British Columbia · CCAA
Petition for CCAA
Application / notice of application · 17 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 filing5 verified
- secured creditorsnote: Deemed-trust class arrears comprised of ~$2,600,000 outstanding excise duties, ~$448,000 outstanding employee source deductions, and ~$297,000 outstanding GST; document describes CRA as 'substantially an unsecured creditor' notwithstanding caveats and enforcement steps taken · page: 8 · as of: 2026-03-23 · amount: 3345000 · debtor: THC BioMed Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Caveats registered against title to the Owned Units; garnishments of bank accounts and receivables
- financial positionpage: 10 · as at: 2026-04-13 · basis: unaudited balance sheet (the 'Current Balance Sheet') · scope: THC BioMed Ltd. (entity level) · currency: CAD · total assets: 10674314.39 · total liabilities: 21649382.38
- secured creditorsnote: Principal amount per commitment letter dated 2020-02-04; plus interest; no separate as-of date stated for balance · page: 11 · amount: 335000 · debtor: THC BioMed Ltd. · creditor: Sharons Credit Union · currency: CAD · security: General security agreement and mortgage registered against the Owned Units
- secured creditorsnote: Principal amount per offer of finance dated 2023-06-30; plus interest; no separate as-of date stated for balance · page: 11 · amount: 50000 · debtor: THC BioMed Ltd. · creditor: CNR Investments Inc. · currency: CAD · security: General security agreement and mortgage registered against the Owned Units
- secured creditorsnote: Approximate principal amount, plus interest; no separate as-of date stated for balance · page: 11 · amount: 4600 · debtor: THC BioMed Ltd. · creditor: Vault Credit Corporation (VCC) · currency: CAD · security: Equipment financing lease dated 2022-11-10