Nova Scotia · Receivership (court-appointed)
Affidavit of Marius Cassie
Affidavit · 12 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 filing2 verified
- courtSupreme Court of Nova Scotia
- secured creditorsnote: Balance of $2,565,282.75 as of April 2, 2026 stated in BDC's April 24, 2026 appointment letter to Deloitte Restructuring Inc. (Exhibit H); original loan approved October 16, 2024 was $3,500,000.00 (prose approximation - not a balance). Mark Stephen Shelley is a personal guarantor (individual) capped at 10% of outstanding balance; Sun Kissed Energy Incorporated is a corporate guarantor capped at 100% of outstanding balance and has granted a General Security Agreement to BDC as collateral for its guarantee - it is a guarantor of the debtor's obligations, not a direct creditor of Kooshie. Company in default since last mortgage payment October 15, 2025; demand and NOI sent April 7, 2026; receiver appointed April 24, 2026. · page: 112 · as of: 2026-04-02 · amount: 2565282.75 · debtor: Kooshie Cushions of Canada Limited · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: First readvanceable mortgage dated January 10, 2025 registered against PID 20239059 (339 Willow Street, Truro, NS) for a registered principal amount of $3,500,000.00; first general assignment of rents dated January 10, 2025; guarantee of Sun Kissed Energy Incorporated (limited to 100% of outstanding balance) supported by a General Security Agreement over Sun Kissed's present and after-acquired personal property; guarantee of Mark Stephen Shelley (limited to 10% of outstanding balance)