Ontario · Receivership (court-appointed)

Final Notice and Statement of Receiver

Notice of receiver (s. 245 / Form 87) · 16 October 2025

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financial positionnote: Figures rounded to nearest '000; no total liabilities figure stated in the document (secured BDC Indebtedness ~$6.3M, postponed Magnum Holdings claim ~$5.6M, unsecured creditors totaling $5,556,395.98, and HST liability of $139,900 are separately reported but not aggregated into a total liabilities figure by the document) · page: 2 · as at: 2025-10-06 · basis: Estimated asset values based on the Companies' books and records at the Filing Date; several line items (intellectual property, related party receivables, property and equipment) are net book values per internal financial statements as at June 30, 2025 · scope: Combined - Magnum Worldwide Holdings Inc. and Magnum Nutraceuticals Inc. · currency: CAD · total assets: 3585200
secured creditorsnote: Approximate figure per Receiver; Receiver obtaining independent legal opinion re validity/enforceability of BDC Security (opinion pending) · page: 2 · as of: Filing Date (2025-10-06) · amount: 6300000 · debtor: Magnum Worldwide Holdings Inc. and Magnum Nutraceuticals Inc. · creditor: BDC Capital Inc. · currency: CAD · security: General security agreements from each Company granting security in the Property; guarantee by Magnum Nutraceuticals of Magnum Worldwide's indebtedness (maximum $6.5 million, a guarantee ceiling, not a balance); intellectual property security agreement granted by Magnum Nutraceuticals; also encompasses acquired RBC Registrations (Ontario & BC PPSA registrations against Magnum Nutraceuticals) and the 101 Registration (Ontario PPSA registration against Magnum Worldwide re: 101 Supplements, LP and 101 Supplements GP, LLC interests), both now forming part of the BDC Indebtedness
secured creditorsnote: Related party: Magnum Holdings previously operated the Business prior to selling it to Magnum Worldwide in 2022; indebtedness is postponed/subordinated to the BDC Indebtedness · page: 3 · as of: as currently reported (Notice dated 2025-10-16) · amount: 5600000 · debtor: Magnum Nutraceuticals Inc. (registration against Magnum Worldwide) · creditor: Magnum Nutraceuticals Holdings Ltd. ("Magnum Holdings") · currency: CAD · security: British Columbia PPSA registration against Magnum Worldwide
secured creditorsnote: Amount not stated in filing · page: 3 · as of: Filing Date (2025-10-06) · debtor: Magnum Nutraceuticals Inc. · creditor: Bank of Nova Scotia · currency: CAD · security: British Columbia PPSA registration against a motor vehicle held by Magnum Nutraceuticals (PMSI-type, single asset)
unsecured creditorsnote: Separate claim entry from same creditor's other-currency listing · page: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 20234 · debtor: Magnum Nutraceuticals Inc. · creditor: Armstrong Transport Group-CAD · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 4617.53 · debtor: Magnum Nutraceuticals Inc. · creditor: ATS Healthcare Inc. · currency: CAD
unsecured creditorsnote: Separate unsecured claim distinct from the secured BDC Indebtedness (~$6.3 million) described elsewhere in the Notice; nature of this claim not specified · page: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 96000 · debtor: Magnum Nutraceuticals Inc. · creditor: BDC · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 92795.38 · debtor: Magnum Nutraceuticals Inc. · creditor: Bennett Graphics · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 1330.64 · debtor: Magnum Nutraceuticals Inc. · creditor: Amazon Prep · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2978.6 · debtor: Magnum Nutraceuticals Inc. · creditor: CAFO Insurance · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 37592.83 · debtor: Magnum Nutraceuticals Inc. · creditor: Capsule Factory Nutraceuticals Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 535.5 · debtor: Magnum Nutraceuticals Inc. · creditor: Certified Laboratories · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 3702.49 · debtor: Magnum Nutraceuticals Inc. · creditor: Classic Cargo Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 10514.22 · debtor: Magnum Nutraceuticals Inc. · creditor: Consolidated Bottle Corp. US · currency: CAD
unsecured creditorsnote: Deemed trust class (HST) · page: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved); also referenced in Notice para. 9 as outstanding HST · amount: 139900 · debtor: Magnum Nutraceuticals Inc. · creditor: CRA - GST/HST - Vancouver · currency: CAD
unsecured creditorsnote: Deemed trust class; amount not stated in filing · page: 4 · as of: 2025-10-06 · basis: Claims Register - listed with no SOA amount stated · debtor: Magnum Nutraceuticals Inc. · creditor: CRA - Tax - Pacific · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 10552.5 · debtor: Magnum Nutraceuticals Inc. · creditor: CSN Pharma · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 6000 · debtor: Magnum Nutraceuticals Inc. · creditor: 672288 BC LTD DBA Popeye's · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 9369.24 · debtor: Magnum Nutraceuticals Inc. · creditor: Armstrong Transport Group · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 487288.58 · debtor: Magnum Nutraceuticals Inc. · creditor: Havas Battery Agency · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 76462.96 · debtor: Magnum Nutraceuticals Inc. · creditor: Darwynn Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 41.77 · debtor: Magnum Nutraceuticals Inc. · creditor: DHL Express (Canada), Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2412.23 · debtor: Magnum Nutraceuticals Inc. · creditor: Diamond Delivery · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 399369.27 · debtor: Magnum Nutraceuticals Inc. · creditor: Dynamic Technical Formulations · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 13764.99 · debtor: Magnum Nutraceuticals Inc. · creditor: EdApp/Safety Culture · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 19731.03 · debtor: Magnum Nutraceuticals Inc. · creditor: Federal Express - USD · currency: USD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2399737.04 · debtor: Magnum Nutraceuticals Inc. · creditor: GFR Pharma Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 3468.15 · debtor: Magnum Nutraceuticals Inc. · creditor: Goated Lifestyle · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 30601.81 · debtor: Magnum Nutraceuticals Inc. · creditor: Good View Capital · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 33882.29 · debtor: Magnum Nutraceuticals Inc. · creditor: Hubmatrix Partners LLC · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 17266.36 · debtor: Magnum Nutraceuticals Inc. · creditor: Hugh & McKinnon · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 1621.76 · debtor: Magnum Nutraceuticals Inc. · creditor: Imaginarium Production Corp. · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 400 · debtor: Magnum Nutraceuticals Inc. · creditor: J3SKO Services · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 8780.1 · debtor: Magnum Nutraceuticals Inc. · creditor: JT BI Consulting · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 13564.61 · debtor: Magnum Nutraceuticals Inc. · creditor: Manning Elliott · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 58.68 · debtor: Magnum Nutraceuticals Inc. · creditor: Marion Le Bloa · currency: CAD
unsecured creditorspage: 5 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2394.05 · debtor: Magnum Nutraceuticals Inc. · creditor: Marrin Consulting Inc. - CAD · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 186.76 · debtor: Magnum Nutraceuticals Inc. · creditor: Maverick Public Relations · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 5610 · debtor: Magnum Nutraceuticals Inc. · creditor: MC Freight Systems-CAD · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 13948.96 · debtor: Magnum Nutraceuticals Inc. · creditor: MC Freight Systems-USD · currency: USD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 27336.06 · debtor: Magnum Nutraceuticals Inc. · creditor: NRGized Media · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 1017343.24 · debtor: Magnum Nutraceuticals Inc. · creditor: Nutrablend Foods · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 25452 · debtor: Magnum Nutraceuticals Inc. · creditor: O Laboratoire Nutraceutique · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 3596.85 · debtor: Magnum Nutraceuticals Inc. · creditor: Price Plow · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 66842.4 · debtor: Magnum Nutraceuticals Inc. · creditor: Prime Health Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 218801.52 · debtor: Magnum Nutraceuticals Inc. · creditor: PSC Holding Corporation · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 330.75 · debtor: Magnum Nutraceuticals Inc. · creditor: Quality First Building Maintenance Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 3495.05 · debtor: Magnum Nutraceuticals Inc. · creditor: Racer Printing and Box Manufacturing · currency: CAD
unsecured creditorsnote: RBC's PPSA registrations were acquired by BDC and form part of the secured BDC Indebtedness; this separate $34,000 claim is listed as unsecured in the Claims Register, nature not specified · page: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 34000 · debtor: Magnum Nutraceuticals Inc. · creditor: RBC · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 6440.28 · debtor: Magnum Nutraceuticals Inc. · creditor: Redwood Packaging Co. · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 16498.08 · debtor: Magnum Nutraceuticals Inc. · creditor: Reed Body · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 26.04 · debtor: Magnum Nutraceuticals Inc. · creditor: Reflex Fitness Gear, Inc. · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 77284.47 · debtor: Magnum Nutraceuticals Inc. · creditor: Saro Creative · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 20440.82 · debtor: Magnum Nutraceuticals Inc. · creditor: Shanghai Mese Packaging Co., Ltd · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 89.3 · debtor: Magnum Nutraceuticals Inc. · creditor: Shaw Communications · currency: CAD
unsecured creditorspage: 6 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 1914.45 · debtor: Magnum Nutraceuticals Inc. · creditor: MBM Intellectual Property Agency · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 11242.03 · debtor: Magnum Nutraceuticals Inc. · creditor: Summit Print Corporation · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 14000 · debtor: Magnum Nutraceuticals Inc. · creditor: Sunlife Group Insurance · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 11983.76 · debtor: Magnum Nutraceuticals Inc. · creditor: Supplement World Franchising Inc. · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 4930 · debtor: Magnum Nutraceuticals Inc. · creditor: Tesla Motors Canada · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2100 · debtor: Magnum Nutraceuticals Inc. · creditor: Trans-Pro Logistics -CAD · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 2835.16 · debtor: Magnum Nutraceuticals Inc. · creditor: Tricorbraun Canada · currency: CAD
unsecured creditorsnote: Separate claim entry from same creditor's other listing · page: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 7986.64 · debtor: Magnum Nutraceuticals Inc. · creditor: Tricorbraun Canada CAD · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 1009.74 · debtor: Magnum Nutraceuticals Inc. · creditor: Uline Canada Corporation · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 37.68 · debtor: Magnum Nutraceuticals Inc. · creditor: Uline Canada Corporation-USD · currency: USD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 913.45 · debtor: Magnum Nutraceuticals Inc. · creditor: United Safety Agents · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 70.07 · debtor: Magnum Nutraceuticals Inc. · creditor: UPS Canada · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 701.06 · debtor: Magnum Nutraceuticals Inc. · creditor: Willson International - CAD · currency: CAD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 358.69 · debtor: Magnum Nutraceuticals Inc. · creditor: Willson International - USD · currency: USD
unsecured creditorspage: 7 · as of: 2025-10-06 · basis: Claims Register - SOA Amount as reported (not proved) · amount: 11622.06 · debtor: Magnum Nutraceuticals Inc. · creditor: Shop Santé inc. · currency: CAD