Vitasave Wellness Inc. (CCAA)
Follow- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended
- File
- S265738
- Industry
- Retail · Health & beauty retail
Vitasave Wellness Inc. is the applicant in proceedings under the Companies' Creditors Arrangement Act in the Supreme Court of British Columbia, court file S265738, commenced September 8, 2026 and currently active. The list of creditors shows secured claims led by Bank of Montreal at $4,367,790.85, with BDC at $954,865.34, Fairway Ventures Corporation at $696,266.65 and Shopify at $371,581.55; amounts owing to Bank of Nova Scotia, BMW Canada Inc. and Canadian Dealer Lease Services Inc. are listed as to be determined. Unsecured claims include Motorola Solutions at $216,474.47, Amex Bank of Canada at $108,783.52 and Natural Factors at $33,391.42, together with numerous supplement suppliers; the Canada Revenue Agency and the B.C. Ministry of Finance are listed as to be determined.
Justice Brongers extended the stay of proceedings to November 20, 2026, on an order dated September 18, 2026.
Initial order granted, bringing Vitasave Wellness Inc. under CCAA protection in the Supreme Court of British Columbia under court file S265738.
The officer filed report no. Pre-Filing Report of the Proposed Monitor. Vitasave is operating as a going concern with about 25 employees, two retail stores and e-commerce sales, but 70-80% of its active catalogue is out of stock. It intends to use DIP funding to restock inventory before pursuing a recapitalization or SISP.
Source: Proposed Monitor's Report
Filing brief
Vitasave: restock first, then a sale process
With 70–80% of its active catalogue out of stock by its director's account, Burnaby supplement retailer Vitasave obtained a CCAA initial order on September 8, after BMO had petitioned in June for a receiver. On September 18 the stay was extended to November 20 and the interim lender's charge raised to $2.3 million for a restocking plan.
Debtor
Vitasave Wellness Inc. (CCAA)
Monitor
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 292 casesAmount as listed in the List of Creditors; no statement date given on the page. — debtor: Vitasave Wellness Inc. | $4.37M | Vitasave - List of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
33 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
$9 today, then $99 a month from day 8. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
$9 today, then $99 a month from day 8. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Service List | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
| Affidavit #3 of Ali Assadkhan | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
001. Initial Order, dated September 8, 2026
| PDF · Subscribers | |
Vitasave - List of Creditors
| PDF · Subscribers | |
| Affidavit #2 of Ali Assadkhan | PDF · Subscribers | |
Proposed Monitor's Report
| PDF · Subscribers | |
| Affidavit #1 of Ali Assadkhan | PDF · Subscribers | |
| Affidavit #1 of Ali Assadkhan - Exhibit P | PDF · Subscribers | |
| Affidavit #1 of Ali Assadkhan - Exhibits | PDF · Subscribers | |
| Petition | PDF · Subscribers | |
| Response to Petition - Beyar Assadkhan | PDF · Subscribers | |
| Response to Petition - BDC | PDF · Subscribers | |
| Affidavit #1 of Michelle Madrigga | PDF · Subscribers | |
Receivership Petition
| PDF · Subscribers | |
| Affidavit #1 of Mildred Schutte | 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., “Vitasave Wellness Inc. (CCAA)” (CCAA), Supreme Court of British Columbia. Retrieved 16 October 2026, https://proceedings.ca/case/vitasave-wellness-inc-ccaa