Virentia Innovation Inc. (Innovation Virentia inc.) has been under court-appointed receivership in Quebec since March 31, 2025, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The receiver has brought a Requête seeking approval of asset sale Transactions, together with orders reducing rather than discharging the security of Fédération des Caisses Desjardins du Québec and Investissement Québec so as to exclude the assets sold, and total radiation of the security of John Deere Canada ULC, a conditional sale vendor the receiver expects to be repaid in full from sale proceeds or in an agreed amount. Desjardins, which was consulted, supports the Requête and anticipates partial repayment of its claim from proceeds; Investissement Québec does not oppose it. John Deere was not consulted. The receiver's interim receipts and disbursements statement records an interim distribution of 600 000,00 $ made on or about August 26, 2025 and a disbursement of 867 371,12 $ described as the repurchase of a secured claim.
Third interim report recorded receipts of 4 134 420,75 $ and disbursements of 2 382 583,62 $ since appointment, 456 837,13 $ on hand at August 31, 2026, and continuing negotiations over the immovable property.
Source: Troisième rapport provisoire du séquestre (14 septembre 2026)
Approved sales of the debtor's tangible movable property to Premier Tech Technologies Limitée and Apex Group USA, prices filed under seal; the closing has since been completed.
Source: Ordonnance d'approbation et de dévolution (5 mai 2026)
The officer filed report no. Second rapport provisoire. The receiver continued managing the patent portfolio, preserving assets, negotiating with potential buyers, conducted a second public tender process for movable property, and retained a broker for the real estate; it expects most assets to be sold before September 30, 2026.
Source: Second rapport provisoire du séquestre (20 mars 2026)
The officer filed report no. Premier rapport provisoire. The Receiver has taken possession of and sold a portion of the debtor's assets under an approval and vesting order, run a solicitation process for remaining assets, and expects the assets to be fully sold before March 31, 2026.
Source: Premier rapport provisoire du séquestre (29 septembre 2025)
Approved four transactions covering a significant part of the debtor's tangible movable property, vesting on issuance of the receiver's certificate; the sales closed June 9, 2025.
Source: Ordonnance d'approbation et de dévolution (27 mai 2025)
Restructuration Deloitte inc. was appointed séquestre over the debtor's property by the Superior Court of Québec, court file 400-11-007143-257.
Fédération des Caisses Desjardins du Québec sought a receiver under articles 243 et s. of the Bankruptcy and Insolvency Act; the appointment order issued the same day.
Source: Requête pour l'émission d'une ordonnance d'approbation et de dévolution (23 mai 2025
Requête pour l'émission d'une ordonnance d'approbation et de dévolution (30 avril 2026) — Application filed
Debtor
Virentia Innovation Inc.
Applicant
Fédération des caisses Desjardins du Québec
Receiver
Deloitte
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Unnamed secured creditor · in 5 casesListed in interim receipts/disbursements statement as 'Rachat d'une créance garantie' (redemption/payout of a secured claim) - creditor not identified by name; claim appears discharged/paid out during the receivership period reported (statement as of August 31, 2025). — debtor: Innovation Virentia inc. · as of 31 Aug 2025 | $867K | Rapport provisoire du séquestre (29 septembre 2025) |
| Secured | Fédération des caisses Desjardins du Québec · in 42 casesNamed as 'créancier garanti'; document does not state its outstanding balance/claim amount pre-filing. Received an interim distribution of $600,000 CAD on or about August 26, 2025 from receivership proceeds. — debtor: Innovation Virentia inc. | — | Rapport provisoire du séquestre (29 septembre 2025) |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
9 transactions · 6 approved · 2 closed · 1 proposed — Le Séquestre est d'avis qu'il est probable que tous les Biens soient vendus avant le 31 mars 2027.Troisième rapport provisoire du séquestre (14 septembre 2026) · 14 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Distribution Agrovie inc.les Actifs achetés · asset sale | Sealed | Approved27 May 2025 | Ordonnance d'approbation et de dévolution (27… |
| Ferme Rhétaise inc.les Actifs achetés · asset sale | Sealed | Approved27 May 2025 | Ordonnance d'approbation et de dévolution (27… |
| L'Institut national de la recherche scientifiqueles Actifs achetés · asset sale | Sealed | Approved27 May 2025 | Ordonnance d'approbation et de dévolution (27… |
| Premier Tech Technologies Limitéeles actifs achetés (les « Actifs achetés ») · asset sale | Sealedprix non divulgué; contenu dans l'Offre d'achat Premier Tech, Annexe C du Rapport, produit sous scellés | Approved27 May 2025 | Ordonnance d'approbation et de dévolution (27… |
| Qosma informatique inc.les Actifs achetés · asset sale | Sealed | Approved27 May 2025 | Ordonnance d'approbation et de dévolution (27… |
| unnamedquatre (4) transactions de vente portant sur une partie significative des biens meubles corporels de la Débitrice | not stated | Closed9 Jun 2025 | Rapport du séquestre – version caviardée (28… |
| Apex Group USAles actifs achetés (les « Actifs achetés ») · asset sale | Sealedprix non divulgué; contenu dans la Soumission de l'adjudicataire, Annexe F du Rapport, produit sous scellés | Approved5 May 2026 | Ordonnance d'approbation et de dévolution (5… |
| acheteur des Biens meubles tangibles visés par la Deuxième ordonnance d'approbation et de dévolution, non identifiéBiens meubles tangibles de la Débitrice · asset sale | not stated | Closeddate not stated | Troisième rapport provisoire du séquestre (14… |
| acheteurs potentiels des biens immeubles de la Débitrice, non identifiés, pourparlers en coursbiens immeubles de la Débitrice · real property | not stated | Proposed | Troisième rapport provisoire du séquestre (14… |
Cumulative receipts
$4.13M
As at 31 Aug 2026Troisième rapport provisoire du séquestre (14 septembre 2026)
Cumulative disbursements
$2.38M
As at 31 Aug 2026Troisième rapport provisoire du séquestre (14 septembre 2026)
Cash on hand
$457K
As at 31 Aug 2026Troisième rapport provisoire du séquestre (14 septembre 2026)
Professional fees to date
$592K
As at 31 Aug 2026Troisième rapport provisoire du séquestre (14 septembre 2026)
| Date | Document | File |
|---|---|---|
Troisième rapport provisoire du séquestre (14 septembre 2026)
| ||
Ordonnance d'approbation et de dévolution (5 mai 2026)
| ||
Rapport du séquestre – version caviardée (28 avril 2026)
| ||
Second rapport provisoire du séquestre (20 mars 2026)
| ||
Premier rapport provisoire du séquestre (29 septembre 2025)
| ||
Ordonnance d'approbation et de dévolution (27 mai 2025)
| ||
| Avis et déclaration du séquestre (7 avril 2025) | ||
| Demande de soumissions (Février 2026) | ||
| Demande de soumissions (Mai 2025) | ||
Ordonnance nommant un séquestre (31 mars 2025)
| ||
Requête pour l'émission d'une ordonnance d'approbation et de dévolution (23 mai 2025
| ||
Requête pour l'émission d'une ordonnance d'approbation et de dévolution (30 avril 2026)
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Virentia Innovation Inc.” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/virentia-innovation-inc
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/virentia-innovation-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.