Ontario · Bankruptcy

Notice of Bankruptcy, First Meeting of Creditors – dated September 5, 2024

Notice to creditors · 5 September 2024

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appointeeRichter Inc.
appointee roletrustee
commencement date29 August 2024
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Balance sheet: Unsecured creditors per List A 12,648,751.86 + Balance of secured claims per List B 5,345,131.16 = Total unsecured creditors 17,993,883.02; Secured creditors per List B 1.00 (estimated value of security on Eusi Farms' 5,345,132.16 claim); Preferred creditors per List C 328,419.72; Contingent/trust claims per List D 0.00; Total liabilities 18,322,303.74. Total assets 1.00 (Other property, List H); all other asset lines nil; Deficiency 18,322,302.74. Assignment filed 2024-08-29; SOA declared as at 2024-08-28 (as_at used). · page: 2 · as at: 2024-08-28 · basis: Form 78 Statement of Affairs (Business Bankruptcy) made by the entity, as stated and estimated by the officer, sworn by Silvia Burgin · scope: Single entity: TruHarvest Meats Inc. · currency: CAD · total assets: 1 · total liabilities: 18322303.74
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors (as per the Company's records), as stated and estimated by the officer · amount: 2631.92 · debtor: TruHarvest Meats Inc. · creditor: Ai HR Solutions Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 4661.25 · debtor: TruHarvest Meats Inc. · creditor: AIB International · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 1060.36 · debtor: TruHarvest Meats Inc. · creditor: All-Lift Ltd. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 163.85 · debtor: TruHarvest Meats Inc. · creditor: AMR Gases Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 5373.15 · debtor: TruHarvest Meats Inc. · creditor: Aqua Mobile Wash · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 532.37 · debtor: TruHarvest Meats Inc. · creditor: Bearings and Belting for Industry (2021) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 1452.52 · debtor: TruHarvest Meats Inc. · creditor: Bell Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 7929.19 · debtor: TruHarvest Meats Inc. · creditor: BERG Industrial Service · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 779.7 · debtor: TruHarvest Meats Inc. · creditor: C B STEALTH EXPRESS INC · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 4253.61 · debtor: TruHarvest Meats Inc. · creditor: Canadian Beef Grading Agency · currency: CAD
unsecured creditorsnote: Ontario Director of Employment Standards holding employee (ESA/wage) claims in trust; listed in the unsecured column · page: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 77812.45 · debtor: TruHarvest Meats Inc. · creditor: Director of Employment Standards in Trust (Attn: Grainne McGrath) · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 17155.33 · debtor: TruHarvest Meats Inc. · creditor: Diversey Canada Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 846.46 · debtor: TruHarvest Meats Inc. · creditor: Docucomm Business Systems · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 6537.14 · debtor: TruHarvest Meats Inc. · creditor: DuBois Chemicals Canada · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 96.05 · debtor: TruHarvest Meats Inc. · creditor: EDI Gateway · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 1269.41 · debtor: TruHarvest Meats Inc. · creditor: Erb Transport · currency: CAD
unsecured creditorsnote: Separate unsecured claim of Eusi Farms Ltd (List A #17); same creditor also holds a secured claim in List B and its unsecured deficiency (next entry) · page: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 10950000 · debtor: TruHarvest Meats Inc. · creditor: Eusi Farms Ltd · currency: CAD
unsecured creditorsnote: Unsecured deficiency (balance of the List B secured claim, security valued at $1.00); recorded in List A #18 'Balance of claim' column · page: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors (Balance of secured claims), as stated and estimated by the officer · amount: 5345131.16 · debtor: TruHarvest Meats Inc. · creditor: Eusi Farms Ltd · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 7199.96 · debtor: TruHarvest Meats Inc. · creditor: FROMM Packaging Systems · currency: CAD
unsecured creditorspage: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 16272 · debtor: TruHarvest Meats Inc. · creditor: H & A Canada Inc · currency: CAD
unsecured creditorsnote: US-address creditor (Atlanta, GA); taken as CAD · page: 3 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 5131 · debtor: TruHarvest Meats Inc. · creditor: iTRADE Network Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 457.65 · debtor: TruHarvest Meats Inc. · creditor: JPak Professional Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 2854.76 · debtor: TruHarvest Meats Inc. · creditor: Multivac Canada Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 694.95 · debtor: TruHarvest Meats Inc. · creditor: Rentokill Canada Corporation · currency: CAD
unsecured creditorsnote: Listed as a named individual in the itemized creditor list · page: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 4758.75 · debtor: TruHarvest Meats Inc. · creditor: Ritu Bali · currency: CAD
unsecured creditorsnote: Listed as unsecured · page: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 84.23 · debtor: TruHarvest Meats Inc. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 12691.32 · debtor: TruHarvest Meats Inc. · creditor: Ryder Truck Rental Canada Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 688.84 · debtor: TruHarvest Meats Inc. · creditor: Staples · currency: CAD
unsecured creditorsnote: Union claim (collective agreement / grievance) · page: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 1515203.6 · debtor: TruHarvest Meats Inc. · creditor: United Food and Commercial Workers Canada, Local 1006A · currency: CAD
unsecured creditorspage: 4 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List A – Unsecured Creditors, as stated and estimated by the officer · amount: 160.04 · debtor: TruHarvest Meats Inc. · creditor: UPS Canada · currency: CAD
secured creditorsnote: Amount = total secured claim per List B (5,345,132.16). Estimated realizable value of security stated at $1.00 only; claim is bifurcated — secured to $1.00, unsecured deficiency of $5,345,131.16 carried into List A (Balance of secured claims). Same creditor also holds a separate $10,950,000.00 unsecured claim in List A. Security is intercompany in nature · page: 5 · as of: 2024-08-28 · amount: 5345132.16 · debtor: TruHarvest Meats Inc. · creditor: Eusi Farms Ltd · currency: CAD · security: General security over business assets per List B: book debts (intercompany – advances to Meat & Co.), machinery/vehicle/equipment, stock-in-trade/inventory, leasehold improvements, computers, computer software; plus HST input tax credit
unsecured creditorsnote: PREFERRED claim (List C, wages/rent). Same address (39 Skyline Trail, Nobleton) as Tri-Pet Holdings; ranks ahead of ordinary unsecured · page: 6 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List C – Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 46419.72 · debtor: TruHarvest Meats Inc. · creditor: Gen Evo Investments Inc · currency: CAD
unsecured creditorsnote: PREFERRED claim (List C, wages/rent; likely landlord/rent). Same address (39 Skyline Trail, Nobleton) as Gen Evo Investments; ranks ahead of ordinary unsecured · page: 6 · as of: 2024-08-28 · basis: Form 78 Statement of Affairs, List C – Preferred Creditors for Wages, Rent, etc., as stated and estimated by the officer · amount: 282000 · debtor: TruHarvest Meats Inc. · creditor: Tri-Pet Holdings Ltd · currency: CAD