Ontario · CCAA
Application Record - 2437653 Ontario Inc
Application / notice of application · 15 June 2026
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 filing9 verified
- commencement date15 June 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- applicant2437653 Ontario Inc.
- appointeeErnst & Young Inc.
- appointee roleMonitor
- financial positionnote: Affidavit narrative (para. 44-45) states assets of $17,514,270 and liabilities of $240,669,946, which differ from the itemized table totals of $16,559,495 (Total Assets) and $241,501,164 (Total Liabilities); both figures are unaudited and the affidavit states liabilities exceed assets in both 2024 and 2025 Financials · page: 37 · as at: 2025-12-31 · basis: unaudited book value (Companies' unaudited consolidated financial statements for year ended December 31, 2025) · scope: consolidated - the Companies (Entourage Health Corp., Entourage Brands Corp., 2686912 Ontario Limited, 2686913 Ontario Limited, Starseed Holdings Inc., North Star Wellness Inc., CannTX Life Sciences Inc.) · currency: CAD · total assets: 16559495 · total liabilities: 241501164
- secured creditorsnote: Amount inclusive of interest through May 15, 2026, exclusive of legal expenses and other costs/charges/fees to date; stated in Demand Letter and Notice of Intention to Enforce Security dated June 10, 2026 · page: 64 · as of: 2026-05-15 · amount: 19150723 · debtor: Entourage Brands Corp. (Borrower) and Guarantors (Entourage Health Corp., 2686912 Ontario Limited, 2686913 Ontario Limited, Starseed Holdings Inc., North Star Wellness Inc., CannTx Life Sciences Inc.) · creditor: 2437653 Ontario Inc. (LPF Lender) · currency: CAD · security: Senior Credit Agreement (originally Bank of Montreal, assigned to LPF Lender); GSA, guarantees, registered charge/mortgage CT165421, assignment of rents, trademark security assignments over substantially all assets incl. Aylmer Facility
- secured creditorsnote: Amount inclusive of interest through May 15, 2026, exclusive of legal expenses and other costs/charges/fees to date; repayable on demand per Section 2.4(1); subordinated to Senior Indebtedness per Intercreditor Agreement dated September 30, 2020 · page: 64 · as of: 2026-05-15 · amount: 220946979 · debtor: Entourage Brands Corp. (Borrower) and Guarantors (Entourage Health Corp., 2686912 Ontario Limited, 2686913 Ontario Limited, Starseed Holdings Inc., North Star Wellness Inc., CannTx Life Sciences Inc.) · creditor: 2437653 Ontario Inc. (LPF Lender) · currency: CAD · security: Subordinated Credit Agreement (dated January 31, 2023); Omnibus GSA, Guarantee, registered charges CT187274/ER1326607, assignment of rents CT187275/ER1326608, trademark security agreement, intercreditor agreement with Bank of Montreal (subordinated in priority to Senior Credit Agreement)
- secured creditorsnote: Defined as "Harris Debt" in Subordinated Credit Agreement; claim expressly postponed and subordinated to LPF Lender's security; security/priority status of underlying debt not otherwise specified in excerpted pages · page: 260 · amount: 3807501 · debtor: CannTx Life Sciences Inc. · creditor: 1217174 Ontario Ltd. (related to "Harris Debt") · currency: CAD · security: Subordinated Debt; subject to Assignment, Postponement and Subordination Agreement dated October 29, 2021 in favour of the Secured Party (LPF Lender)