Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 7 March 2025
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 filing2 verified
- secured creditorsnote: Stated as 'currently owed in excess of $3.2 million' (approximation); for inventory supplied Nov 2024-Feb 2025 and cash advances under Banner Agreements · page: 9 · amount: 3200000 · debtor: Dryden Pharmacy Inc., Ignace Medical Pharmacy Inc., Fort William Medical Pharmacy Inc., Vermilion Bay Medical Pharmacy Inc. · creditor: McKesson Canada Corporation · currency: CAD · security: Specific security interest on inventory supplied and general security interest against all assets of the Debtors (General Security Agreements); inventory security agreement also referenced
- secured creditorsnote: Approximate amount ($66,000); relates to a separate pharmacy previously operated by Sahota; Sahota is guarantor - personal guarantee · page: 10 · amount: 66000 · debtor: Jaspreet Sahota (guarantor, re: previously operated Mississauga pharmacy) · creditor: McKesson Canada Corporation · currency: CAD · security: Guarantee