Alberta · Bankruptcy

Notice of Bankruptcy and First Meeting of Creditors

Notice to creditors · 8 September 2023

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financial positionnote: Date of bankruptcy 31 August 2023. Total assets $6,700,000.00 comprise real property (Building and Land, Claresholm - Box 69, cannabis growing facility). SOA liabilities: unsecured per List A $1,615,877.27; balance of secured claims per List B (unsecured shortfall) $6,631,382.09; total unsecured creditors $8,247,259.36; secured creditors per List B (value of security) $6,700,000.00; preferred per List C $0.00; contingent per List D $0.00; total liabilities $14,947,259.36; deficiency $8,247,259.36. List A additionally includes the three List B secured creditors shown with $0 ordinary unsecured and their balance-of-claim shortfalls (Connect First $5,916,382.09; Pinene Capital $615,000.00; Way-Alta Livestock $100,000.00); those shortfalls are captured in secured_creditors and are excluded from the itemized unsecured list above to avoid double counting. · page: 5 · as at: 2023-08-31 · basis: Statement of Affairs (Form 78), as stated and estimated by the officer; sworn 5 September 2023 · scope: Custom Cannabis Inc. (single entity) · currency: CAD · total assets: 6700000 · total liabilities: 14947259.36
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 3307.51 · debtor: Custom Cannabis Inc. · creditor: Forward Level Inc · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 157.5 · debtor: Custom Cannabis Inc. · creditor: Ferg's Septic Service Ltd · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 172.54 · debtor: Custom Cannabis Inc. · creditor: FedEx Ground Services · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 871.5 · debtor: Custom Cannabis Inc. · creditor: 1197059 B.C. Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 201.5 · debtor: Custom Cannabis Inc. · creditor: ABSA · currency: CAD
unsecured creditorsnote: Alberta Gaming, Liquor & Cannabis (regulator) · page: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 6000 · debtor: Custom Cannabis Inc. · creditor: AGLC · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 28039.2 · debtor: Custom Cannabis Inc. · creditor: Air Liquide · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 60000 · debtor: Custom Cannabis Inc. · creditor: ATB - CEBA Loan (Canada Emergency Business Account) · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 108279.72 · debtor: Custom Cannabis Inc. · creditor: Atlas Growers · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 26640.27 · debtor: Custom Cannabis Inc. · creditor: Axia · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 7369.81 · debtor: Custom Cannabis Inc. · creditor: BGE Clean Air · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 7875 · debtor: Custom Cannabis Inc. · creditor: Blackwater Division · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 120266.7 · debtor: Custom Cannabis Inc. · creditor: BW Global · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 515.55 · debtor: Custom Cannabis Inc. · creditor: C&H Roofing Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 6751.58 · debtor: Custom Cannabis Inc. · creditor: Camfill Canada Inc · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 56256.92 · debtor: Custom Cannabis Inc. · creditor: Canopy Growth · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 97641.65 · debtor: Custom Cannabis Inc. · creditor: Carscallen LLP · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 69657 · debtor: Custom Cannabis Inc. · creditor: Deloitte · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 6443.34 · debtor: Custom Cannabis Inc. · creditor: Direct Energy · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 33075 · debtor: Custom Cannabis Inc. · creditor: Elevated Signals · currency: CAD
unsecured creditorspage: 6 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 7560.52 · debtor: Custom Cannabis Inc. · creditor: EcoLab · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 197.61 · debtor: Custom Cannabis Inc. · creditor: Rambridge Wholesale Supply · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 18149.05 · debtor: Custom Cannabis Inc. · creditor: Hemi IT Solutions Inc · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 282.52 · debtor: Custom Cannabis Inc. · creditor: HiFab Holdings Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 13403.71 · debtor: Custom Cannabis Inc. · creditor: High North Laboratories Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 84494.45 · debtor: Custom Cannabis Inc. · creditor: Hudson Energy Canada Corp · currency: CAD
unsecured creditorsnote: Individual (nominal $1.00 claim) · page: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 1 · debtor: Custom Cannabis Inc. · creditor: Jeffrey Robert Nielsen · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 1430.73 · debtor: Custom Cannabis Inc. · creditor: Johnson Controls #C3039 · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 8661.09 · debtor: Custom Cannabis Inc. · creditor: Kanalik Ltd · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 21881.37 · debtor: Custom Cannabis Inc. · creditor: Koppert Canada · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 7808.24 · debtor: Custom Cannabis Inc. · creditor: MBM Intellectual Property · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 17111.86 · debtor: Custom Cannabis Inc. · creditor: Neuchatel · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 813.96 · debtor: Custom Cannabis Inc. · creditor: Orkin Canada · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 176.1 · debtor: Custom Cannabis Inc. · creditor: Professional Gardener Co. Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 17781.75 · debtor: Custom Cannabis Inc. · creditor: Protect-IP Global Solutions Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 420 · debtor: Custom Cannabis Inc. · creditor: Quality Analitycal Services Ltd · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 3150.83 · debtor: Custom Cannabis Inc. · creditor: Quarry Park Law · currency: CAD
unsecured creditorsnote: CRA GST (deemed trust class); listed by officer in List A unsecured · page: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 79918.63 · debtor: Custom Cannabis Inc. · creditor: Receiver General - GST · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 1120.58 · debtor: Custom Cannabis Inc. · creditor: RETLogistics · currency: CAD
unsecured creditorsnote: Individual · page: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 32005.83 · debtor: Custom Cannabis Inc. · creditor: Robyn Andrea Wytinck · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 8006.25 · debtor: Custom Cannabis Inc. · creditor: Route1 Purchasing & Distribution · currency: CAD
unsecured creditorspage: 7 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 599.84 · debtor: Custom Cannabis Inc. · creditor: Solaris Electric Inc · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 247389.44 · debtor: Custom Cannabis Inc. · creditor: Westcor Construction Ltd · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 4852.5 · debtor: Custom Cannabis Inc. · creditor: Wood Hippy Co · currency: CAD
unsecured creditorsnote: WCB Alberta (regulatory/statutory); listed by officer in List A unsecured · page: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 29458.46 · debtor: Custom Cannabis Inc. · creditor: Workers Compensation Board - Alberta · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 4981.62 · debtor: Custom Cannabis Inc. · creditor: Uline · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 34.33 · debtor: Custom Cannabis Inc. · creditor: UPS · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 2344.19 · debtor: Custom Cannabis Inc. · creditor: Wallace & Carey Inc. · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 1091.77 · debtor: Custom Cannabis Inc. · creditor: WBM · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 274.94 · debtor: Custom Cannabis Inc. · creditor: Winpak Ltd. · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 1123.25 · debtor: Custom Cannabis Inc. · creditor: Southern Irrigation · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 606.38 · debtor: Custom Cannabis Inc. · creditor: Specified Technical Sales · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 2404.45 · debtor: Custom Cannabis Inc. · creditor: Staples · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 7350 · debtor: Custom Cannabis Inc. · creditor: Stawowski McGill · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 843.82 · debtor: Custom Cannabis Inc. · creditor: Tantalus Labs Ltd · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 18249.26 · debtor: Custom Cannabis Inc. · creditor: Technology Initiatives Group · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 33733.83 · debtor: Custom Cannabis Inc. · creditor: TerraLink · currency: CAD
unsecured creditorsnote: Receiver General / Health Canada cannabis licence fees; listed by officer in List A unsecured · page: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 98203.12 · debtor: Custom Cannabis Inc. · creditor: The Receiver General (Health Canada License) · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 882 · debtor: Custom Cannabis Inc. · creditor: Trane Canada ULC · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 191215.71 · debtor: Custom Cannabis Inc. · creditor: TransAlta · currency: CAD
unsecured creditorspage: 8 · as of: 2023-08-31 · basis: Statement of Affairs (Form 78), List A unsecured creditors, as reported · amount: 6339.99 · debtor: Custom Cannabis Inc. · creditor: Tyco Integrated Fire & Security · currency: CAD
secured creditorsnote: List B secured creditor; entire claim shown as unsecured shortfall (balance of claim $615,000.00, security valued at $0) · page: 9 · as of: 2023-08-31 · amount: 615000 · debtor: Custom Cannabis Inc. · creditor: Pinene Capital Managagement (Ryan McDonald) · currency: CAD · security: Real Property or Immovable - Building and Land, Claresholm - Box 69; security given 01-Aug-2023; estimated value of security $0.00
secured creditorsnote: List B secured creditor; entire claim shown as unsecured shortfall (balance of claim $100,000.00, security valued at $0) · page: 9 · as of: 2023-08-31 · amount: 100000 · debtor: Custom Cannabis Inc. · creditor: Way-Alta Livestock Limited (Wayne Barkley) · currency: CAD · security: Real Property or Immovable - Building and Land, Claresholm - Box 69; security given 01-Aug-2023; estimated value of security $0.00
secured creditorsnote: List B secured creditor; municipal taxes; fully secured, no shortfall (balance of claim $0.00) · page: 9 · as of: 2023-08-31 · amount: 200095.69 · debtor: Custom Cannabis Inc. · creditor: Town of Claresholm · currency: CAD · security: Real Property or Immovable - Building and Land, Claresholm - Box 69; security given 01-Aug-2023; estimated value of security $200,095.69
secured creditorsnote: List B secured creditor; CRA employee source-deduction remittances (deemed trust class); fully secured, no shortfall (balance of claim $0.00) · page: 9 · as of: 2023-08-31 · amount: 361480.49 · debtor: Custom Cannabis Inc. · creditor: Receiver General - Employee Remittance · currency: CAD · security: Real Property or Immovable - Building and Land, Claresholm - Box 69; security given 01-Aug-2023; estimated value of security $361,480.49
secured creditorsnote: List B secured creditor; claim bifurcated by security valuation: $6,138,423.82 secured, balance of claim (unsecured shortfall) $5,916,382.09 carried into List A total · page: 9 · as of: 2023-08-31 · amount: 12054805.91 · debtor: Custom Cannabis Inc. · creditor: Connect First Credit Union Ltd. (Attn: AJ Omo-Loto) · currency: CAD · security: Real Property or Immovable - Building and Land, Claresholm - Box 69 (cannabis growing facility); security given 01-Aug-2023; estimated value of security $6,138,423.82