Wabi Sabi Brands Ltd.
FollowActive
- Proceeding
- Receivership (private)Part XI of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- 2301 15230
Filings held10
Last activity21 Nov 2023
On the record1,095 days
Secured debt$1
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates10 dated entries
#Report
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.
Parties
Debtor
Wabi Sabi Brands Ltd.
Receiver
Harris & Partners
Capital structureAs asserted in the filings
| # | 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 | Gregory Turnbullas of NOI filing date — Listed with a corresponding unsecured claim of $49,999.44 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) |
| 7 | Preferred (BIA s. 136) | Various Employees · in 37 casesas of NOI filing date — Aggregate employee claims listed under the unsecured column; preferred column shows $0.00 for this entry despite typical wage-claim priority under the BIA. — debtor: Wabi Sabi Brands Ltd. | $151K | Notice to Creditors (NOI) |
| 8 | Unsecured | Gregory Turnbullas of NOI filing date — Same creditor also carries a secured claim of $0.56 on this list. — debtor: Wabi Sabi Brands Ltd. | $50K | Notice to Creditors (NOI) |
| 8 | Unsecured | Canada Revenue Agency, Pacific/Prairies Regions · in 5 casesas of NOI filing date — LTC code 6 distinguishes this claim on the list; likely deemed-trust class (source deductions/tax) though not expressly labelled as such on the page. — debtor: Wabi Sabi Brands Ltd. | $30.9K | Notice to Creditors (NOI) |
| 8 | Unsecured | BatchMasteras of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $27.8K | Notice to Creditors (NOI) |
| 8 | Unsecured | Health Canada · in 23 casesas of NOI filing date — Regulatory (federal regulator) claim. — debtor: Wabi Sabi Brands Ltd. | $25.9K | Notice to Creditors (NOI) |
| 8 | Unsecured | Alberta Gaming, Liquor and Cannabis · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $13.2K | Notice to Creditors (NOI) |
| 8 | Unsecured | Ontario Cannabis Store · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $10.4K | Notice to Creditors (NOI) |
| 8 | Unsecured | Catherine Samuelas of NOI filing date — Same creditor also carries a secured claim of $0.66 on this list. — debtor: Wabi Sabi Brands Ltd. | $10K | Notice to Creditors (NOI) |
| 8 | Unsecured | McCarthy Tetrault LLP · in 19 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $9.02K | Notice to Creditors (NOI) |
| 8 | Unsecured | Guardian Advisory Groupas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $7.04K | Notice to Creditors (NOI) |
| 8 | Unsecured | Cascades Containerboard Packaging · in 12 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $6.28K | Notice to Creditors (NOI) |
| 8 | Unsecured | Saskatchewan Liquor & Gaming · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $3.3K | Notice to Creditors (NOI) |
| 8 | Unsecured | Unifirst Ltd. · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $2.29K | Notice to Creditors (NOI) |
| 8 | Unsecured | Route1 Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $2.14K | Notice to Creditors (NOI) |
| 8 | Unsecured | PBR Laboratories Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $1.3K | Notice to Creditors (NOI) |
| 8 | Unsecured | Mettler Toledo Canada Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $983 | Notice to Creditors (NOI) |
| 8 | Unsecured | Orbis Express Ltd. · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $849 | Notice to Creditors (NOI) |
| 8 | Unsecured | Purolator Courier · in 19 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $828 | Notice to Creditors (NOI) |
| 8 | Unsecured | Orkin Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $729 | Notice to Creditors (NOI) |
| 8 | Unsecured | Desna Controls and Weighing Inc.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $672 | Notice to Creditors (NOI) |
| 8 | Unsecured | Element Materials Technology Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $659 | Notice to Creditors (NOI) |
| 8 | Unsecured | Sarah Goertzenas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $319 | Notice to Creditors (NOI) |
| 8 | Unsecured | 2369022 Alberta Ltd.as of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $315 | Notice to Creditors (NOI) |
| 8 | Unsecured | Epsilon Chemicalsas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $231 | Notice to Creditors (NOI) |
| 8 | Unsecured | Aglient Technologiesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $190 | Notice to Creditors (NOI) |
| 8 | Unsecured | Finwall Site Services · in 2 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $46 | Notice to Creditors (NOI) |
| 8 | Unsecured | Meridian OneCap · in 7 casesas of NOI filing date — debtor: Wabi Sabi Brands Ltd. | $1 | Notice to Creditors (NOI) |
Sale processAs stated in the filings
2 transactions · 2 approved — The Transaction is hereby approvedApproval and Vesting Order · 21 Nov 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser under redacted Bloomex APA; name redacted in this excerptWabi Sabi's Property · asset sale · agreement 13 Nov 2023 | SealedPurchase price is redacted/sealed in the excerpt of the Asset Purchase Agreement; full agreement filed as Confidential Appendix 1 | 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 |
AdvisorsHarris & Partners Inc. (sale agent)Teaser (October 3, 2023)
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions.Approval and Vesting Order
Sealed materialsConfidential Appendix 1 and Confidential Appendix 2 to the First ReportApproval and Vesting Order
Documents
10 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| ||
Application (November 14, 2023)
| ||
First Report of the Receiver (November 14, 2023)
| ||
| Confidentiality Agreement (October 3, 2023) | ||
Sales Process Procedures (October 3, 2023)
| ||
Teaser (October 3, 2023)
| ||
| Notice of Statement of the Receiver | ||
| Notice to Creditors (Bankruptcy) | ||
| Wabi Sabi Brands Ltd. - Certificate of Assignment | ||
Notice to Creditors (NOI)
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Wabi Sabi Brands Ltd.” (Receivership (private)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/wabi-sabi-brands-ltd