Ontario · Bankruptcy

Trustee’s Report to the First Meeting of Creditors on Preliminary Administration – dated December 22, 2023

Court officer report · 22 December 2023

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 filing1 verified

financial positionnote: No total stated; components only: Statement of Affairs shows no secured creditors ('the Company does not have any secured obligations'), no known preferred creditors, and approximately 13 unsecured creditors with claims totalling approximately $521,000. Assets described qualitatively as limited cash, investment tax credits, share interest in Yooma Europe, and Consideration Shares from the Psilobrain transaction (value/monetization currently unknown); no dollar total given for assets. · basis: Statement of Affairs / management estimate · scope: entity - Yooma Wellness Inc. (parent), with reference to its share interest in subsidiary Yooma Europe · currency: CAD