granted a reverse vesting order on July 10, 2026. The monitor reports the transaction, with Conex Services Inc. as purchaser, closed on July 24, 2026. The proceeding remains active.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates95 dated entries
#Report

Supplement to the Fifth Report recorded activities since the Fifth Report: responding to RVO application materials, obtaining access to the RBC accounts, reviewing Dr. Gupta's allegations and facilitating the transaction's July 24, 2026 closing.

Source: Supplement to Fifth Report of the Monitor

#Report

Third Report addressed the Perry Application, commented on Perry's evidence at his Questioning and on the status of the Perry Group's security, and set out the monitor's recommendations.

Source: 03. Third Report of the Monitor

#Report

Second Report reported the applicants' ending cash position higher by approximately $53,540 for the period November 21, 2025 to January 30, 2026, driven by labour, management, repairs and maintenance, restructuring and financing variances.

Source: 02. Second Report of the Monitor (Filed)

#Order

Granted CCAA protection to the four applicants, appointed Ernst & Young Inc. as monitor, stayed proceedings to December 1, 2025, and charged the estate with a first-ranking $250,000 administration charge and a third-ranking $100,000 directors' charge.

Source: Initial Order (Filed)

#Order

Companion order pronounced the same day authorising interim financing of $825,000 from Sapphire Global Finance Corp., secured by a second-ranking interim financing charge to a maximum of $280,000.

Source: Sealing Order (Filed)

AnalysisAll insights⁠

Filing brief

Sirona Pharma: the licence could not be sold, so the company was

Health Canada suspended Sirona Pharma's cannabis licence in September 2025 and the business stopped. The licence came back in May. The Monitor's sale process sent 113 teasers, admitted nine parties to a data room and produced no viable third-party offer — and the reverse vesting order it filed on July 6 asks the court to sell the company itself, because the licence cannot be moved.

Parties

Debtor

Sirona Pharma Inc. and three related entities

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice LittleCourt of King's Bench of Alberta3 orders, Mar 2026 – Sep 202639 cases on record
Justice GillCourt of King's Bench of Alberta3 orders, Nov 202537 cases on record
Justice MarionCourt of King's Bench of Alberta2 orders, Jul 202624 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYMcLennan Ross LLP18 Nov 2025Service list · 18 Nov 2025
DebtorSirona Pharma Inc. and three related entitiesMLT Aikins LLP · Lawson Lundell LLP18 Nov 2025Service list · 18 Nov 2025
Creditor1112163 Alberta Ltd. and Aries- Airflo Heating & Air ConditioningEmery Jamieson LLP4 May 2026Affidavit · 4 May 2026
CreditorAddress for Service and Contact Information of Filing This DocumentMLT Aikins LLP18 Nov 2025Service list · 18 Nov 2025
CreditorAgent for StonhardMcAllister LLP4 May 2026Affidavit · 4 May 2026
CreditorCcaaLitigation Counsel to CCAA Parties4 May 2026Affidavit · 4 May 2026
CreditorConex Services IncField Law · McLean & Armstrong LLP
Previously Conex Services Inc. and Glenn Walsh Field LLP (last seen 4 Mar 2026)
4 Mar 2026Affidavit · 4 May 2026
CreditorCroDentons Canada LLP9 Jul 2026Factum · 9 Jul 2026
CreditorGord BoersmaDentons Canada LLP31 Jul 2026Order · 31 Jul 2026
CreditorHudson Energy Canada CorpProfessional Corporation18 Nov 2025Service list · 18 Nov 2025
CreditorSapphire Global Finance CorpMiles Davison LLP · Square Law Group LLP4 Mar 2026Order · 31 Jul 2026
CreditorVan Maren Financial (2019) LtdLtd. DBH LLP18 Nov 2025Service list · 18 Nov 2025
CreditorYadevinder Singh BhullarAird & Berlis LLP18 Nov 2025Service list · 18 Nov 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
#Priority classCreditorAmountSource
Court-ordered charges
1Court-ordered chargesInterim financing (DIP) charge$825KInitial Order (Filed)
1Court-ordered chargesInterim Lender's Charge — Second – Interim Financing Charge (to the maximum amount of $280,000)$280KInitial Order (Filed)
1Court-ordered chargesAdministration Charge — First – Administration Charge (to the maximum amount of $250,000)$250KInitial Order (Filed)
1Court-ordered chargesDirectors' Charge — Third – Directors’ Charge (to the maximum amount of $100,000)$100KInitial Order (Filed)
Pre-filing debt
4SecuredVan Maren Financial (2019) Ltd.Collateral Mortgage on Facility Lands (max $5,253,000 principal, registered instrument #242051271, plus Supplemental loan GSA dated Sept 25, 2025); General Security Agreements (Sirona Pharma, SuneRa, Acreage Development); Caveat re Assignment of Rents and Leases; Certificate of Lis Pendens registered May 1, 2025 — Primary secured creditor. Original facility limit $5,253,000 (Jan 23, 2024) plus a $357,000 supplemental loan (Sept 15, 2025). Statement of Claim filed March 21, 2025 for $5,575,890.09. Estimated indebtedness $5,964,454.87 as of Aug 15, 2025, superseded by $6,321,454.87 as of Aug 25, · as of 25 Aug 2025$6.32MSworn Affidavit of J Chiasson - Part 1 (Filed)
4SecuredYadevinder Singh BhullarCollateral Mortgage on Facility Lands (max $1,500,000, registered instrument #242142497, postponed in favour of, but ranking ahead of Sonidech Mortgage); General Security Agreements (Sirona Pharma, SuneRa, Acreage Development) — 'Bhullar Indebtedness' - plus interest and costs, remains outstanding as of filing date. Part of original Sonidech Debenture Lender Group; Six-Month Note facility limit was $1,500,000. Second demand and notice of intent to enforce issued Feb 5, 2025. — debtor: SuneRa Acreage Holdings Inc. (borrower); guaranteed by Sirona Pharma Inc. and Acreage Development Corp.; mortg · as of 8 Feb 2025$2.69MSworn Affidavit of J Chiasson - Part 1 (Filed)
4SecuredBhullar Group (Yadevinder Singh Bhullar, Jainder Singh Bhullar and Comet Warehousing & Distribution Services Limited)Collateral Mortgage on Facility Lands (max $875,000, registered instrument #252089581, postponed in favour of, but ranking ahead of Sonidech Mortgage); General Security Agreements (Sirona Pharma, SuneRa, Acreage Development); Guarantees dated Jan 15, 2025 up to $875,000 — 'Bhullar Group Indebtedness' - plus interest and costs, remains outstanding as of filing date. Original Two-Year Notes totalled $750,000 (Nov 25, 2022), part of Sonidech Debenture Lender Group. SuneRa consented to immediate appointment of private receiver upon breach. — debtor: SuneRa Acreage Holdings Inc. (borrower); guarant · as of 8 Feb 2025$750KSworn Affidavit of J Chiasson - Part 1 (Filed)
4SecuredSonidech Holdings Ltd. (Lender Group)Mortgage on Facility Lands, original principal $15,000,000 (registered instrument #232109920, April 6, 2023), postponed to Van Maren, Y.S. Bhullar and Bhullar Group mortgages by registered postponements; Sonidech GSAs; Sonidech Collateral Mortgage — Document states Applicants owe the Lender Group $15,000,000 in outstanding principal plus approximately $6,000,000 in interest ('Sonidech Indebtedness') as of Nov 13, 2025; document explicitly states this figure includes the Bhullar Indebtedness ($2,691,731) and Bhullar Group Indebtedness ($750,000) reported separately above - components not summed · as of 13 Nov 2025—Sworn Affidavit of J Chiasson - Part 1 (Filed)

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

Sale processAs stated in the filings

Sale closed — The Transaction with Conex closed on July 24, 2026.Supplement to Fifth Report of the Monitor · 24 Jul 2026

NDAs signed

1

02. Second Report of the Monitor (Filed)

Bid deadline (round closed)

24 June 2026

Sirona Pharma et. al - SISP Teaser

PurchaserPriceStatusSource
Conex Services Inc.the Purchased Shares · share subscription · ResidualCo: 2834015 Alberta Ltd. · agreement 3 Jul 2026$108K (mixed consideration)credit-bid component of the Transaction's Purchase Price equates to $108,022.50 at Closing; Statement of Adjustments also identifies Contract Cure Costs payable by Conex at ClosingClosed24 Jul 2026Supplement to Fifth Report of the Monitor
AdvisorsHyde Advisory (sale agent); Ernst & Young Inc. (sale agent)Sirona Pharma et. al - SISP Teaser
Closing termsDelivery of Monitor's Closing Certificate triggers a sequenced vesting of Excluded Assets, Excluded Contracts, and Excluded Liabilities to Residual Co., followed by issuance and vesting of Purchased Shares in the Purchaser.Order - Signed Approval and Reverse Vesting Order (Unfiled)
Estate financialsReported figures — never derived
Total assets at filing$59M
Total liabilities at filing$39.5M

As at 10 Nov 2025 · per estimated - assets based on estimated fair market value of Facility Lands, improvements, buildings and equipment per a July 2024 appraisal; liabilities are an estimated value · consolidated - the Applicants (Sirona Pharma Inc., SuneRa Acreage Holdings Inc., Acreage Development Corp. and Sirona Farms Inc.) — Liabilities consist of the Van Maren Indebtedness, Y.S. Bhullar Indebtedness, Sonidech Indebtedness, unsecured loans, accounts payable, accrued liabilities and tax arrears, among other things (components not separately summed in document beyond the stated total)

Cumulative receipts

$0

As at 5 Feb 202602. Second Report of the Monitor (Filed)

Cumulative disbursements

$725K

As at 5 Feb 202602. Second Report of the Monitor (Filed)

Cash on hand

$100K

As at 5 Feb 202602. Second Report of the Monitor (Filed)

Professional fees to date

$712K

As at 24 Jul 2026Supplement to Fifth Report of the Monitor

Documents
94 filings
DateDocumentFile
Order(Extension, Distribution, Directors and Officers' Release, and Administration Charge)
  • Order date 31 July 2026
  • Presiding officer Justice Mah
  • Stay extended to 31 October 2026
PDF
Order (Extension Distribution and Release)
  • Counsel Miles Davison LLP
  • Order date 31 July 2026
  • Stay extended to 31 October 2026
PDF
Supplement to Fifth Report of the Monitor
  • Cash on hand Note: Amount not disclosed; referenced only as an input to the Monitor's distribution analysis. · As at: 2026-07-20 · Currency: CAD
  • Closing confirmed Closed · 24 Jul 2026 · Conex Services Inc.
  • Operational summary The Monitor's activities since the Fifth Report included responding to RVO Application materials, attending court on July 10 and 13, 2026, monitoring cash flows, gaining access to RBC Accounts, reviewing allegations of Dr. Gupta, completing the re-organization of Sirona Pharma, and facilitating the closing of the Transaction on July 24, 2026.
  • Professional fees $712K
  • + 4 more extracted facts
PDF
Order - Signed Approval and Reverse Vesting Order (Unfiled)
  • Closing terms Delivery of Monitor's Closing Certificate triggers a sequenced vesting of Excluded Assets, Excluded Contracts, and Excluded Liabilities to Residual Co., followed by issuance and vesting of Purchased Shares in the Purchaser.
  • Order date 13 July 2026
  • Purchaser Conex Services Inc. · the Purchased Shares · share subscription · approved
  • Residualco 2834015 Alberta Ltd.
  • + 1 more extracted fact
PDF
Letter to Service List (re Affidavit No. 4 of Gord Boersma)PDF
Brief of Law of Gord Boersma
  • Counsel Dentons Canada LLP
PDF
Application - Discharge of CRO- Gord BoersmaPDF
Brief of Law of the ApplicantsPDF
Sixth Affidavit of Jean Chiasson Sworn July 8, 2026PDF
Third Affidavit of Gord Boersma Sworn July 8 , 2026PDF
Order (Extension Administration Charge Approval of Conduct) (unfiled)
  • Court Court of King's Bench of Alberta, Judicial Centre Edmonton
  • Debtor names Sirona Pharma Inc.; Sunera Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Monitor Ernst & Young Inc.
  • Order date 10 July 2026
  • + 3 more extracted facts
PDF
Application of the MonitorPDF
Approval and Reverse Vesting Order (unfiled)
  • Order date 10 July 2026
  • Purchaser Conex Services Inc. · the Purchased Shares · share subscription · approved
  • Residualco Residual Co.
PDF
Brief of the MonitorPDF
Letter to Commercial CoordinatorPDF
Restricted Court Access order (unfiled)
  • Court Court of King's Bench of Alberta
  • Debtor names Sirona Pharma Inc.; Sunera Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Monitor Ernst & Young Inc.
  • Order date 10 July 2026
  • + 2 more extracted facts
PDF
SISP - Non-Disclosure AgreementPDF
Sirona Pharma et. al - SISP Teaser
  • Bid deadline 24 June 2026
  • Sale advisor Ernst & Young Inc. (sale agent)
  • Sale outcome Sale process approved — On May 20, 2026, the Court approved the SISP to pursue a court-approved sale or investment transaction free of liabilities.
  • Stay expiry 17 July 2026
PDF
Affidavit of Service, Sworn May 20, 2026PDF
Brief re approval of Stay Extension, Additional Interim Financing, SISP
  • Bid deadline 22 June 2026
  • Stay extended to 17 July 2026
PDF
Order - Stay Extension
  • Commencement date 14 April 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Noble Growth Alberta Limited Partnership; Noble Growth Corp.
  • Monitor Ernst & Young Inc.
  • + 4 more extracted facts
PDF
Fifth Affidavit of Jean Chiasson Sworn May 19, 2026PDF
Letter to Justice Lema and Commercial CoordinatorPDF
Affidavit of Scott Sinclair - Sworn May 7, 2026PDF
Amended Order - Stay Extension to May 21, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Sirona Pharma Inc.; SuneRa Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Monitor Ernst & Young Inc.
  • Order date 8 May 2026
  • + 3 more extracted facts
PDF
Supplement to the Fourth Affidavit of Jean Chiasson - Sworn May 7, 2026PDF
Affidavit No. 2 of Gord Boersma Sworn May 4, 2026PDF
Service Letter to Service List - Affidavit No 2 of Gord Boersma
  • Counsel Litigation Counsel to CCAA Parties
PDF
Fourth Affidavit of J. Chiasson, Sworn May 1, 2026PDF
Letter to the Service List (Email) - May 1, 2026
  • Counsel Hudson Energy Canada Corp. KSI Law Professional Corporation
PDF
Order to Dismiss S. Perry Application
  • Presiding officer Justice J.S. Little
PDF
03. Third Report of the Monitor
  • Operational summary The purpose of this Third Report of the Monitor is to provide this Honourable Court and the Companies' stakeholders with information and the Monitor's comments with respect to the Perry Application, commentary on the evidence given by Perry at his Questioning, and commentary on the status of the Perry Group's Security and the Monitor's recommendations.
  • Professional fees Note: Report states an inordinate amount of time/costs incurred but gives no specific dollar figure; also references estimated future forensic costs of $75,000-$100,000 for cyber investigation. · Party: Monitor and Monitor's counsel · Currency: CAD
  • Report date 5 March 2026
  • Report no Third
PDF
Affidavit of Stephan DoyonPDF
Brief of Law of the RespondentsPDF
Amended Application - Moving PartyPDF
Amended Brief of Law - Moving PartyPDF
Letter to the Service List - Responding Brief and Questioning TranscriptPDF
Responses to Undertakings - Stevan PerryPDF
Schedule A - Service List
  • Counsel Yadevinder Singh Bhullar Aird & Berlis LLP
PDF
Transcript of Stevan Perry QuestioningPDF
Application - Moving Party (Filed)PDF
Amended Brief of Law (Filed)PDF
Sworn Affidavit of Stevan Perry (Filed) - Cover PagePDF
Affidavit of Norma YachimecPDF
Brief of Law - Moving PartyPDF
Moving Party - ApplicationPDF
Application Brief (Filed)PDF
Order - Stay Extension, Approval of Amended Interim Financing and Updating Chief Restructuring Officers
  • Court Court of King's Bench of Alberta
  • Debtor names Sirona Pharma Inc.; SuneRa Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Monitor Ernst & Young Inc.
  • Order date 6 February 2026
  • + 2 more extracted facts
PDF
Sworn Affidavit of Gord Boersma (Filed)PDF
02. Second Report of the Monitor (Filed)
  • Cash on hand $100K
  • Disbursements $725K · Note: Actual total disbursements for the 10 week period ending January 30, 2026 · Since: 2025-11-21
  • Operational summary Overall, the ending cash position of the Applicants is higher by approximately $53,540, driven by variances across labour, management, repairs and maintenance, restructuring and financing fees for the period November 21, 2025 to January 30, 2026.
  • Process results 1 NDAs
  • + 6 more extracted facts
PDF
Amended Stay Extension, Interim Financing and CRO Update - Application (Filed)PDF
Letter to the Service List re Amended Application and Supplemental AffidavitPDF
Sworn Supplement to the Third Affidavit of Jean ChiassonPDF
Sirona - Applicants Informal SISP TeaserPDF
Perry Caruso First Affidavit Key ExtractsPDF
Pinpoint Schedules of First AffidavitsPDF
Service LetterPDF
Letter to Service ListPDF
Stay Extension and Interim Financing Approval - Application (Filed)PDF
Sworn Third Affidavit of Jean Chiasson (Filed)PDF
Fourth Affidavit of Stevan PerryPDF
Fourth Affidavit of Stevan Perry Sworn January 2, 2026 (Filed)PDF
Second Affidavit of Stevan PerryPDF
Second Affidavit of Stevan Perry Sworn January 2, 2026 (Filed)PDF
Third Affidavit of Stevan PerryPDF
01. First Report of the Monitor (Filed)
  • Operational summary The Applicants historically operated in the cannabis field, cultivating, processing, and distributing wholesale medical cannabis.
  • Professional fees $110K
  • Receipts cumulative $0
  • Report date 27 November 2025
  • + 1 more extracted fact
PDF
Amended and Restated Initial Order (Filed)
  • Order date 28 November 2025
  • Stay expiry 13 February 2025
PDF
Application ReturnablePDF
Exhibits to the Sworn Affidavit of Steven PerryPDF
Letter of Service - Adjournment of WEPPA Relief, Affidavit of Service and Updated OrdersPDF
Letter of Service - Service of BriefPDF
Second Affidavit of Jean ChiassonPDF
Second Affidavit of Norma Yachimec Sworn November 28, 2025 (Filed)PDF
Sworn Affidavit of Bernie Van MarenPDF
Sworn Affidavit of CalogeroPDF
Sworn Affidavit of ServicePDF
Sworn Affidavit of Stevea PerryPDF
Sworn Affidavit of Yadevinder Singh BhullarPDF
Sworn First Affidavit of Norma YachimecPDF
Sworn Second Affidavit - Norma YachimecPDF
First Affidavit of Calogero Caruso Sworn November 27, 2025 (Filed)PDF
First Affidavit of Norma Yachimec Sworn November 27, 2025 (Filed)PDF
Notice to CreditorsPDF
Initial Order (Filed)
  • Applicant Sirona Pharma Inc., SuneRa Acreage Holdings Inc., Acreage Development Corp. and Sirona Farms Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Charges Administration Charge $250K; Interim Lender's Charge $280K; Directors' Charge $100K
  • + 10 more extracted facts
PDF
Pre-Filing Report of the Proposed Monitor
  • Financial position Liabilities $39.5M · as at — · per unaudited/management estimate · Applicants collectively (SuneRa Acreage Holdings Inc., Acreage Development Corp., Sirona Pharma Inc., Sirona Farms Inc.) — Described as 'total estimated indebtedness of the Applicants is approximately $39,500,000'; a balance sheet as at November 10, 2025 is referenced as Schedule A but not included in the provided pages.
  • Secured creditors $1.9M · Note: Approximate figure stated in CFS#1 assumptions ('approximately $1.9MM'); nature is a garnishee over bank accounts rather than a registered security interest. · Page: 22 · Debtor: Sirona Pharma Inc. · Creditor: Canada Revenue Agency · Security: Garnishee in place over Sirona Pharma's bank accounts (RBC)
PDF
Sealing Order (Filed)
  • Court Court of King's Bench of Alberta, Edmonton
  • Debtor names Sirona Pharma Inc.; SuneRa Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Monitor Ernst & Young Inc.
  • Order date 21 November 2025
  • + 2 more extracted facts
PDF
Sworn Affidavit of G BoersmaPDF
Letter to the Service ListPDF
Sword Affidavit of J Chiasson - Part 3 (Filed)
  • Secured creditors Note: Guarantees given by Acreage Development Corp. and Sirona Pharma Inc.; no outstanding balance stated on these pages; mortgage amount is original principal, not a balance · Page: 2 · Debtor: SuneRa Acreage Holdings Inc. · Creditor: Yadevinder Singh Bhullar, Jaiinder Singh Bhullar and Comet Warehousing & Distribution Services Limited (collectively, the "Lender") · Currency: CAD · Security: Promissory Notes (per Forbearance Agreement dated December 20, 2024); secured by (a) a mortgage in the original principal amount of $875,000.00 granted by Sirona Pharma Inc. over Alberta real property, (b) guarantees from Acreage Development Corp. and Sirona Pharma Inc., and (c) general security agreements granting a security interest in all present and after-acquired personal property of Acreage Development Corp. and Sirona Pharma Inc.
PDF
Sworn Affidavit of J Chiasson - Part 1 (Filed)
  • Financial position Assets $59M · Liabilities $39.5M · as at 10 Nov 2025 · per Estimated balance sheet (Exhibit 14); assets based on a July 2024 appraisal; described by affiant as estimates only due to limited available information following the Cyber Attack and IT manager withholding server access · entity - Sirona Pharma Inc. only (not consolidated for all Applicants) — Liabilities table includes Van Maren Indebtedness ($6,000,000), Y.S. Bhullar Indebtedness ($2,000,000), Sonidech Indebtedness ($15,000,000), and Shareholder Loans ($10,000,000) among other items - these figures differ slightly from the more precise amounts stated elsewhere in the affidavit (paras 109-164) and are rounded estimates.
  • Secured creditors $2.69M · Note: 'Bhullar Indebtedness' - plus interest and costs, remains outstanding as of filing date. Part of original Sonidech Debenture Lender Group; Six-Month Note facility limit was $1,500,000. Second demand and notice of intent to enforce issued Feb 5, 2025. · Page: 26 · As of: 2025-02-08 · Debtor: SuneRa Acreage Holdings Inc. (borrower); guaranteed by Sirona Pharma Inc. and Acreage Development Corp.; mortgage granted by Sirona Pharma Inc. over Facility Lands · Creditor: Yadevinder Singh Bhullar · Security: Collateral Mortgage on Facility Lands (max $1,500,000, registered instrument #242142497, postponed in favour of, but ranking ahead of Sonidech Mortgage); General Security Agreements (Sirona Pharma, SuneRa, Acreage Development)
PDF
Sworn Affidavit of J Chiasson - Part 2 (Filed)
  • Secured creditors $5.58M · Note: Statement of Claim pleads exact balance owing of $5,575,890.09 as of filing (Mar 21, 2025); mortgage principal ($5,253,000.00) is the original secured sum, not the balance. Loan guaranteed by Acreage Development Corp. and personally by Diane Walsh, Jean Chiasson and Glenn Walsh (guarantee and postponement of claim); Sunera Acreage Holdings Inc. also executed the Loan Agreement and a guarantee/postponement of claim. · Page: 16 · As of: 2025-03-21 · Debtor: Sirona Pharma Inc. (mortgagor); also PPSA debtor Sunera Acreage Holdings Inc. · Creditor: Van Maren Financial (2019) Ltd. · Security: Memorandum of Mortgage registered 22-Feb-2024, Instrument No. 242 051 271, over lands at 14129 East Bank Road, Yellowhead County, AB, originally securing principal sum of $5,253,000.00; Assignment of Rents and Leases, Instrument No. 242 051 272; PPSA general security interest (all present, continuing and after-acquired personal property) taken re indebtedness of Sirona Pharma Inc. (BC/AB PPR); PPSA general security interest over all present and after-acquired personal property and proceeds, plus uncrystallized floating charge on land, of Sunera Acreage Holdings Inc. (registered 1-Feb-2024)
PDF
Brief - CCAA Initial Order (Filed)
  • Court Court of King's Bench of Alberta
  • Debtor names Sirona Pharma Inc.; Sunera Acreage Holdings Inc.; Acreage Development Corp.; Sirona Farms Inc.
  • Head office Alberta
  • Monitor Ernst & Young Inc.
  • + 1 more extracted fact
PDF
Originating Application - Initial Order (Filed)
  • Applicant SIRONA PHARMA INC., SUNERA ACREAGE HOLDINGS INC., ACREAGE DEVELOPMENT CORP. and SIRONA FARMS INC.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Commencement date 20 November 2025
  • + 6 more extracted facts
PDF
Service List
  • Counsel Hudson Energy Canada Corp. KSI Law Professional Corporation
PDF

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

CiteProceedings., “Sirona Pharma Inc. and three related entities” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/sirona-pharma-inc-and-three-related-entities

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/sirona-pharma-inc-and-three-related-entities

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.