Proceedings.

Stewart’s Vertical Farms Inc.

ActiveFollow
Proceeding
NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
Court
Ontario Superior Court of Justice
File
BK-25-03241528-0031
Industry
Cannabis · Cannabis producers
Filings held31
Last activity29 Dec 2025
On the record496 days
Secured debtSubscribers
OverviewSummary updated

Stewart's Vertical Farms Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on June 27, 2025, with Grant Thornton Limited acting as the licensed insolvency trustee, in the Ontario Superior Court of Justice, Commercial List, under court file BK-25-03241528-0031. A court officer's report subsequently set the date of bankruptcy as December 29, 2025.

Proceedings AIOpen Proceedings AI⁠
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
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates31 dated entries · 1 undated
#Filing

Stewart’s Vertical Farms Inc. — NOI filed, Ontario.

Undated filings1 — no date appears on the document · show
Parties

Debtor

Stewart’s Vertical Farms Inc.

Proposal trustee

Doane Grant Thornton

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice DietrichOntario Superior Court of Justice4 orders, Sep 2025 – Dec 2025132 cases on record
Justice SteeleOntario Superior Court of Justice4 orders, Jul 2025 – Dec 2025245 cases on record
Justice CavanaghOntario Superior Court of Justice3 orders, Oct 2025318 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorStewart's Vertical Farms IncReconstruct LLP21 Jul 2025Factum · 21 Jul 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredFactors Western Inc. (FWI) · in 6 casesAll present and after-acquired personal property (PPSA); mortgage on the Facility — Owed pursuant to promissory notes dated June 29, 2021 and August 1, 2022; also listed as 'Due to Factoring Partner' $2,060,000.00 on 2025 draft balance sheet — debtor: Stewart's Vertical Farms Inc. · as of 27 Jun 2025$2.06MMotion Record of Stewart's Vertical Farmc Inc Returnable October 24, 2025.pdf
4Secured
4Secured
4Secured
4Secured
8Unsecured
8Unsecured

6 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Sale processAs stated in the filings

Sale approved — The Court approved the Subscription Agreement and the Transaction contemplated therein, a reverse vesting order transferring the Subscribed Shares to the Purchaser and Excluded Assets/Liabilities to ResidualCoApproval and Reverse Vesting Order of Justice Dietrich dated December… · 19 Dec 2025

Bid deadline (round closed)

3 December 2025

Teaser Stewart's Vertical Farms Inc.pdf

PurchaserPriceStatusSource
2754318 Alberta Ltd.all of the right, title and interest in and to the Subscribed Shares · share subscription · ResidualCo: 1001440340 Ontario Inc. · agreement 5 Dec 2025not statedCloseddate not statedoutside 24 Dec 2025Proposal Trustee's Transaction Closing…
AdvisorsGrant Thornton Limited (sale agent)Teaser Stewart's Vertical Farms Inc.pdf
Closing termsClosing occurs upon delivery of the Proposal Trustee's Certificate at the Effective Time, in the sequence set out in the Subscription Agreement (Closing Sequence)Approval and Reverse Vesting Order of Justice Dietrich dated December…
RecoveriesAs stated in the filings

Unsecured creditors: shortfall.EstimatedMotion Record of Stewart's Vertical Farms Inc. returnable December 19,… · 10 Dec 2025

ClassCreditorClaimsRecoveryBasisSource
Unsecured——shortfallEstimatedper the debtorMotion Record of Stewart's Vertical Farms Inc. returnable December 19,… · 10 Dec 2025

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.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents
31 filings
DateDocumentFile
Certificate of Appointment.pdf
  • Appointee GRANT THORNTON LIMITED
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 29 December 2025
  • Court file no 31-3241528
  • + 1 more extracted fact
PDF · Subscribers
Ancillary Order of Justice Dietrich dated December 19, 2025.pdf
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Approval and Reverse Vesting Order of Justice Dietrich dated December 19, 2025.pdf
  • Closing terms Closing occurs upon delivery of the Proposal Trustee's Certificate at the Effective Time, in the sequence set out in the Subscription Agreement (Closing Sequence)
  • Counsel Reconstruct LLP
  • Order date 19 December 2025
  • Presiding officer Justice Dietrich
  • + 4 more extracted facts
PDF · Subscribers
Endorsement of Justice Dietrich dated December 19, 2025.pdf
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Factum of Stewart's Vertical Farms Inc. dated December 17, 2025.pdfPDF · Subscribers
Motion Record of Stewart's Vertical Farms Inc. returnable December 19, 2025.pdf
  • Recovery outcome Entries: per estimated; per liquidation_alternative · Table missing:
PDF · Subscribers
Endorsement of Justice Steele dated December 9, 2025.pdf
  • Presiding officer Justice Steele
PDF · Subscribers
Stay Extension Order of Justice Steele dated December 9, 2025.pdf
  • Presiding officer Justice Steele
PDF · Subscribers
Motion Record of Stewart's Vertical Farms Inc returnable December 9, 2025.pdfPDF · Subscribers
SISP Approval Order dated October 27, 2025.pdf
  • Bid deadline 3 December 2025
  • Counsel Reconstruct LLP
  • Order date 27 October 2025
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Teaser Stewart's Vertical Farms Inc.pdf
  • Bid deadline 3 December 2025
  • Sale advisor Grant Thornton Limited (sale agent)
  • Sale outcome Marketed — SISP launched for the sale of, or investment in, the Company's cannabis cultivation operations
PDF · Subscribers
Endorsement of Justice Cavanagh dated October 24, 2025.pdf
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Responding Record Returnable October 24, 2025.pdfPDF · Subscribers
SISP Procedures.pdf
PDF · Subscribers
Stay Extension Order dated October 24, 2025.pdf
  • Counsel Reconstruct LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Supplemental Motion Record of Stewart's Vertical Farm Inc Returnable October 24, 2025.pdf
  • Counsel Reconstruct LLP
PDF · Subscribers
Factum of Stewart's Vertical Farms Inc. dated October 22, 2025.pdfPDF · Subscribers
Motion Record of Stewart's Vertical Farmc Inc Returnable October 24, 2025.pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Endorsement of Justice J.Dietrich dated September 10, 2025.pdf
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Stay Extension Order dated September 10, 2025.pdf
  • Counsel Reconstruct LLP
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Factum of Stewart's Vertical Farms Inc. dated September 5, 2025.pdf
  • Counsel Reconstruct LLP
PDF · Subscribers
Motion Record of Stewart's Vertical Farms Inc Returnable September 10, 2025.pdf
  • Applicant Stewart's Vertical Farms Inc.
  • Counsel Reconstruct LLP
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no BK-25-03241528-0031
  • + 5 more extracted facts
PDF · Subscribers
Endorsement of Justice Steele dated July 24, 2025.pdf
  • Presiding officer Justice Steele
PDF · Subscribers
Service List as of July 24, 2025.docxPDF · Subscribers
Stay Extension Order dated July 24, 2025.pdf
  • Counsel Reconstruct LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Factum of Stewart's Vertical Farms Inc. dated July 21, 2025.pdf
  • Counsel Reconstruct LLP
PDF · Subscribers
Motion Record of Stewart's Vertical Farms Inc Returnable July 18, 2025.pdfTrustee site
Certificate for the Notice of Intention to Make a Proposal dated June 27, 2025.pdf
  • Appointee Grant Thornton Limited
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 27 June 2025
  • Court file no 31-3241528
  • + 1 more extracted fact
PDF · Subscribers
Confidentiality and Non-Disclosure Agreement.pdf
  • Sale outcome Sale process approved — The Ontario Superior Court of Justice (Commercial List) granted the SISP Order on October 27, 2025, authorizing the Proposal Trustee, with the assistance of the Company, to conduct a sale and investment solicitation process for the Company's property, assets and undertakings; this NDA is the form interested parties must sign to receive Confidential Information.
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Proposal Trustee's Transaction Closing Certificate.pdf
  • Closing confirmed Closed · date not stated · 2754318 Alberta Ltd.
PDF · Subscribers
SISP Acknowledgement.pdf
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., “Stewart’s Vertical Farms Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/stewart-s-vertical-farms-inc

Recently updated

Giftcraft Holdings, Inc., Ripskirt Hawaii, LLC et al.

Ontario · Receivership (court-appointed)

3 Nov 2026

Transport Bruno Harvey inc.

Quebec · Bankruptcy

3 Nov 2026

Sunshine Oilsands Ltd

Alberta · Receivership (court-appointed)

3 Nov 2026

RSG Law Professional Corporation

Ontario · Receivership (court-appointed)

3 Nov 2026

Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/stewart-s-vertical-farms-inc

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.