Ontario · NOI
Supplementary Motion Record of the Applicants dated July 24, 2026
Application / notice of application · 24 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 filing8 verified
- financial positionnote: Debtors incurred aggregate net losses of approximately $8.4 million for the 15-month period ended March 31, 2026; as of Filing Date, aggregate secured indebtedness of approximately $31.2 million and approximately $7.9 million unsecured trade indebtedness; no full balance sheet (total assets/liabilities) provided in reviewed pages · page: 28 · basis: Debtors' most recent available financial information (unaudited) · scope: Debtors (Good Natured Products entities), aggregate · currency: CAD
- secured creditorsnote: Operating lender providing revolving asset-based lending facility (Wells Facility) · page: 28 · as of: NOI filing date · amount: 900000 · debtor: Good Natured Products entities (Debtors) · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: General Security Agreement dated November 15, 2024 over substantially all present and after-acquired personal property, subject to Intercreditor Agreement
- unsecured creditorsnote: Document names no individual unsecured creditors; described as 'approximately $7.9 million in unsecured trade indebtedness' · page: 28 · as of: NOI filing date · basis: Reported in First Report of Proposal Trustee as approximate unsecured trade indebtedness · amount: 7900000 · debtor: Good Natured Products entities (Debtors) · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- secured creditorsnote: Principal mortgage lender for Brampton Facility; NOI to enforce security issued June 5, 2026; subject to Forbearance Agreement dated October 25, 2024 · page: 29 · as of: NOI filing date · amount: 12479723 · debtor: Good Natured Real Estate Holdings (Ontario) Inc. (borrower); Brampton LP, Brampton GP, Good Natured Products Inc. (guarantors) · creditor: The Toronto-Dominion Bank · currency: CAD · security: First-ranking mortgage over Brampton Facility, general security agreements, guarantees, assignments of leases and rents
- secured creditorsnote: Principal secured lender for Ayr Facility; NOI to enforce security issued June 5, 2026; subject to RBC Forbearance Agreement dated October 28, 2024 · page: 30 · as of: NOI filing date · amount: 6162212 · debtor: Good Natured Products entities (Debtors) · creditor: Royal Bank of Canada (successor by amalgamation to HSBC Bank Canada) · currency: CAD · security: First-ranking mortgage over Ayr Facility, general assignment of rents, general security agreement, guarantees
- secured creditorsnote: Ranks behind HUK 147 pursuant to Intercreditor Agreement; expected little or no recovery · page: 31 · as of: NOI filing date · amount: 3600000 · debtor: Good Natured Products entities (Debtors) · creditor: Export Development Canada · currency: CAD · security: Security interests over substantially all personal property and mortgages over Brampton Facility and Ayr Facility, subject to Intercreditor Agreement; supported by guarantees
- secured creditorsnote: Related party (shareholder financing provided by HUK 147 in connection with acquisition by HUK 149 Limited); indebtedness and security ranks subordinate pursuant to Intercreditor Agreement; expected significant shortfall in recovery · page: 31 · as of: NOI filing date · amount: 8100000 · debtor: Good Natured Products entities (Debtors) · creditor: HUK 147 Limited · currency: CAD · security: General security agreement dated November 15, 2024 over substantially all present and after-acquired personal property
- recovery outcomeentries: basis: estimated · quote: Wells Fargo - the indebtedness owing under the Wells Facility is expected to be repaid in full primarily from collections of accounts receivable and the proceeds realized from the sale of the operating assets pursuant to the Asset Purchase Agreement; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Wells Fargo · creditor name: Wells Fargo · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: TD - the indebtedness secured by the Brampton Facility is expected to be repaid in full primarily from the proceeds of sale of the Brampton Facility pursuant to the Real Property APS; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: TD · creditor name: TD · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: HUK 147 - the secured shareholder indebtedness owing to HUK 147 ranks behind the senior secured indebtedness pursuant to the Intercreditor Agreement. The Proposal Trustee understands that HUK 147 is expected to recover only from any residual value remaining after payment of the senior secured creditors and is projected to incur a significant shortfall; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: HUK 147 · creditor name: HUK 147 · interim final: unstated · claims qualifier: unstated · table missing: