Ontario · NOI
Third Report of the Proposal Trustee dated October 15, 2026
Court officer report · 15 October 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
- secured creditorsnote: Outstanding balance not stated on these pages. RBC issued s.244(1) BIA notices of intention to enforce security on June 5, 2026 to certain Debtors, related parties and guarantors. Party to Intercreditor Agreement dated Nov 15, 2024; Wells Fargo has first priority over receivables, inventory, cash, equipment etc., subject only to RBC's PMSI in Line 5. RBC supportive of Ayr Facility sale. · page: 10 · debtor: Certain of the Debtors (collateral); Ontario RE (Brampton Facility charge); 1306187 BC Ltd. (Ayr Facility mortgage, non-debtor) · creditor: Royal Bank of Canada · currency: CAD · security: Security over Collateral of the Debtors; charge Instrument No. WR1470526 registered Oct 3, 2022 against Ayr Facility; charge Instrument No. PR4416624 registered Dec 30, 2024 against Brampton Facility (registered amount $10,000,000 per Schedule C of Real Property AVO — a registration ceiling, not a balance); purchase money security interest in specific equipment (PTI Model G5000 Extrusion System, 'Line 5'). RBC Security Opinion (Gowlings): security valid, enforceable, properly perfected and registered.
- secured creditorsnote: Balance not stated on these pages. Priority per Intercreditor Agreement dated Nov 15, 2024 (with TD Bank and RBC); equipment priority subject only to RBC's PMSI in Line 5 and a CRA s.60(1.1) BIA amount of $135.05 (since paid by Brampton LP). · page: 11 · debtor: The Debtors (incl. Brampton LP and Industrial LP) · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: First-priority security interest in accounts receivable, inventory, cash, deposit accounts, equipment and other personal property of the Debtors (other than certain real property collateral and specified exceptions); registered third-in-time financing statement against Industrial LP
- secured creditorsnote: Party to Intercreditor Agreement dated Nov 15, 2024. Balance not stated. Registrations listed among claims to be deleted and expunged from title on closing of the Brampton Facility sale. · page: 62 · debtor: Good Natured Real Estate Holdings (Ontario) Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: Charge PR4305960 registered 2024/02/26 against Brampton Facility (registered amount $12,862,000 — registration ceiling, not a balance); Notice of Assignment of Rents Specific PR4305961
- secured creditorsnote: Postponements in favour of RBC registered Dec 30, 2024 (PR4416627, PR4416628), i.e. subordinated to RBC's charge. Balance not stated. To be deleted and expunged from title on closing. · page: 63 · debtor: Good Natured Real Estate Holdings (Ontario) Inc. · creditor: Huk 147 Limited · currency: CAD · security: Charge PR4401852 registered 2024/11/15 against Brampton Facility (registered amount $7,000,000 — registration ceiling, not a balance); Notice of Assignment of Rents General PR4401853
- secured creditorsnote: Balance not stated. To be deleted and expunged from title on closing. · page: 63 · debtor: Good Natured Real Estate Holdings (Ontario) Inc. · creditor: Export Development Canada · currency: CAD · security: Charge PR4438208 registered 2025/03/05 against Brampton Facility (registered amount $3,750,000 — registration ceiling, not a balance); Postponement PR4438209
- cash on handnote: Opening cash of the Cash Control Account for the week commencing 10/12/2026 per the consolidated Cash Flow Forecast (a forecast, not an actual balance); forecast closing cash at week commencing 12/14/2026 is $547,291. · as at: 2026-10-12 · amount: 157505 · currency: CAD · qualifier: forecast opening cash
- operational summaryThe Debtors have sold substantially all Brampton operating assets to Jones and are winding up operations, with the Brampton Facility sale closing imminently pending the purchaser's financing, the Ayr Facility sale expected to close in late November, and the Debtors seeking a further stay extension to December 4, 2026.
- purchaserJones Healthcare Group - Thermoforming Inc.; Jones Healthcare Group; price: sealed: false · scope: the Ayr Facility · status: proposed · name note: purchaser of the Ayr Facility not named in the text provided · structure: real_property · name source: operative · relationship: unstated
- report date15 October 2026
- report noThird Report
- sale outcometext: The Brampton asset and real property sales to Jones were approved on July 28, 2026; the Ayr Facility sale is scheduled to close the week of November 27, 2026. · scope: whole_business · status: approved