Proceedings.

Wallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.

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Proceeding
CCAAsection 243(1) of the Bankruptcy and Insolvency Act
Court
Court of King's Bench of Alberta
Industry
Wholesale & distribution
Filings held148
Last activity12 Aug 2026
On the record1,232 days
OverviewSummary updated

Wallace & Carey Inc., Loudon Bros Limited and Carey Management Inc. have been under CCAA protection in the Court of King's Bench of Alberta since June 22, 2023, with KSV Restructuring Inc. as Monitor. All amounts owing to Canadian Imperial Bank of Commerce and Canadian Western Bank have been repaid, leaving the Tobacco Tax Charge and the Administration Charge as the only court-ordered charges not yet fully satisfied and released. Provincial and territorial tobacco tax claims stood at $25,459 thousand as at the filing date; the Monitor has distributed approximately $12.41 million under the Tobacco Tax Charge and projects an aggregate shortfall of approximately $5.85 million. The companies will be unable to repay their creditors in full. The stay was lifted as against Wallace & Carey and Loudon vis-à-vis DigiFlex Information Systems Inc. effective February 15, 2026.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Court Order Approving Claims Procedure filed August 27, 2024 dated 27 August 2024.

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Case updates148 dated entries
#Sale

The court granted an approval and vesting order for the sale to Spruce It Up Garden Centre Inc. Closing terms, as extracted: Vesting occurs upon delivery of a Monitor's Closing Certificate confirming payment and satisfaction of closing conditions. Sealed: Confidential Appendix '1' to the Sixteenth Report.

Source: Approval and Vesting Order dated April 24, 2025

#Sale

The court granted an approval and vesting order for the sale to 7Eleven Distribution Canada Corp. Closing terms, as extracted: vesting effective upon delivery of Monitor's Closing Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions, and completion of the Transaction.

Source: Approval and Vesting Order dated February 21, 2025

#Sale

The court granted an approval and vesting order for the sale to Cedric Doerksen and Maria Doerksen. Closing terms, as extracted: Closing Date is the later of seven Business Days following issuance of the SAVO and final determination of any appeals, or as otherwise agreed, conditional on granting of the SAVO. Sealed: Confidential Appendix '1' to the Second Report.

Source: Application re Sale Approval and Sealing Order dated June 17, 2024

#Sale

The court granted an approval and vesting order for the sale to Cedric Doerksen, Maria Doerksen. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of Purchase Price and satisfaction of closing conditions.

Source: Sale Approval and Vesting Order dated June 26, 2024

#Sale

The court granted an approval and vesting order for the sale to Spruce Lands LP. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 7 conditions, and completion of the Transaction.

Source: Sale Approval and Vesting Order filed May 15, 2024

#Sale

The court granted an approval and vesting order for the sale to Karimi Holdings Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Monitor's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions. Sealed: Confidential Exhibit '1' to the Carey Affidavit.

Source: Court Order Confirming Sale and Vesting Title dated November 3, 2023

#Order

Initial order pronounced, placing the three companies under CCAA protection and granting an $18 million Tobacco Tax Charge in favour of provincial and territorial tobacco tax authorities.

Source: CCAA Initial Order dated June 22, 2023

Parties

Debtor

Wallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.

Monitor

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MarionCourt of King's Bench of Alberta7 orders, Aug 2025 – Mar 202628 cases on record
Justice JohnstonCourt of King's Bench of Alberta6 orders, Feb 2024 – Apr 202555 cases on record
Justice RomaineCourt of King's Bench of Alberta5 orders, Jun 2024 – Nov 202491 cases on record
Justice HollinsCourt of King's Bench of Alberta5 orders, Aug 2023 – Feb 202426 cases on record
Justice SimardCourt of King's Bench of Alberta4 orders, Aug 2024 – Aug 202535 cases on record
Justice MahCourt of King's Bench of Alberta2 orders, Nov 2023 – Aug 202678 cases on record
3 more judges on the docket

Counsel of record

PartyCounselFirst seenSource
MonitorKSVCassels Brock & Blackwell LLP9 Nov 2023Service list · 30 May 2024
MonitorKSV Restructuring IncCassels Brock & Blackwell LLP9 Nov 2023Order · 9 Nov 2023
ApplicantCcaaMiller Thomson LLP30 May 2024Service list · 30 May 2024
ApplicantWallaceCassels Brock & Blackwell LLP9 Nov 2023Order · 9 Nov 2023
ApplicantWallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.Miller Thomson LLP17 Dec 2024Service list · 17 Nov 2025
PurchaserCedric Doerksen and Maria DoerksenBorden Ladner Gervais LLP17 Jun 2024Service list · 17 Jun 2024
CreditorAurora Cannabis IncMcCarthy Tétrault LLP30 May 2024Service list · 30 May 2024
CreditorBank of Nova ScotiaTorys LLP17 Nov 2025Service list · 17 Nov 2025
CreditorCanadian Imperial Bank of CommerceNorton Rose Fulbright Canada LLP30 May 2024Service list · 30 May 2024
CreditorCanadian Western BankMcCarthy Tétrault LLP30 May 2024Service list · 30 May 2024
CreditorCineplex Entertainment Limited PartnershipBorden Ladner Gervais LLP30 May 2024Service list · 30 May 2024
CreditorDigiflex Information Systems IncBurnet Duckworth & Palmer LLP17 Nov 2025Service list · 17 Nov 2025
CreditorDole Foods of Canada CompanyFasken Martineau DuMoulin LLP30 May 2024Service list · 30 May 2024
CreditorDot Food Canada IncStikeman Elliott LLP30 May 2024Service list · 30 May 2024
CreditorGordon Food Service Canada LtdMcMillan LLP17 Nov 2025Service list · 17 Nov 2025
CreditorImperial Tobacco CompanyOsler, Hoskin & Harcourt LLP30 May 2024Service list · 30 May 2024
CreditorInland PacLeaseParlee McLaws LLP30 May 2024Service list · 30 May 2024
CreditorITWAL LimitedPallett Valo LLP30 May 2024Service list · 30 May 2024
CreditorMassey Wholesale IncWeaver, Simmons LLP30 May 2024Service list · 30 May 2024
CreditorNestlé Canada IncBlake, Cassels & Graydon LLP30 May 2024Service list · 30 May 2024
CreditorPace Processing & Produce Development LtdOsler, Hoskin & Harcourt LLP30 May 2024Service list · 30 May 2024
CreditorPepsi CoMcCarthy Tétrault LLP30 May 2024Service list · 30 May 2024
CreditorRefresco CanadaMcMillan LLP30 May 2024Service list · 30 May 2024
CreditorRegal IdeasEdwards, Kenny & Bray LLP30 May 2024Service list · 30 May 2024
CreditorSpruce It Up Garden Centre IncDentons Canada LLP30 May 2024Service list · 30 May 2024
CreditorTrailcon Leasing IncIngenuity LLP30 May 2024Service list · 30 May 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Alberta (tobacco tax authority) · in 2 casesas of Filing Date (June 22, 2023) — Court-ordered Tobacco Tax Charge in favour of provincial and territorial authorities ($18 million under the Initial Order, increased to $25 million under the ARIO; stated as $26 million in the Twentieth Report) for amounts required to be remitted under the Tobacco Tax Act, RSA 2000, c. T-4 or other applicable provincial legislation. — Quasi-governmental regulatory claim, deemed-trust class (deemed trust not operative per s. 37 CCAA). Table in $000s. The Monitor understands the Province of Alberta's own records may reflect a lower amount owing as of the Filin$13.8MTwentieth Report of the Monitor dated July 31 2026
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
3Deemed trusts (CRA and other)
4Secured
4Secured

539 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

11 transactions · 7 closed · 4 approved — SEC Transaction approved and closedTwentieth Report of the Monitor dated July 31 2026 · 31 Jul 2026

Parties solicited

190

Twentieth Report of the Monitor dated July 31 2026

NDAs signed

47

Twentieth Report of the Monitor dated July 31 2026

Letters of intent

4

Twentieth Report of the Monitor dated July 31 2026

Bid deadline (round closed)

2 November 2023

SISP Order dated August 23, 2023

Stalking horse

7-Eleven

Twentieth Report of the Monitor dated July 31 2026

PurchaserPriceStatusSource
Karimi Holdings Ltd.Loudon Bros' right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 22 Oct 2023SubscribersClosed17 Nov 2023Monitor's Closing Certificate dated November…
7-Eleven Canada, Inc.Stalking horsethe Purchased Assets · asset sale · agreement 7 Nov 2023SubscribersClosed19 Nov 2023Twentieth Report of the Monitor dated July 31…
Spruce Lands LPSpruce Corp.'s right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: Spruce Lands Limited Partnership, as assignee of Western Securities Limited · agreement 14 Mar 2024SealedClosed27 May 2024Second Report of the Receiver dated June 17,…
7-Eleven Canada, Inc.the interests and obligations of W&C under the Lease · real propertySubscribersClosed15 Jul 2024Monitor's Transaction Certificate dated July…
7-Eleven Canada, Inc.W&C, CMI and Loudon's right, title and interest in and to the assets described in the Equipment Purchase Agreement (the ' Purchased Assets ') · asset sale · agreement 28 May 2024SubscribersApproved29 May 2024Assignment Approval and Vesting Order re…
Cedric Doerksen and Maria Doerksenthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 3 Jun 2024SealedApproved26 Jun 2024Application re Sale Approval and Sealing Order…
Cedric Doerksen, Maria Doerksenthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 3 Jun 2024not statedApproved26 Jun 2024Sale Approval and Vesting Order dated June 26,…
7Eleven Distribution Canada Corp.the assets described in the Sale Agreement (the 'Purchased Property') · asset sale · agreement 7 Feb 2025not statedClosed17 Mar 2025Monitor's Closing Certificate filed March 18,…
Spruce It Up Garden Centre Inc.the Spruce It Up Shares · share sale · agreement 14 Apr 2025SubscribersClosed29 Apr 2025Monitor's Certificate dated Apil 29, 2025
the Purchaser under the Receivership APS, referred to only as 'the Purchaser'772 Owned Real Property and 772's interest in the 772 Leased Real Property · real propertySubscribersApprovedoutside 4 Dec 2023Seventeenth Report of the Monitor filed August…
7-Eleven Distribution Canada Corp.Related partythe Purchased Assets owned by Wallace & Carey · asset sale · agreement 21 Nov 2024SubscribersClosedTwentieth Report of the Monitor dated July 31…
AdvisorsAlvarez & Marsal Canada Securities ULC (financial advisor); Royal LePage Lannon Realty (listing broker); Re/Max House of Real Estate (listing broker); Cushman & Wakefield (listing broker); McDougall Auctioneers Ltd. (auctioneer)Supplement to the Thirteenth Report of the Monitor dated November 22,…
Closing termsVesting occurs upon delivery of a Monitor's Closing Certificate confirming payment and satisfaction of closing conditions.Approval and Vesting Order dated April 24, 2025
Sealed materialsConfidential Exhibit '1' to the Carey Affidavit; Confidential Exhibit appended to the Sixth Report of the Monitor; Confidential Appendix '1' to the Second Report; Confidential Appendix '1' to the Sixteenth ReportCourt Order Confirming Sale and Vesting Title dated November 3, 2023
RecoveriesAs stated in the filings

Crown deemed trusts: shortfall. Provinces and Territories short · 772921 Alberta Inc. paid in full · Tobacco Tax Authorities a distribution.EstimatedSixteenth Report of the Monitor · 17 Apr 2025

ClassCreditorClaimsRecoveryBasisSource
Deemed trustTobacco Tax Charge—shortfallEstimatedper the monitorSixteenth Report of the Monitor · 17 Apr 2025
Deemed trustProvinces and Territories—short by Estimatedper the monitorTwentieth Report of the Monitor · 31 Jul 2026
SecuredTobacco Tax Charge—shortfallEstimatedper the monitorFifteenth Report of the Monitor filed February 13, 2025 · 13 Feb 2025
Secured772 Mortgage Balance772921 Alberta Inc.—paid in fullper the receiverThird Report of the Receiver · 13 Aug 2024
Equityshareholders of Lydian International—no distribution—Brief of Law re Approval and Vesting Order Releases · 13 Nov 2023
class not placedTobacco Tax AuthoritiesTobacco Tax Authorities—interimper the monitorApplication re Approval of Interim Distribution and Monitor's Activities · 18 Nov 2024

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

3 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

15 engagements · 3 firms — latest: AlixPartners Restructuring, Inc., 1 Jan – 30 Jun 2026Twentieth Report of the Monitor · 31 Jul 2026

FirmPeriodHoursFeesRatesSource
AlixPartners Restructuring, Inc.Monitor1 Jan – 30 Jun 2026—Twentieth Report of the Monitor · 31 Jul 2026
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 9 of 91 Jan – 30 Jun 2026—Twentieth Report of the Monitor · 31 Jul 2026
Cassels Brock & Blackwell LLPCounsel to the monitorperiod 8 of 91 Aug – 31 Oct 2024—not statedThirteenth Report of the Monitor · 18 Nov 2024
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 7 of 91 Apr – 31 Jul 2024—not statedThird Report of the Receiver · 13 Aug 2024
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 6 of 921 Nov 2023 – 31 Mar 2024Fee Affidavit of Natalie Thompson sworn April 8, 2024 · 8 Apr 2024
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 5 of 9to 29 Feb 2024courtesy discount6 peopleFee Affidavit of Natalie Thompson sworn April 8, 2024 · 8 Apr 2024
6 people — Cassels Brock & Blackwell LLP, to 29 Feb 2024 · 18 blurred figures
NameTitleHoursRateFees
Jeffrey OliverPartner
Derek R. ElliottPartner
Danielle MarechalPartner
Viviana RahalAssociate
Krystina NormanLaw Clerk / Paralegal
Jake FarrowLaw Student
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 2 of 91 Nov – 31 Dec 2023—Eighth Report of the Monitor · 29 Jan 2024
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 1 of 929 May – 5 Nov 2023—Seventh Report of the Monitor · 22 Nov 2023
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 2 of 9—6 peopleFee Affidavit of Natalie Thompson sworn April 8, 2024 · 8 Apr 2024
6 people — Cassels Brock & Blackwell LLP · 18 blurred figures
NameTitleHoursRateFees
Jane DietrichPartner
Jeffrey OliverPartner
Derek R. ElliottPartner
Kara N. DavisAssociate
Chelsey MackanLaw Clerk/Paralegal
Anita ImLaw Clerk / Paralegal
Cassels Brock & Blackwell LLPCounsel to the receiverperiod 2 of 9—courtesy discount5 peopleFee Affidavit of Natalie Thompson sworn April 8, 2024 · 8 Apr 2024
5 people — Cassels Brock & Blackwell LLP · 15 blurred figures
NameTitleHoursRateFees
Jane DietrichPartner
Jeffrey OliverPartner
Kara N. DavisAssociate
Natalie ThompsonAssociate
Anita ImLaw Clerk / Paralegal
KSV Restructuring Inc.Monitorperiod 5 of 51 Aug – 31 Oct 2024—not statedThirteenth Report of the Monitor · 18 Nov 2024
KSV Restructuring Inc.Monitorperiod 4 of 51 Apr – 31 Jul 2024—not statedThird Report of the Receiver · 13 Aug 2024
KSV Restructuring Inc.Receiverperiod 2 of 517 Nov 2023 – 31 Mar 2024—3 peopleFee Affidavit Jason Knight sworn April 10, 2024 · 10 Apr 2024
3 people — KSV Restructuring Inc., 17 Nov 2023 – 31 Mar 2024 · 12 blurred figures
NameTitleHoursRateFees
Maha Shah—
Robert Kofman—
Jason Knight—
Other staff and administrative—
KSV Restructuring Inc.Monitorperiod 1 of 51 Nov – 31 Dec 2023—Eighth Report of the Monitor · 29 Jan 2024
KSV Restructuring Inc.Receiverperiod 1 of 5the Monitor's Fee Period——Twelfth Report of the Monitor · 13 Aug 2024

92 blurred figures above

What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.

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Documents
148 filings
DateDocumentFile
Stay Extension Order dated August 12, 2026
  • Order date 12 August 2026
  • Presiding officer Justice Mah
  • Stay extended to 12 February 2027
PDF · Subscribers
Application re Stay Extension filed July 31, 2026
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Service List as at July 31, 2026
  • Counsel Blake, Cassels & Graydon LLP
PDF · Subscribers
Twentieth Report of the Monitor dated July 31 2026
  • Closing confirmed Closed · 19 Nov 2023 · 7-Eleven Canada, Inc.
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 5 Oct 2023
  • Fee schedule · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Adjournment Order filed March 6, 2026
  • Presiding officer Justice Marion
PDF · Subscribers
Supplement to the Nineteenth Report of the Monitor dated February 16, 2026
PDF · Subscribers
Order (Adjournment and Litigation Schedule) dated February 5, 2026
  • Presiding officer Justice Marion
PDF · Subscribers
Stay Extension Order dated February 5, 2026
  • Presiding officer Justice Marion
PDF · Subscribers
Book of Authorities of the Monitor dated February 4, 2026PDF · Subscribers
Affidavit of Jennifer Allen affirmed February 2, 2026PDF · Subscribers
Nineteenth Report of the Monitor dated January 26, 2026PDF · Subscribers
Lift Stay Order (DigiFlex) dated December 15, 2025
  • Presiding officer Justice Hollins
PDF · Subscribers
Reasons for Decision of Justice M.A. Marion dated December 15, 2025
  • Presiding officer Justice M.A. Marion
PDF · Subscribers
Responding Brief of Digiflex Information Systems Inc. filed November 26, 2025PDF · Subscribers
Affidavit No. 2 of Jennifer Allen affirmed November 25, 2025PDF · Subscribers
Bench Brief of 7-Eleven Canada, Inc. and 7-Eleven Distribution Canada Corporation filed November 21, 2025PDF · Subscribers
Book of Authorities of 7-Eleven Canada, Inc. and 7-Eleven Distribution Canada Corporation filed November 21, 2025PDF · Subscribers
Application of the Monitor dated November 20, 2025PDF · Subscribers
Eighteenth Report of the Monitor dated November 20, 2025PDF · Subscribers
Brief of DigiFlex Information Systems Inc. filed November 17, 2025PDF · Subscribers
Service List dated November 17, 2025
  • Counsel Weaver Simmons LLP
PDF · Subscribers
Affidavit of Mohamad Z. Mardukhi affirmed November 14, 2025PDF · Subscribers
Affidavit of Jennifer Allen affirmed November 12, 2025PDF · Subscribers
Order (Stay Extension and Third TSA Amendment) dated September 19, 2025
  • Presiding officer Justice C. Feasby
PDF · Subscribers
Written Reply Submission of Digiflex Information Systems Inc. dated September 16, 2025PDF · Subscribers
Written Reply Submission of DigiFlex Information Systems Inc. dated September 12, 2025PDF · Subscribers
Second Supplement to Seventeenth Report of the Monitor dated September 11, 2025PDF · Subscribers
Order (Monitor's Enhanced Powers) dated August 26, 2025
  • Presiding officer Justice C. D. Simard
PDF · Subscribers
Supplement to the Seventeenth Report of the Monitor dated August 21, 2025PDF · Subscribers
Order Approving Monitor's Activities dated August 20, 2025
  • Presiding officer Justice M. Marion
PDF · Subscribers
Stay Extension Order dated August 18, 2025
  • Presiding officer Justice M. A. Marion
PDF · Subscribers
Application returnable August 18, 2025PDF · Subscribers
Letter to Justice Marion, dated August 14, 2025
  • Presiding officer How: operator-correction · Why: letter_to_the_judge · Corrects: presiding · Rejected: Judge: M. A. Marion · Judge party id: 22408e5d-9adb-4066-bc10-e8d3ced22e49
PDF · Subscribers
Notice of Application filed August 13, 2025PDF · Subscribers
Seventeenth Report of the Monitor filed August 13, 2025
  • Closing confirmed Closed · date not stated · 7-Eleven Canada, Inc.; Closed · date not stated · 7-Eleven Distribution Canada Corporation
  • Process results 190 solicited · 47 NDAs · 4 LOIs
  • Purchaser 7-Eleven Canada, Inc. · certain personal property forming part of the Western Business, 7-Eleven designated inventory, and validated accounts receivable · asset sale · closed; 7-Eleven Distribution Canada Corporation · certain additional assets of Wallace & Carey, including accounts receivable, inventory, and certain equipment, furniture, and fixtures located at warehouses in Saskatchewan and Manitoba · asset sale · closed; the Purchaser under the Receivership APS, referred to only as 'the Purchaser' · 772 Owned Real Property and 772's interest in the 772 Leased Real Property · real property · approved
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • + 2 more extracted facts
PDF · Subscribers
Monitor's Certificate dated Apil 29, 2025
  • Closing confirmed Closed · 29 Apr 2025
PDF · Subscribers
Approval and Vesting Order dated April 24, 2025
  • Closing terms Vesting occurs upon delivery of a Monitor's Closing Certificate confirming payment and satisfaction of closing conditions.
  • Order date 24 April 2025
  • Presiding officer Justice B. B. Johnston
  • Purchaser Spruce It Up Garden Centre Inc. · the Spruce It Up Shares · share sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sealing Order dated April 24, 2025
  • Presiding officer Justice B. B. Johnston
PDF · Subscribers
Bench Brief and Book of Authorities of the Applicant dated April 22, 2025PDF · Subscribers
Sixteenth Report of the Monitor dated April 17, 2025
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 8 Nov 2023
  • Purchaser Spruce It Up Garden Centre Inc. · 160,808 common shares of Spruce It Up Garden Centre Inc. representing a 22.503% equity interest · share sale · proposed; 7-Eleven Canada, Inc. · certain of the Applicants' personal property, information technology and intellectual property assets used in the Wallace & Carey business in British Columbia and Alberta (the Western Business), 7-Eleven designated inventory, and accounts receivable · asset sale · approved; 7-Eleven Canada, Inc. · 772 Owned Real Property and 772's interest in the 772 Leased Real Property · real property · approved
  • Recovery outcome Entries: per estimated · Table missing:
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • + 1 more extracted fact
PDF · Subscribers
Consent Order re Adjournment filed April 15, 2025PDF · Subscribers
Application Returnable April 24, 2025PDF · Subscribers
Monitor's Closing Certificate filed March 18, 2025
  • Closing confirmed Closed · 17 Mar 2025 · 7-Eleven Distribution Canada Corp.
PDF · Subscribers
Approval and Vesting Order dated February 21, 2025
  • Closing terms vesting effective upon delivery of Monitor's Closing Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions, and completion of the Transaction
  • Order date 21 February 2025
  • Presiding officer Justice M. J. Lema
  • Purchaser 7Eleven Distribution Canada Corp. · the assets described in the Sale Agreement (the 'Purchased Property') · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Stay Extension Order dated February 21, 2025
  • Counsel Cassels, Brock, & Blackwell LLP
  • Presiding officer Justice M. J. Lema
PDF · Subscribers
Fifteenth Report of the Monitor filed February 13, 2025
  • Closing confirmed Closed · 19 Nov 2023 · 7-Eleven Canada, Inc.
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 5 Oct 2023
  • Purchaser 7-Eleven Distribution Canada Corp. · the Purchased Property (as defined in the APA) · asset sale · proposed; 7-Eleven Canada, Inc. · certain of the Applicants' personal property, information technology and intellectual property assets used in the Wallace & Carey business in British Columbia and Alberta (the ' Western Business ') · asset sale · closed; 7-Eleven Distribution Canada Corp. · the 772 Owned Real Property and 772's interest in the 772 Leased Real Property · real property · closed
  • Recovery outcome Entries: per estimated · Table missing:
  • + 3 more extracted facts
PDF · Subscribers
Consent Order dated December 17, 2024
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Neilson
PDF · Subscribers
Application re DigiFlex dated December 13, 2024PDF · Subscribers
Bench Brief dated December 13, 2024PDF · Subscribers
Bench Brief of the Monitor dated December 13, 2024PDF · Subscribers
Book of Authorities dated December 13, 2024PDF · Subscribers
Book of Authorities of the Monitor dated December 13, 2024PDF · Subscribers
Fourteenth Report of the Monitor dated December 13, 2024
  • Closing confirmed Closed · 19 Nov 2023 · 7-Eleven Canada, Inc.
  • Purchaser 7-Eleven Canada, Inc. · certain of the Companies' property, assets and undertakings to 7-Eleven, primarily fixed assets and real property · asset sale · closed
  • Sale outcome Sale closed — sale to 7-Eleven approved and closed; TSA ongoing
  • Stalking horse Subscribers
PDF · Subscribers
Scheduling Order dated December 3, 2024
  • Presiding officer Justice R. W. Armstrong
PDF · Subscribers
Order Approving Interim Distribution, Monitor's Activities, and Fees dated November 27, 2024
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Approval and Vesting Order (Vehicles) dated November 25, 2024
  • Closing terms Vesting occurs upon delivery of Monitor's Closing Certificate confirming payment and satisfaction of closing conditions
  • Order date 25 November 2024
  • Presiding officer Justice B. E. C. Romaine
  • Stalking horse Subscribers
PDF · Subscribers
Stay Extension Order dated November 25, 2024
  • Presiding officer Justice B. E. C. Romaine
PDF · Subscribers
Supplement to the Thirteenth Report of the Monitor dated November 22, 2024
  • Purchaser 7-Eleven Distribution Canada Corp. · the Purchased Assets owned by Wallace & Carey · asset sale · proposed
  • Sale advisor McDougall Auctioneers Ltd. (auctioneer)
  • Sale outcome Approval pending — summarize the proposed sale (the 'Asset Transaction') of the Purchased Assets
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Patrick Carey sworn November 19, 2024PDF · Subscribers
Brief of Law dated November 19, 2024PDF · Subscribers
Application re Approval of Interim Distribution and Monitor's Activities dated November 18, 2024
  • Recovery outcome Entries: per unstated · Stated on: 2024-11-18 · Table missing:
PDF · Subscribers
Thirteenth Report of the Monitor dated November 18, 2024
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2024-11-18 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Notice to Creditors dated August 29, 2024PDF · Subscribers
Court Order Approving Claims Procedure filed August 27, 2024
  • Presiding officer Justice C.D. Simard
PDF · Subscribers
Court Order Approving Disbursements and Activites filed August 26, 2024
  • Presiding officer Justice C.D. Simard
PDF · Subscribers
Application re Claims Procedure Approval of Fees filed August 14, 2024
  • Presiding officer Justice C.D. Simard
PDF · Subscribers
Third Report of the Receiver dated August 13, 2024
  • Recovery outcome Entries: per unstated; per estimated · Stated on: 2024-08-13 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Twelfth Report of the Monitor dated August 13, 2024
PDF · Subscribers
Court Order dated August 8, 2024
  • Presiding officer Justice D. B. Nixon
PDF · Subscribers
Eleventh Report of the Monitor dated July 30, 2024
  • Closing confirmed Closed · 19 Nov 2023 · 7-Eleven Canada, Inc.
  • Process results 190 solicited · 47 NDAs · 4 LOIs
  • Purchaser 7-Eleven Canada, Inc. · certain personal property forming part of the Western Business, 7-Eleven designated inventory, and validated accounts receivable · asset sale · closed; 7-Eleven Canada, Inc. · 772 Owned Real Property and 772's interest in the 772 Leased Real Property · real property · closed
  • Fee schedule Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Notice of Application filed July 29, 2024PDF · Subscribers
Monitor's Transaction Certificate dated July 16, 2024
  • Closing confirmed Closed · 15 Jul 2024 · 7-Eleven
PDF · Subscribers
Receiver's Certificate filed July 9, 2024PDF · Subscribers
Sale Approval and Vesting Order dated June 26, 2024
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of Purchase Price and satisfaction of closing conditions
  • Order date 26 June 2024
  • Presiding officer Justice B.E.C. Romaine
  • Purchaser Cedric Doerksen, Maria Doerksen · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sealing Order dated June 26, 2024
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Application re Sale Approval and Sealing Order dated June 17, 2024
  • Closing terms Closing Date is the later of seven Business Days following issuance of the SAVO and final determination of any appeals, or as otherwise agreed, conditional on granting of the SAVO
  • Order date 26 June 2024
  • Purchaser Cedric Doerksen and Maria Doerksen · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · approved
  • Sale advisor Re/Max House of Real Estate (listing broker)
  • + 3 more extracted facts
PDF · Subscribers
Second Report of the Receiver dated June 17, 2024
  • Closing confirmed Closed · date not stated · 7-Eleven Canada, Inc.; Closed · 27 May 2024 · Spruce Lands Limited Partnership
  • Purchaser 7-Eleven Canada, Inc. · the 772 Owned Real Property and the 772 Leased Real Property · real property · closed; Spruce Lands Limited Partnership · nominee/assignee Spruce Lands Limited Partnership, as assignee of Western Securities Limited · the SIU Purchased Assets · real property · closed; Cedric Doerksen, and Maria Doerksen · the Purchased Assets (as defined in the Ridge Meadows Property APS) · real property · proposed
  • Stalking horse Subscribers
PDF · Subscribers
Service List dated June 17, 2024
  • Counsel Ingenuity LLP
PDF · Subscribers
Receiver's Closing Certificate dated June 3, 2024
  • Closing confirmed Closed · 27 May 2024
PDF · Subscribers
Service List as at June
  • Counsel Parlee McLaws LLP
PDF · Subscribers
Affidavit of Angeline Gagnon dated May 29, 2024PDF · Subscribers
Assignment Approval and Vesting Order re Oakville dated May 29, 2024
  • Closing terms Vesting effective upon delivery of Monitor's Certificates
  • Order date 29 May 2024
  • Presiding officer Justice R. A. Neufeld
  • Purchaser 7-Eleven Canada, Inc. · the interests and obligations of W&C under the Lease · real property · approved; 7-Eleven Canada, Inc. · W&C, CMI and Loudon's right, title and interest in and to the assets described in the Equipment Purchase Agreement (the ' Purchased Assets ') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Stay Extension Order dated May 29, 2024
  • Presiding officer Justice R. A. Neufeld
PDF · Subscribers
Tenth Report of the Monitor filed May 24, 2024
  • Closing confirmed Closed · 19 Nov 2023 · 7-Eleven
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 5 Oct 2023
  • Purchaser 7-Eleven Canada, Inc. · certain of the Applicants' property, assets, and undertakings · asset sale · closed; 7-Eleven Canada, Inc. · 772 Owned Real Property and 772 Leased Real Property · real property · closed; 7-Eleven · the assignment to 7-Eleven of the Oakville Lease and the Purchased Assets (Oakville Warehouse transactions) · asset sale · proposed
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • + 2 more extracted facts
PDF · Subscribers
Affidavit No. 4 of P. Carey sworn May 21, 204PDF · Subscribers
Application of Wallace & Carey Inc. dated May 21, 2024PDF · Subscribers
Order Approving Fees, Conduct, and Restricted Access filed May 15, 2024
  • Presiding officer Justice Johnston
PDF · Subscribers
Sale Approval and Vesting Order filed May 15, 2024
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 7 conditions, and completion of the Transaction.
  • Order date 15 May 2024
  • Presiding officer Justice Johnston
  • Purchaser Spruce Lands LP · nominee/assignee Spruce Lands GP Ltd. · Spruce Corp.'s right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Affidavit of Angeline Gagnon sworn May 6, 2024PDF · Subscribers
Supplement to the First Report of the Receiver dated April 16, 2024
  • Closing confirmed Closed · date not stated · 7-Eleven Canada, Inc.
  • Process results 1490 solicited · 26 NDAs · 5 bids · as of 29 Feb 2024
  • Purchaser Spruce Lands Limited Partnership · nominee/assignee Spruce Lands Limited Partnership, as assignee of Western Securities Limited · substantially all of SIU's right, title, and interest in its property and assets including: the SIU Property; the SIU Lease; the Project Rights and Documents...; and all of the building(s) and improvements erected on the SIU Property · asset sale · proposed; 7-Eleven Canada, Inc. · the 772 Owned Real Property and the 772 Leased Real Property · real property · closed
  • Sale advisor Re/Max House of Real Estate (listing broker); Cushman & Wakefield ULC (listing broker)
  • + 2 more extracted facts
PDF · Subscribers
Fee Affidavit Jason Knight sworn April 10, 2024
PDF · Subscribers
Application of the Receiver dated April 8, 2024PDF · Subscribers
Fee Affidavit of Natalie Thompson sworn April 8, 2024
PDF · Subscribers
First Report of the Receiver dated April 8, 2024PDF · Subscribers
Application Record returnable February 23, 2024PDF · Subscribers
Court Order dated February 23, 2024
  • Presiding officer Justice M. H. Hollins
PDF · Subscribers
Ninth Report of the Monitor dated February 15, 2024PDF · Subscribers
Court Order dated February 8, 2024
  • Presiding officer Justice B.B. Johnston
PDF · Subscribers
Scheduling Order dated February 8, 2024
  • Presiding officer Justice B.B. Johnston
PDF · Subscribers
Eighth Report of the Monitor dated January 29, 2024
PDF · Subscribers
Memorandum of Argument of A&M Enterprise Ltd. returnable December 13, 2023PDF · Subscribers
Application Record returnable November 29, 2023PDF · Subscribers
Court Order dated November 29, 2023
  • Presiding officer Justice M. H. Hollins
PDF · Subscribers
Receiver's Certificate dated November 23, 2023
  • Closing confirmed Closed · 21 Nov 2023 · 7-Eleven Canada Inc.
PDF · Subscribers
Seventh Report of the Monitor dated November 22, 2023
  • Purchaser 7-Eleven Canada, Inc. (stalking horse) · certain of the Applicants' property, assets and undertaking · asset sale · approved; 7-Eleven Canada, Inc. · the 772 Owned Real Property and 772's interest in the 772 Leased Real Property · real property · approved
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Sale approved — The Transaction with 7-Eleven was approved by the Court on November 17, 2023
  • Fee schedule Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Monitor's Certificate dated November 21, 2023
  • Closing confirmed Closed · 21 Nov 2023 · 7-Eleven Canada, Inc.
PDF · Subscribers
Monitor's Certificate re Effect of Receivership Order dated November 21, 2023PDF · Subscribers
Application Record returnable November 17, 2023PDF · Subscribers
Approval and Vesting Order dated November 17, 2023
  • Closing terms Vesting of Purchased Assets and Assigned Contracts to the Purchaser occurs upon delivery of the Monitor's Closing Certificate; interim distribution of proceeds authorized upon delivery of the certificate.
  • Purchaser 7-Eleven Canada, Inc. · the Purchased Assets · asset sale · approved
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Sale approved — The Sale Agreement and Transaction are hereby approved
  • + 2 more extracted facts
PDF · Subscribers
Monitor's Closing Certificate dated November 17, 2023
  • Closing confirmed Closed · 17 Nov 2023 · Karimi Holdings Ltd.
PDF · Subscribers
Receivership Order dated November 17, 2023
  • Appointee KSV Restructuring Inc.
  • Appointee role Receiver
  • Statutory basis section 243(1) of the Bankruptcy and Insolvency Act
PDF · Subscribers
First Supplement to Sixth Report of the Monitor dated November 16, 2023PDF · Subscribers
Affidavit of Irv Teper Sworn November 15, 2023PDF · Subscribers
Affidavit of Katie Parent sworn November 15, 2023PDF · Subscribers
Brief of Law re Approval and Vesting Order Releases dated November 13, 2023
  • Recovery outcome Entries: per liquidation_alternative; per plan; per unstated · Table missing:
PDF · Subscribers
Joint Brief of Law dated November 13, 2023PDF · Subscribers
Court Order dated November 9, 2023
  • Counsel Cassels, Brock, & Blackwell LLP
  • Presiding officer Justice E.J. Sidnell
PDF · Subscribers
Affidavit of Geoffrey Golding sworn November 8, 2023PDF · Subscribers
Report of the Proposed Receiver dated November 8, 2023
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 8 Nov 2023
  • Purchaser 7-Eleven Canada, Inc. · the purchase of certain of the Applicants' personal property, information technology and intellectual property assets used in the Wallace & Carey business in British Columbia and Alberta (the ' Western Business ') · asset sale · proposed; 7-Eleven Canada, Inc. · a sale by the Receiver to the Purchaser immediately following its appointment of the real property owned by 772, as set out in an agreement of purchase and sale between the Purchaser and the Receiver (the ' Receivership APS ') · real property · proposed
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Approval pending — Transaction with 7-Eleven pending Court approval
  • + 1 more extracted fact
PDF · Subscribers
Sixth Report of the Monitor dated November 8, 2023
  • Process results 190 solicited · 47 NDAs · 4 LOIs · as of 8 Nov 2023
  • Purchaser 7-Eleven Canada, Inc. · the purchase of certain of the Applicants' personal property, information technology and intellectual property assets used in the Wallace & Carey business in British Columbia and Alberta (the ' Western Business ') · asset sale · proposed; 7-Eleven Canada, Inc. · the sale of the 772 Owned Real Property to the Purchaser, and the assignment of the 772 Leased Real Property to the Purchaser · real property · proposed
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Approval pending — the Transaction between the Applicants and 7-Eleven that is intended to maximize recoveries to stakeholders
  • + 1 more extracted fact
PDF · Subscribers
Affidavit No. 3 of E. Rolheiser sworn November 7, 2023PDF · Subscribers
Application returnable November 3, 2023PDF · Subscribers
Court Order Confirming Sale and Vesting Title dated November 3, 2023
  • Closing terms Vesting occurs upon delivery of the Monitor's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions
  • Order date 3 November 2023
  • Presiding officer Justice D. Mah
  • Purchaser Karimi Holdings Ltd. · Loudon Bros' right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · approved
  • + 3 more extracted facts
PDF · Subscribers
Fifth Report of the Monitor dated October 30, 2023
  • Process results 3 bids · as of 11 Oct 2023
  • Purchaser Karimi Holdings Ltd. · the Real Property, including any chattels and fixtures thereto · real property · proposed
  • Sale advisor Royal LePage Lannon Realty (listing broker)
  • Sale outcome Approval pending — Proposed transaction pending Court approval via an approval and vesting order
  • + 1 more extracted fact
PDF · Subscribers
Supplement to the Fourth Report of the Monitor dated October 6, 2023PDF · Subscribers
Application returnable September 26, 2023PDF · Subscribers
Fourth Report of the Monitor dated September 19, 2023
  • Process results 189 solicited · 45 NDAs · as of 18 Sep 2023
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Liquidation in progress — Progress has been made in the SISP, which is advancing quickly.
  • Stalking horse Subscribers
PDF · Subscribers
SISP Notice dated August 25 2023
PDF · Subscribers
Application re SISP and Ancillary Order returnable August 23 2023
  • Presiding officer Justice Hollins
PDF · Subscribers
Order dated August 23, 2023
  • Presiding officer Justice Hollins
PDF · Subscribers
SISP Order dated August 23, 2023
  • Bid deadline 2 November 2023
  • Order date 23 August 2023
  • Outside date 4 December 2023
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of E. Rolheiser sworn on August 21, 2023PDF · Subscribers
Third Report of the Monitor dated August 21, 2023
  • Sale advisor Alvarez & Marsal Canada Securities ULC (financial advisor)
  • Sale outcome Sale process approved — The Applicants are seeking approval of the SISP to solicit interest in a restructuring or sale of the Business/Property as a going concern.
  • Stalking horse Subscribers
PDF · Subscribers
Supplement to Second Report of the Monitor dated August 11, 2023PDF · Subscribers
Second Report of the Monitor dated August 9, 2023PDF · Subscribers
Amended and Restated Initial Order dated June 30, 2023
  • Presiding officer Justice M.E. Burns
PDF · Subscribers
Comeback Application of the Applicants returnable June 30, 2023PDF · Subscribers
Court Order dated June 30, 2023
  • Presiding officer Justice M.E. Burns
PDF · Subscribers
CCAA Notice to Creditors dated June 28, 2023PDF · Subscribers
First Report of the Monitor dated June 28, 2023PDF · Subscribers
Affidavit No. 2 of B.M. Birnie sworn on June 27, 2023PDF · Subscribers
Bench Brief of Law of the Applicants returnable June 30, 2023PDF · Subscribers
Bench Brief of the Applicants returnable June 22, 2023PDF · Subscribers
CCAA Initial Order dated June 22, 2023
  • Applicant Wallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.
  • Appointee KSV Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 22 June 2023
  • + 4 more extracted facts
PDF · Subscribers
List of Creditors as at June 22, 2023
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Originating Application returnable June 22, 2023PDF · Subscribers
Pre-Filing Report of the Proposed Monitor dated June 22, 2023PDF · Subscribers
Affidavit of B.M. Birnie sworn June 21, 2023PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Wallace & Carey Inc., Loudon Bros Limited, and Carey Management Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/wallace-carey-inc-loudon-bros-limited-and-carey-management-inc

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Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/wallace-carey-inc-loudon-bros-limited-and-carey-management-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.