Ontario · Interim receivership
First Report of the Interim Receiver dated July 5, 2026
Court officer report · 5 July 2026
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What we verified from this filing4 verified
- secured creditorsnote: Approximate balance stated in First Report; Interim Receiver has not verified validity/enforceability of security · page: 6 · amount: 525000 · debtor: Bold Canine Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: First-ranking general security interest over substantially all of the Company's assets (claimed)
- secured creditorsnote: Approximate balance stated in First Report; subordination to BMO noted · page: 6 · amount: 69000 · debtor: Bold Canine Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Security over certain equipment (Formax Equipment); pursuant to subordination agreement with BMO, believed to hold first-ranking security over certain equipment and subordinate security over remaining assets
- secured creditorsnote: Aggregated per multiple serialized-equipment financiers/lessors; amounts not individually stated; validity/priority not reviewed by Interim Receiver · page: 6 · debtor: Bold Canine Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Various vehicle and equipment lessors/financiers asserting PPSA security interests against specific equipment (e.g., Linde Canada Inc. re: liquid nitrogen equipment)
- secured creditorsnote: Kensington is a related party: it holds preferred shares (invested ~$7.1M in 2020) and a Kensington representative (Kent) has served as a director of the Debtor since Jan 10, 2020. First Report (p.6) rounds this balance to 'approximately $4.8 million'; exact balance including accrued interest as of June 16, 2026 per Kennedy Affidavit and Application is $4,827,000. Also basis for June 17, 2026 demand letter and s.244 BIA notice. · page: 41 · as of: 2026-06-16 · amount: 4827000 · debtor: Bold Canine Inc. · creditor: Kensington Private Equity Fund · currency: CAD · security: Secured grid promissory note dated March 17, 2025; General Security Agreement over all present and future assets, undertaking and property of the Debtor; PPSA financing statement registered March 17, 2025