British Columbia · Bankruptcy
Notice to Creditors
Notice to creditors · 22 June 2023
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 filing15 verified
- provinceBRITISH COLUMBIA
- appointeeFTI Consulting Canada Inc.
- appointee roletrustee
- commencement date21 June 2023
- court file no11-2957717
- statutory basisSubsection 102(1) of the Act
- financial positionnote: SOA reports Deficiency of $1,445,410.78 (Total liabilities $2,245,410.78 less Total assets $800,000.00); total unsecured creditors per List A $1,375,786.98; total secured claims per List B $869,623.80; preferred creditors, contingent liabilities, debts due to bankrupt, bills of exchange, and real property all shown as $0.00 in respective schedules · page: 3 · as at: 2023-06-21 · basis: Statement of Affairs (Business Bankruptcy) - as stated and estimated by the officer (Jason Mitchell, Co-Founder & CEO/Agent) · scope: HempFusion Wellness Inc. (single entity, unconsolidated) · currency: CAD · total assets: 800000 · total liabilities: 2245410.78
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 22619.25 · debtor: HempFusion Wellness Inc. · creditor: TSX Inc. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 352370.5 · debtor: HempFusion Wellness Inc. · creditor: Hybrid Financial Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 286982.29 · debtor: HempFusion Wellness Inc. · creditor: McMillan LLP · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 662573.14 · debtor: HempFusion Wellness Inc. · creditor: MNP LLP · currency: CAD
- unsecured creditorsnote: Listed separately from 'Odyssey Trust Company' secured creditor; distinct address given (Vancouver BC) · page: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 43211.97 · debtor: HempFusion Wellness Inc. · creditor: Odyssey · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 2393.46 · debtor: HempFusion Wellness Inc. · creditor: SRCO · currency: CAD
- unsecured creditorspage: 4 · as of: 2023-06-21 · basis: Statement of Affairs, List 'A' - Unsecured Creditors, as stated and estimated by the officer · amount: 5636.37 · debtor: HempFusion Wellness Inc. · creditor: Stout Risius Ross, LLC. · currency: CAD
- secured creditorsnote: Statement of Affairs List 'B'; claim bifurcated by security valuation - balance of claim (unsecured shortfall after deducting estimated security value) of $69,623.80 shown separately · page: 5 · as of: 2023-06-21 · amount: 869623.8 · debtor: HempFusion Wellness Inc. · creditor: Odyssey Trust Company, as Trustee for the Convertible Debenture Holders · currency: CAD · security: Other - Shares of HempFusion Inc.; security given 15-Mar-2022; estimated value of security $800,000.00