Ontario · CCAA
Application Record Part 4
Application / notice of application · 17 October 2025
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 filing3 verified
- secured creditorsnote: Recorded on parcel register as 'TAX LIEN' - deemed-trust class CRA indebtedness; ranks in priority ahead of ordinary registered security by operation of law · page: 2 · as of: 2023-12-05 · amount: 7316103 · debtor: Mera Cannabis Corp. (registered owner of the charged lands) · creditor: His Majesty the King in Right of Canada, as represented by the Minister of National Revenue (Canada Revenue Agency) · currency: CAD · security: Lien (Instrument CT236266) registered against PIN 35190-0029 LT under the Land Titles Act
- secured creditorsnote: Principal secured under the Charge was successively increased and restated: $10,000,000 (registered 2021-11-10, 'Initial Advance'); increased to $16,500,000 (amendment 2022-03-02, adding up to $6,500,000 'Subsequent Advances'); increased to $19,106,164.62 (amendment 2022-11-02, adding $2,606,164.62 'November 2022 Advance'); and finally increased/restated to $29,000,000 on demand at 25% interest by amendment registered 2023-03-21 (Instrument CT227107), which deleted and replaced all prior Charge terms. Guaranteed by Greenleaf Productions Inc., Avana Labs Inc. and CannaWay Clinics Inc. (corporate guarantors) and by Zubin Jasavala (personal guarantee, individual - director/officer of chargor). · page: 26 · as of: 2023-03-21 · amount: 29000000 · debtor: Mera Cannabis Corp. · creditor: Aggregated Investments Inc. · currency: CAD · security: Charge/Mortgage (Instrument CT206294, registered 2021-11-10) against PIN 35190-0029 LT, 27 Sparling Road, St. Thomas, Ontario, as amended by Instrument CT211541 (2022-03-02), CT222809 (2022-11-02) and CT227107 (2023-03-21); collateral mortgage securing a convertible debenture; balance due/Maturity Date stated as 'On Demand' with 25% interest per the final amendment
- secured creditorsnote: Given by related guarantor entity Greenleaf Productions Inc. as security for its guarantee of Mera Cannabis Corp.'s obligations to Aggregated Investments Inc.; no amount stated (secures 'all Obligations' under the Debenture, same underlying debt as the CT206294 Charge) · page: 39 · as of: 2021-11-10 · debtor: Greenleaf Productions Inc. (guarantor of Mera Cannabis Corp.'s obligations) · creditor: Aggregated Investments Inc. · currency: CAD · security: General Security Agreement - blanket security interest in all present and after-acquired personal property, equipment, inventory, accounts, intangibles, money and securities of Greenleaf Productions Inc. (excludes consumer goods, certain excluded shares, and last day of any lease term)