Ontario · Proposal
First Report of the Proposal Trustee - dated March 27, 2026
Court officer report · 27 March 2026
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What we verified from this filing12 verified
- courtONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY & INSOLVENCY)
- court file no21-3343101
- provinceONTARIO
- appointeeBDO Canada Limited
- appointee roleLicensed Insolvency Trustee
- commencement date6 March 2026
- statutory basisBankruptcy & Insolvency Act
- financial positionnote: Liabilities described as 'total approximately $3.44 million'; no total assets figure stated in the report. Unsecured trade debt and other creditors approx. $742,744.28 as at date of NOI (page 7), not included in secured creditors list. · page: 6 · basis: Approximate figures based on Company's unaudited books and records/management information, not independently verified by Proposal Trustee · scope: Entity - Sleeping Giant Brewing Co. Limited · currency: CAD · total liabilities: 3440000
- secured creditorsnote: Amount stated as approximate; no specific balance date given · page: 6 · amount: 96512 · debtor: Sleeping Giant Brewing Co. Limited · creditor: Northern Ontario Heritage Fund Corporation (NOHFC) · currency: CAD · security: General security agreement over all of the Company's assets, registered under the PPSA (Ontario)
- secured creditorsnote: Amount stated as approximate; no specific balance date given · page: 6 · amount: 147000 · debtor: Sleeping Giant Brewing Co. Limited · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement over all of the Company's assets, registered under the PPSA (Ontario)
- secured creditorsnote: Amount stated as approximate; no specific balance date given · page: 6 · amount: 719000 · debtor: Sleeping Giant Brewing Co. Limited · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security agreement over all of the Company's assets, registered under the PPSA (Ontario)
- secured creditorsnote: Deemed trust class indebtedness comprising: source deductions unremitted to Feb 28, 2026 ($432,817.82); HST unremitted to Jan 31, 2026 ($852,437.30); beer & wine (spirit) taxes unremitted to Jan 31, 2026 ($441,151.92); excise taxes ($47,168.05, no date stated). Total is the document-stated CRA Debt figure, not a computed sum. · page: 7 · amount: 1773575.09 · debtor: Sleeping Giant Brewing Co. Limited · creditor: Canada Revenue Agency (CRA) · currency: CAD