Ontario · NOI
First Report of the Proposal Trustee dated July 20, 2026
Court officer report · 20 July 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 filing6 verified
- secured creditorsnote: Related party (shareholder financing); ranks behind senior secured indebtedness pursuant to Intercreditor Agreement; expected to recover only from residual value and to incur significant shortfall · page: 14 · as of: Filing Date · amount: 8100000 · debtor: Debtors · creditor: HUK 147 Limited · currency: CAD · security: Secured Shareholder Debt
- secured creditorspage: 14 · as of: Filing Date · amount: 6162212 · debtor: Debtors · creditor: RBC (Royal Bank of Canada) · currency: CAD · security: Mortgage - Ayr Facility
- secured creditorsnote: Operating lender under revolving asset-based lending facility (Wells Facility) · page: 14 · as of: Filing Date · amount: 900000 · debtor: Debtors · creditor: Wells Fargo · currency: CAD · security: General Security Agreement dated November 15, 2024 over substantially all present and after-acquired personal property, subject to Intercreditor Agreement
- secured creditorsnote: Ranks behind HUK 147 pursuant to Intercreditor Agreement; based on current estimated realizations, expected to receive little or no recovery · page: 14 · as of: Filing Date · amount: 3600000 · debtor: Debtors · creditor: EDC (Export Development Canada) · currency: CAD · security: Secured Credit Facility (Credit Agreement)
- unsecured creditorsnote: Document names no individual unsecured creditors; approximate figure as reported · page: 14 · as of: Filing Date · basis: As stated in First Report: 'approximately $7.9 million in unsecured trade indebtedness' · amount: 7900000 · debtor: Debtors · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Subject to October 25, 2024 Forbearance Agreement with TD, HUK 147 Limited and HUK 149 Limited; TD agreed to temporarily forbear from enforcing security · page: 15 · as of: Filing Date · amount: 12479723 · debtor: Ontario RE / Brampton LP / Brampton GP / Good Natured Products Inc. · creditor: TD (The Toronto-Dominion Bank) · currency: CAD · security: First-ranking mortgage over Brampton Facility, general security agreements, guarantees, assignments of leases and rents