Tokyo Smoke
Follow- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CV-24-00726584-00CL
Tokyo Smoke has been under Companies' Creditors Arrangement Act protection in the Ontario Superior Court of Justice since August 28, 2024, and the proceedings, carried on the Commercial List in court file CV-24-00726584-00CL, remain active. On the unaudited list of creditors as at that date, TS Investments Corp holds a secured claim of $52,530,766 and Bank of Montreal one of $38,622,235. Unsecured creditors are reported at $2,855,155 in total, led by Open Field - 10926671 Canada Inc. at $380,694, The Cadillac Fairview at $370,688, Newfoundland Labrador Liquor Corporation at $351,152, National Cannabis Distribution at $339,047 and Manitoba Liquor & Lotteries at $228,938. PwC is listed at $120,910 and IDX Systems Corp at $116,481.
30 earlier updates, back to 28 August 2024 — subscribers.
Debtor
Tokyo Smoke
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 4 orders, Nov 2024 | 176 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Aug 2024 – Sep 2024 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantCompanies | Reconstruct LLP | 25 Nov 2024 | Service list · 25 Nov 2024 |
| ApplicantTokyo Smoke | Reconstruct LLP | 28 Aug 2024 | Order · 28 Aug 2024 |
| CreditorBank of Montreal | Aird & Berlis LLP | 25 Nov 2024 | Service list · 25 Nov 2024 |
| CreditorTS Investments Corp | Osler, Hoskin & Harcourt LLP | 25 Nov 2024 | Service list · 25 Nov 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | TS Investments CorpRelated party name (TS Investments Corp) suggests possible affiliate/related-party secured creditor; not confirmed in text — debtor: Tokyo Smoke · as of 28 Aug 2024 | $52.5M | List of Creditors |
2 transactions · 1 proposed · 1 approved — Monitor supports approval of the Transaction as contemplated by the Approval and Reverse Vesting OrderThird Report of the Monitor · 26 Nov 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2675970 Ontario Inc.Stalking horsethe Property · share subscription | Subscribers | Proposedoutside 6 Dec 2024 | Sale Process Approval Order |
| TS Investments Corp.a contemplated share subscription agreement · share sale · agreement 12 Sep 2024 | Subscribers | Approved | Third Report of the Monitor |
2 engagements · 2 firms — latest: Alvarez & Marsal Canada Inc., 28 Aug – 16 Nov 2024Third Report of the Monitor · 26 Nov 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Counsel to the monitorfirm not named in the heading | 14 Aug – 8 Nov 2024 | — | — | —12 people | Third Report of the Monitor · 26 Nov 2024 |
| Alvarez & Marsal Canada Inc.Monitor | 28 Aug – 16 Nov 2024 | — | — | —5 people | Third Report of the Monitor · 26 Nov 2024 |
Cumulative receipts
$18.1M
As at 26 Nov 2024Third Report of the Monitor
| Date | Document | File |
|---|---|---|
| Monitor’s Certificate | PDF · Subscribers | |
| Approval and Reverse Vesting Order | PDF · Subscribers | |
Endorsement of Justice Black (Approval and Reverse Vesting Order)
| PDF · Subscribers | |
| Factum (Franchisee Recission Claimants) | PDF · Subscribers | |
| Motion Record of the Applicants | PDF · Subscribers | |
| Responding Motion Record (Franchisee Recission Claimants) | PDF · Subscribers | |
| Supplemental Motion Record of the Applicants | PDF · Subscribers | |
| Supplementary Factum of the Applicants | PDF · Subscribers | |
Order
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
WEPPA Order
| PDF · Subscribers | |
Endorsement of Justice Black
| PDF · Subscribers | |
Compendium of the Applicants (Further Amended and Restated Initial Order – Extended Stay)
| PDF · Subscribers | |
| Responding Book of Authorities of Canopy Growth Corporation | PDF · Subscribers | |
| Supplement to the Second Report of the Monitor | PDF · Subscribers | |
| Reply Factum of the Applicants | PDF · Subscribers | |
| Responding Factum of Canopy Growth Corporation | PDF · Subscribers | |
| Transcripts Brief of Canopy Growth Corporation | PDF · Subscribers | |
| Factum of the Applicants | PDF · Subscribers | |
| Transcripts Brief of the Applicants | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Sale Process Approval Order
| PDF · Subscribers | |
Endorsement of Justice Cavanagh
| PDF · Subscribers | |
| Factum of the Applicants (Re Amended and Restated Initial Order) | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
Further Amended and Restated Initial Order
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | 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., “Tokyo Smoke” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/tokyo-smoke