What we verified from this filing9 verified
- appointeeB. Riley Farber Inc.
- appointee roleLicensed Trustee
- commencement date4 April 2024
- proceeding typebia_bankruptcy
- financial positionnote: Assets comprise a $1.00 estimated realizable value Prepaid Utility Deposit and $1.00 estimated realizable value for a 50% interest in Cannfections Group, Inc., totaling $2.00. Total liabilities equal total claims per Statement of Affairs ($27,926,015.00), as secured/preferred/contingent claims are NIL. Amount actually filed with Trustee to date is $8,173,673.53 (lower, separately reported). · page: 2 · as at: date of bankruptcy (April 4, 2024) · basis: Statement of Affairs (unaudited books and records provided by the Company) · scope: High Park Farms Ltd., entity-level · currency: CAD · total assets: 2 · total liabilities: 27926015
- secured creditorsnote: Registration listed as '(Discharged)'; Trustee believes related equipment was returned but the PPSA registration had not been subsequently discharged. Treat as discharged/inactive security, not a current secured claim. Per Statement of Affairs and claims filed with Trustee, secured claims are reported as NIL. · page: 3 · as of: date of bankruptcy · debtor: High Park Farms Ltd. · creditor: 1890856 Ontario Ltd. · currency: CAD · security: PPSA (Ontario) registration against the Company
- secured creditorsnote: Registrant listed as having security registered under the PPSA as at the date of bankruptcy; Trustee has not investigated the registration or confirmed a balance. Per Statement of Affairs and claims filed with Trustee, secured claims are reported as NIL. · page: 3 · as of: date of bankruptcy · debtor: High Park Farms Ltd. · creditor: Meridian OneCap Credit Corp · currency: CAD · security: PPSA (Ontario) registration against the Company
- unsecured creditorsnote: Document names no individual unsecured creditors. Amount actually filed with Trustee (proofs of claim received) was $8,173,673.53, which is lower and separately reported as 'Filed with Trustee'. · page: 3 · as of: Statement of Affairs as at date of bankruptcy · basis: Statement of Affairs as reported · amount: 27926015 · debtor: High Park Farms Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: At this time, the Trustee is not able to determine the value of the Cannfections shares, and therefore, cannot advise how much, if any, funds will be available for distribution to preferred or unsecured creditors. · pct of: unstated · outcome: undetermined · class key: preferred · stated by: trustee · class label: preferred or unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: