Ontario · NOI
Motion Record of Blizza Brands Inc. (June 26, 2026)
Application / notice of application · 26 June 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 filing9 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-26-03390093-0035
- provinceONTARIO
- secured creditorsnote: Components not summed per instructions: lien under the Excise Act ~$369,645.22; lien under the Excise Tax Act ~$299,129.61; lien under the Income Tax Act ~$138,947.64. Deemed trust/Crown priority claim. · page: 31 · as of: 2026-06-16 · debtor: Blizza Brands Inc. · creditor: His Majesty the King in Right of Canada (CRA) - registered tax liens · currency: CAD · security: Three tax liens registered directly against title to the London Facility on June 16, 2026 (Instrument Nos. ER1685064, ER1685087, ER1685106)
- financial positionnote: Company states it is both cash flow and balance sheet insolvent; no aggregate total liabilities figure stated. Largest asset categories: property and equipment ~$2.9 million, inventory ~$2.0 million; also ~$43,000 cash, ~$25,000 accounts receivable, ~$120,000 CRA bond deposit. · page: 32 · as at: 2026-05-31 · basis: Company's internal financial statements (book value, approximate) · scope: Blizza Brands Inc. (single entity) · currency: CAD · total assets: 5400000
- secured creditorsnote: No amount stated; single serialized-equipment financier · page: 33 · debtor: Blizza Brands Inc. · creditor: 1537638 Ontario Limited · currency: CAD · security: PPSA registration dated January 10, 2025 (expiring January 10, 2030) against specific serialized equipment (Lexmark XC4342 printer and accessories) - PMSI class
- secured creditorsnote: Original principal advanced October 2023; interest-only facility at 13% per annum; current maturity October 19, 2026; no stated current outstanding balance in the record - $1,100,000 is the original advance, not a confirmed balance · page: 34 · debtor: Blizza Brands Inc. (formerly Volo Inc.) · creditor: 0933805 BC Limited and Pierino Alberto Papa (Mortgage Lenders) · currency: CAD · security: First-ranking registered charge/mortgage against the London Facility (371 Neptune Crescent, London, ON), Instrument No. ER1550209 registered October 19, 2023, securing original principal amount of $1,100,000
- secured creditorsnote: Company's estimate as of the NOI Filing Date (June 23, 2026); comprised of approximately $430,011.63 in Excise Arrears, $139,214.35 in payroll-related obligations, and $29,970.81 in GST/HST obligations. Deemed trust/Crown priority claim; partially secured by the registered tax liens listed separately above. · page: 35 · as of: NOI Filing Date · amount: 599196.79 · debtor: Blizza Brands Inc. · creditor: Canada Revenue Agency (CRA) - Excise/GST/payroll arrears · currency: CAD
- secured creditorsnote: Company states it is not currently indebted to Stoke as of the date of the Affidavit · page: 35 · as of: 2026-06-26 · amount: 0 · debtor: Blizza Brands Inc. · creditor: Stoke Receivables Finance Corp. and Stoke Receivables Finance II Corp. (Stoke) · currency: CAD · security: PPSA registered security interests (registered February 26, 2025 and March 28, 2025) under a receivables financing facility with a purchase limit of up to $500,000 (facility limit, not a balance)