Ontario · Receivership (court-appointed)
Application Record – (Volume 1 of 2)
Application / notice of application · 2 September 2025
What we verified from this filing11 verified · 1 withheld
- applicantRI FLOW LLC and NFS LEASING CANADA LTD.
- commencement date3 September 2025
- courtSUPERIOR COURT OF JUSTICE
- provinceONTARIO
- appointeeRichter Advisory Group Inc.
- appointee roleReceiver
- secured creditorsnote: Registrants per Service List: Vault Credit Corporation, Express Truck Centre, Tetra Pak Canada Inc., Mercedes-Benz Financial/Mercedes-Benz Financial Services Canada Corporation; individual claim amounts not stated in these pages. · page: 3 · as of: 2025-09-02 · debtor: Flow Beverage Corp.; Flow Water Inc.; Flow Glow Beverages Inc.; Flow Beverages Inc.; 2446692 Ontario Limited · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA (Ontario) / UCC registrations against serialized equipment/collateral
- secured creditorsnote: Registration ceiling only, not a stated balance; actual outstanding balance reflected in the separate NFS credit-facility entry. · page: 93 · as of: 2022-12-30 · debtor: 2446692 Ontario Limited · creditor: NFS Leasing Canada Ltd. · currency: CAD · security: Charge/Mortgage of land at 468 Bruce Road 28, Mildmay, Ontario, registered Dec 30, 2022 (LRO#3, Instrument No. BR190885); collateral security for all obligations under the NFS Term Loan and Security Agreement dated Dec 30, 2022, as amended, up to a maximum principal amount (registration ceiling) of $20,334,000.00
- secured creditorsnote: Reported as current portion, Short-Term Loan, in Note 8 (Borrowings) of Q2 2025 interim financial statements; no non-current portion disclosed at this date (Oct 31, 2024 comparative: $4,175,658). · page: 119 · as of: 2025-04-30 · amount: 4302317 · debtor: Flow Beverage Corp. · creditor: RI Flow LLC · currency: CAD · security: RI Term Loan and Security Agreement dated October 31, 2024 (amended June 3, 2025 and August 21, 2025); General Security Agreements from Flow Beverage Corp. and Flow Water Inc. in favour of RI Flow dated October 31, 2024
- secured creditorsnote: Per Flow Beverage Corp. Q2 2025 interim financial statements (Note 8 - Borrowings, as at April 30, 2025): Senior Term Loan $12,207,009; Delayed Draw Term Loan $4,344,738; Second Amendment Term Loan $7,288,458; Interim Financing Agreement $1,957,498; Amended and restated Term Note $443,266 current + $1,009,415 non-current. Components stated separately in source; not summed by extractor. · page: 119 · as of: 2025-04-30 · debtor: Flow Beverage Corp. (borrower); Flow Water Inc. and others (co-grantors of security/guarantors) · creditor: NFS Leasing Canada Ltd. · currency: CAD · security: General Security Agreements (FBC, FWI) dated Dec 30, 2022, amended Sept 22, 2023; Unlimited Guarantees dated Dec 30, 2022; Securities Pledge Agreements (FBC and FWI shares) dated Dec 30, 2022; Equipment Lease Agreement (NFS/FBC) dated Sept 22, 2023; Interim Loan Financing Agreement (NFS/FBC) dated Sept 22, 2023 and amendments
- secured creditorsnote: Current portion $26,095 plus non-current portion $1,773,583 per Note 8 (Borrowings); amended Sept 2023 (maturity extended to Oct 1, 2026, rate increased to 9.25% p.a.); original loan amount was USD $1,440,000. · page: 119 · as of: 2025-04-30 · amount: 1799678 · debtor: Flow Water Inc. · creditor: Seawright Mineral Springs Limited · currency: CAD · security: First lien on the Seawright spring and land (144-acre spring property in Virginia)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.