Smiling Simba Learning Academy Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act
- File
- 2401-04463
Smiling Simba Learning Academy Inc. is in court-appointed receivership under BIA s. 243 and provincial Judicature Act provisions. The Receiver's Notice, dated January 17, 2025, identifies the company's only asset as a commercial building at 13209 Evanspark Blvd NW, Calgary, valued at $6,810,000.00 on a Statement of Affairs/tax-assessment basis, though its net realizable and realized values were $0.00 as of January 10, 2025. Registered secured claims against the building include The Bank of Nova Scotia at $10,170,652.26, 1967262 Alberta Ltd. at $900,000.00, MortgageQuote Canada Corp. at $200,000.00, and a City of Calgary property tax lien of $366,258.41. The Receiver says it has very limited information from the company on creditor balances; most listed unsecured creditors, including CRA, appear at nominal $1.00 placeholders, aside from Power Engineers, Incorporated at $53,168.00.
6 earlier updates, back to 10 January 2024 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Case update
Smiling Simba: the claims the lenders would not fund
Hudson & Company has sold the Calgary daycare building to Realstream at a sealed price and paid The Bank of Nova Scotia $10,500,000. Its Third Interim Report, dated August 24, 2026, turns to what is left, approximately $796,000 in rent it found was paid directly to the company's director, a $200,000 security deposit and two operating-cost notices to the tenant totalling $147,173.53, and reports that the bank and the second mortgagee will not fund the claims while the third mortgagee may take them by assignment.
Debtor
Smiling Simba Learning Academy Inc.
Receiver
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Bank of Nova Scotia · in 110 casesas of Receiver's Notice dated January 17, 2025 (estimated amount owed) — Registered security on commercial building (13209 Evanspark Blvd NW, Calgary); also holds a general security agreement — Same creditor/amount listed under both 'registered security on the commercial building' and 'general security agreements' lists; reported as a single estimated figure by the Receiver. — debtor: Smiling Simba Learning Academy Inc. | $10.2M | Notice of Statement of the Receiver |
Sale approved — The Transaction is approved and execution of the Sale Agreement by the Receiver is authorized and approvedForm of Order (SAVO - Smiling Simba) · 25 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Realstream Income Properties Limited Partnershipthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 10 Dec 2025 | Sealed | Approved25 Feb 2026 | Form of Order (SAVO - Smiling Simba) |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
$52.6K
As at 19 Feb 2026First Report to the Court of the Court Appointed Receiver
| Date | Document | File |
|---|---|---|
Receivers Third Report - Smiling Simba Learning Academy Inc.
| PDF · Subscribers | |
Form of Order (SAVO - Smiling Simba)
| PDF · Subscribers | |
Form of Order (Sealing and Approval of Activities - Smiling Simba)
| PDF · Subscribers | |
| Written Submissions of the Receiver | PDF · Subscribers | |
Application for Sale Approval and Vesting Order
| PDF · Subscribers | |
First Report to the Court of the Court Appointed Receiver
| PDF · Subscribers | |
| Receivers Second Report | PDF · Subscribers | |
Receivers First Report
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Notice of Statement of the Receiver
| 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., “Smiling Simba Learning Academy Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/smiling-simba-learning-academy-inc