Ontario · NOI
First Report of Proposal Trustee .pdf
Court officer report · 19 February 2020
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 filing1 verified
- secured creditorsnote: Interim (DIP) financing subject to court approval; not yet advanced as of report date; commitment fee $320,000 non-refundable upon BIA Initial Order · page: 7 · as of: Commitment dated February 3, 2020 · amount: 2300000 · debtor: Eureka 93 Inc., LiveWell Foods Canada Inc., Artiva Inc., Vitality CBD Natural Health Products Inc. · creditor: Sprouter Corporation Inc., David Van Segbrook and Donna Van Segbrook (Interim Lenders) · currency: CAD · security: Proposed super-priority security interest in all present and after-acquired assets, property and undertaking (the Property/Collateral), ranking ahead of all encumbrances except the proposed Administration Charge; non-revolving term credit facility limit CDN $2,300,000 (facility amount, not outstanding balance)