The officer filed report no. First Report. Wholly Veggie's operating assets and employees were transferred to a newly formed purchaser (NewCo) under a completed sale transaction, leaving the bankrupt estate with no assets, no employees, and only statutory administrative activities remaining.
Wholly Veggie Inc
- Proceeding
- NOIsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada)
- File
- BK-24-03115669-0031
- Industry
- Manufacturing · Food & beverage manufacturing
Wholly Veggie Inc., an Ontario company, is in active insolvency proceedings. Its list of creditors with claims of $250 and more, prepared as at the NOI filing date, records a secured claim of CAD 6,300,000 held by Windermere Investment Corp. and unsecured claims led by holders of convertible notes at CAD 8,995,765, whose addresses are listed as confidential and who are not individually named. Employee claims are listed without a stated amount. The largest trade and supplier claims include FRIAL S.A.S at CAD 374,876.80, ARDO - VLM Foods Inc. at CAD 181,685.26, Stampede Culinary Partners Inc. at CAD 147,179.70, Cantrina Freezer Warehouse Inc. at CAD 138,443.81 and Grand River Foods Ltd. at CAD 130,866.73. An intercompany loan of CAD 59,818.36 is listed as a related party claim.
A claims procedure has been established — see the order for deadlines.
The court granted an approval and vesting order for the sale to Windermere Investment Corp. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.
Motion Record of the Company (re Assignment, Approval and Vesting Order) — Application / notice of application
SISP Approval, Stay Extension, Charges Approval Order was filed.
Source: SISP Approval, Stay Extension, Charges Approval Order
Endorsement of J. Cavanagh (re SISP Approval, Stay Extension, Charges Approval Order) — Endorsement / reasons
Debtor
Wholly Veggie Inc
Proposal trustee
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Oct 2024 | 198 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Aug 2024 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteePwC | Cassels Brock & Blackwell LLP | 26 Aug 2024 | Order · 26 Aug 2024 |
| DebtorWholly Veggie Inc | Reconstruct LLP | 26 Aug 2024 | Order · 26 Aug 2024 |
| CreditorWindermere Investment Corp | Meretsky Law Firm | 2 Oct 2024 | Service list · 2 Oct 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Windermere Investment Corp.as of NOI filing date — debtor: Wholly Veggie Inc. | $6.3M | Notice of NOI with List of Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
68 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale closed — the sale transaction between Wholly Veggie and Stalking Horse Bidder closedTrustee's Report on Preliminary Administration · 11 Nov 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Windermere Investment Corp.the Vendor's right, title and interest in and to the assets described in the Stalking Horse Agreement (the ' Purchased Assets ') · asset sale · nominee/assignee: WV Healthy Foods Holdings Inc., and any successor entities · agreement 20 Aug 2024 | Subscribers | Closed15 Oct 2024 | Trustee's Report on Preliminary Administration |
Unsecured creditors: no distribution.EstimatedTrustee's Report on Preliminary Administration · 11 Nov 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Report on Preliminary Administration · 11 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.
2 engagements · 2 firms — latest: Cassels Brock & Blackwell LLP, 31 Jul – 27 Sep 2024, incl. taxSecond Report of the Proposal Trustee · 1 Oct 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cassels Brock & Blackwell LLPCounsel | 31 Jul – 27 Sep 2024 | — | Second Report of the Proposal Trustee · 1 Oct 2024 | ||
| PricewaterhouseCoopers Inc.Proposal trustee | 23 Jul – 27 Sep 2024 | — | Second Report of the Proposal Trustee · 1 Oct 2024 |
4 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Report on Preliminary Administration
| PDF · Subscribers | |
Bankruptcy Notice
| PDF · Subscribers | |
| Proof of Claim with Proxy (Bankruptcy) | PDF · Subscribers | |
Assignment, Approval and Vesting Order
| PDF · Subscribers | |
Endorsement of J Black (re Assignment, Approval and Vesting Order)
| PDF · Subscribers | |
Factum of the Company (re Assignment, Approval and Vesting Order)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Motion Record of the Company (re Assignment, Approval and Vesting Order)
| PDF · Subscribers | |
Endorsement of J. Cavanagh (re SISP Approval, Stay Extension, Charges Approval Order)
| PDF · Subscribers | |
SISP Approval, Stay Extension, Charges Approval Order
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Motion Record of the Company (re SISP)
| PDF · Subscribers | |
Notice of NOI with List of Creditors
| 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., “Wholly Veggie Inc” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/wholly-veggie-inc