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What we verified from this filing5 verified
- secured creditorsnote: Deemed-trust excise tax claim under the Excise Act, 2001. CRA Demand letter dated March 4, 2026 (received March 25, 2026) demanded immediate repayment within 14 days; failure could result in garnishment of bank accounts/seizure of assets. As at April 14, 2026, the outstanding excise tax owing by 199 to CRA is stated as approximately $7,621,000 (prose approximation, more current but not a dated demand balance). CRA had previously issued Requirements to Pay in January 2025 (199's bank institution $334,432.43; AGLC re arrears ~$5,490,000), subsequently satisfied via a payment of $2,123,419 plus garnishment. · page: 5 · as of: 2026-03-04 · amount: 5732843 · debtor: 1998643 Alberta Ltd. (199) · creditor: Canada Revenue Agency (CRA) · currency: CAD
- financial positionnote: Assets table (Total Assets $24,322,362) appears on original page 19; Liabilities table (Total liabilities $19,250,525) spans original pages 21-22. · page: 22 · as at: 2026-01-31 · basis: book value, per the CanadaBis Group's unreleased/unaudited Internal Financial Statements as at January 31, 2026; affiant notes book value of assets (particularly inventory) likely does not reflect realizable value in a liquidation or distressed sale scenario · scope: Applicants (CanadaBis Capital Inc., Stigma Pharmaceuticals Inc., 1998643 Alberta Ltd., 2103157 Alberta Ltd., Full Spectrum Labs Ltd.) - aggregate/consolidated basis · currency: CAD · total assets: 24322362 · total liabilities: 19250525
- secured creditorsnote: CanadaBis has been in default of the 1.40:1 debt service coverage ratio covenant since July 31, 2025; Connect First granted a waiver of this default until July 31, 2026 (Nov 12, 2025 waiver). Commercial Mortgage matures July 2026; monthly P&I payment $60,490. · page: 24 · as of: 2026-04-14 · amount: 3592324 · debtor: CanadaBis Capital Inc. (borrower); guaranteed by 199, 210, Full Spectrum Labs Ltd., Stigma Pharmaceuticals Inc. and Goldstream Cannabis Inc. · creditor: Connect First Credit Union Ltd. · currency: CAD · security: Commercial Mortgage (facility limit $8,850,000, part of $9,600,000 Credit Facility) secured by: Facility Mortgage and Facility Rent Assignment over the Facility (owned by 199) and 199 GSA; CanadaBis GSA (all present/after-acquired personal property, registered AB/BC/SK/ON); unlimited guarantees and postponements from 199, 210, Full Spectrum, Stigma Pharmaceuticals and Goldstream, each secured by site/entity-specific GSAs (199 GSA, 210 GSA/Leva Mortgage/Leva Rents Assignment, Full Spectrum GSA, Stigma Pharmaceuticals GSA, Goldstream GSA); also secured by assignment/postponement to Connect First of related-party debt owed by CanadaBis: $990,000 principal owed to 220 (220 Debt Assignment) and $650,000 principal owed to Runway Developments Inc. (Runway Debt Assignment)
- secured creditorsnote: Demand line of credit; same secured facility as Commercial Mortgage · page: 24 · as of: 2026-04-14 · amount: 631587 · debtor: CanadaBis Capital Inc. (borrower); guaranteed by 199, 210, Full Spectrum Labs Ltd., Stigma Pharmaceuticals Inc. and Goldstream Cannabis Inc. · creditor: Connect First Credit Union Ltd. · currency: CAD · security: Line of Credit (facility limit $750,000, part of $9,600,000 Credit Facility), secured by same security package as Commercial Mortgage entry (CanadaBis GSA, guarantees and GSAs/mortgages of 199, 210, Full Spectrum, Stigma Pharmaceuticals and Goldstream, plus 220 and Runway debt assignments)
- secured creditorsnote: Related party: Runway is owned by a shareholder of CanadaBis. Loan Agreement dated May 10, 2025, principal $650,000, interest 7% per annum, payable on demand at Runway's option. · page: 26 · as of: 2026-04-14 · amount: 651769 · debtor: 1998643 Alberta Ltd. (199) · creditor: Runway Developments Inc. ("Runway") · currency: CAD · security: Mortgage over the Facility (registered against the Facility in the Alberta Land Titles Registry on March 13, 2026; registration still pending as at April 14, 2026) and promissory note in the principal amount of $650,000 (the "Runway Debt Documents")