Alberta · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 17 April 2026
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What we verified from this filing5 verified
- secured creditorsnote: 5-year term, 4.35% fixed, monthly P&I payment $60,490, maturing July 2026; original Commercial Mortgage facility limit $8,850,000, first tranche $7,210,000 advanced, second tranche never advanced · page: 11 · as of: 2026-04-14 · amount: 3592324 · debtor: CanadaBis Capital Inc. (borrower) · creditor: Connect First Credit Union Ltd. · currency: CAD · security: Commercial Mortgage component of Credit Facility; secured by GSA over CanadaBis' present and after-acquired personal property (registered AB/BC/SK/ON PPR); mortgage over the Facility owned by 199 in the amount of $8,850,000 (original mortgage principal, not balance); assignment of rents and leases; unlimited guarantees and postponements of claims from Full Spectrum, Goldstream, 199 and Stigma Pharmaceuticals (each secured by GSAs); assignment and postponement of related-party debt owed to 220 and Runway in the amount of $1,640,000
- secured creditorsnote: On-demand line of credit, facility limit $750,000, interest at prime + 1.00% · page: 11 · as of: 2026-04-14 · amount: 631587 · debtor: CanadaBis Capital Inc. (borrower) · creditor: Connect First Credit Union Ltd. · currency: CAD · security: Line of Credit component of Credit Facility; secured by mortgage over the Leva Property (210) in the amount of $750,000 (original mortgage principal, not balance), assignment of rents and leases, site-specific GSA over personal property located at/arising from the Leva Property business (registered AB PPR); unlimited guarantee and postponement of claims by 210
- secured creditorsnote: Related party: Runway is owned by a shareholder of CanadaBis; original principal advanced $650,000, 7% interest, payable on demand · page: 12 · as of: 2026-04-14 · amount: 651769 · debtor: 1998643 Alberta Ltd. (199) · creditor: Runway Developments Inc. · currency: CAD · security: Second-ranking mortgage over the Facility; promissory note in the amount of $650,000
- secured creditorsnote: No aggregate outstanding balance stated for these serialized-equipment financings. NFS Pre-Roll Lease equipment was bought out by 199 for $33,009.98 (Feb 26, 2026) and the equipment resold to C-Flikinger for $70,631.36; however, the related PPSA registration remains active as at April 14, 2026, notwithstanding the buyout. · page: 12 · as of: 2026-04-14 · debtor: 1998643 Alberta Ltd. (199) · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: NFS Leasing Canada Ltd. - CANTOS pre-roll manufacturing equipment lease (total equipment cost ~$741,641.04, financing ~$593,312.83, PPSA registered March 31, 2023); NFS Leasing Canada Ltd. - Pre-Roll Lease (total equipment cost ~$382,653, financing ~$286,989.75, PPSA registered Oct 27, 2022); 2079479 Alberta Ltd. - Extraction and Processing Lease (6-year term from Jan 31, 2021, monthly payments ~$11,991); Royal Bank of Canada - PPSA registration March 10, 2023 against 2018 Mercedes Benz G Class; RCAP Leasing Inc. - PPSA registration March 24, 2023 against photocopier equipment; Ford Credit Canada Company - PPSA registration March 26, 2025 against 2025 Ford F350
- secured creditorsnote: Demand promissory note originally advanced $1,168,000, representing unpaid accounts receivable from construction of the Facility; bears interest at ATB prime + 1% · page: 13 · as of: 2026-04-14 · amount: 1205648 · debtor: 1998643 Alberta Ltd. (199) · creditor: 2208318 Alberta Ltd. · currency: CAD · security: General security agreement (220 GSA) over all present and after-acquired personal property, registered in Alberta PPR March 25, 2025; mortgage over the Facility in the principal amount of $1,168,000 (220 Mortgage, original principal not balance), registered in Alberta Land Titles Registry May 30, 2025