Ontario · Receivership (court-appointed)
Notice and Statement of Receiver as at December 17, 2025
Notice to creditors · 17 December 2025
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What we verified from this filing2 verified
- financial positionnote: Components (CAD$000s): Cash 463; Accounts Receivable 3,984; Other Assets 84; Total Assets 4,531. Points Inventory of C$20.7 million as of July 31, 2025 was excluded from the asset summary as it offsets the points liability. Total liabilities not stated; NBC (secured creditor) owed approximately US$7.3 million as of December 3, 2025, before interest and costs. · as at: 2025-07-31 · basis: Book value based on the Debtors' most recent financial statements · scope: Combined book value of Drop Technologies Inc., Drop Technologies USA Inc., and Drop Technologies Holdings ULC · currency: CAD · total assets: 4531000
- recovery outcomeentries: basis: unstated · quote: The amount available for distribution to creditors is currently unknown and will depend on the net realizations in the proceedings, which cannot be determined as of the date of this report. · pct of: unstated · outcome: undetermined · stated by: receiver · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-12-17 · table missing: