Wabi Sabi Brands Ltd.
- Proceeding
- Receivership (private)Part XI of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- 2301 15230
- Industry
- Cannabis · Cannabis producers
Wabi Sabi Brands Ltd. is subject to a bankruptcy proceeding built around a Notice of Intention to Make a Proposal, with a creditor list estimated by the company as of the NOI filing date. The list records aggregate unsecured claims of $151,000 owed to various employees, $30,932.30 owed to the Canada Revenue Agency, and $25,940.50 owed to Health Canada, alongside smaller trade claims to suppliers including the Ontario Cannabis Store, Alberta Gaming, Liquor and Cannabis, and McCarthy Tetrault LLP. Gregory Turnbull and Catherine Samuel each appear twice, once as secured creditors for $0.56 and $0.66 and again as unsecured creditors for $49,999.44 and $9,999.34. No court, judicial centre, or further procedural steps are recorded.
The officer filed report no. First Report. All employees were terminated prior to the NOI filing and operations ceased; the Receiver conducted a sales process and is seeking approval of a sale of the company's assets to Bloomex Inc. Court file 2301 15230.
Debtor
Wabi Sabi Brands Ltd.
Receiver
Harris & Partners
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Catherine Samuelas of NOI filing date — Listed with a corresponding unsecured claim of $9,999.34 for the same creditor; capacity/role not stated on the list (possible employee); amount as estimated by the Company as at the NOI filing date. — debtor: Wabi Sabi Brands Ltd. | $1 | Notice to Creditors (NOI) |
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
28 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 approved — The Transaction is hereby approvedApproval and Vesting Order · 21 Nov 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser under redacted Bloomex APA; name redactedWabi Sabi's Property · asset sale · agreement 13 Nov 2023 | Subscribers | Approved | First Report of the Receiver (November 14, 2023) |
| Bloomex Inc.the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 13 Nov 2023 | not stated | Approved21 Nov 2023 | Approval and Vesting Order |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| PDF · Subscribers | |
Application (November 14, 2023)
| PDF · Subscribers | |
First Report of the Receiver (November 14, 2023)
| PDF · Subscribers | |
Confidentiality Agreement (October 3, 2023)
| PDF · Subscribers | |
Sales Process Procedures (October 3, 2023)
| PDF · Subscribers | |
Teaser (October 3, 2023)
| PDF · Subscribers | |
| Notice of Statement of the Receiver | PDF · Subscribers | |
Notice to Creditors (Bankruptcy)
| PDF · Subscribers | |
| Wabi Sabi Brands Ltd. - Certificate of Assignment | PDF · Subscribers | |
Notice to Creditors (NOI)
| 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., “Wabi Sabi Brands Ltd.” (Receivership (private)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/wabi-sabi-brands-ltd