Ontario · Receivership (court-appointed)
Final Report of the Receiver
Court officer report · 23 April 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing11 verified
- cash on handnote: Net receipts and disbursements after distributions are nil (shown as '-'), i.e. no funds remain after distribution of $5,455,224 to Farm Credit Canada. · as at: 2026-04-22 · amount: 0 · currency: CAD
- closing confirmedscope: the Zealandia Lands · outcome: completed · effective: 2024-11-29 · date basis: stated · approval order date: 2024-11-12; scope: the Leasehold Lands · outcome: completed · effective: 2025-01-30 · date basis: stated · approval order date: 2024-11-12; scope: the Vigro Lands · outcome: completed · effective: 2025-03-07 · date basis: stated · approval order date: 2025-02-04
- disbursementsnote: Includes professional fees of $1,216,429 and operating costs of $543,160, plus sales taxes of $21,777; excludes distributions of $5,455,224 to Farm Credit Canada. · since: May 30, 2024 (Appointment Date) · amount: 1781366 · currency: CAD
- financial positionnote: Document states "The Debtors no longer have any assets and the administration of the Receivership proceedings is now complete." No total liabilities stated. · basis: Receiver's final report; no balance sheet or statement of affairs presented · scope: Global Food and Ingredients Inc. and GFI Brands Inc. (the Debtors), FCC Secured Property under receivership · currency: CAD
- operational summaryGlobal Food Canada began an orderly wind-down and liquidation in March 2024; the FCC Secured Property was sold across three court-approved real property transactions, the Debtors no longer have any assets, and administration of the receivership is complete.
- professional feesnote: Fees as approved by the Distribution, Discharge, and Fee Approval Order dated April 23, 2025; tax treatment not stated. · party: Receiver (FTI Consulting Canada Inc.) and the Receiver's counsel · amount: 1216429 · period: May 30, 2024 to April 22, 2026 · currency: CAD
- purchaserprice: sealed: false · scope: the real property located at 100 Elevator Road, Zealandia Saskatchewan (the 'Zealandia Lands') · status: closed · name note: purchaser of the Zealandia Lands not named in this report · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the real property located at 100 South Railway Avenue, Lajord No. 128, Saskatchewan (the 'Leasehold Lands') · status: closed · name note: purchaser of the Leasehold Lands not named in this report · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the real property located at R.M. of Lajord No 128, Lajord Saskatchewan (surface parcel #111788219) (the 'Vigro Lands') · status: closed · name note: purchaser of the Vigro Lands not named in this report · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativenote: Includes sale proceeds of $6,716,400, Receiver's Certificate borrowing of $400,000, interest of $90,572 and cost reimbursements of $29,617. · since: May 30, 2024 (Appointment Date) · amount: 7236590 · currency: CAD
- report date23 April 2026
- report noFinal Report of the Receiver
- sale outcometext: All three real property sales (Zealandia Lands, Leasehold Lands, Vigro Lands) have closed; the Debtors no longer have any assets and the receivership administration is complete. · scope: parcel · status: closed