Ontario · Receivership (court-appointed)
Application Record - 17-Mar-2025
Application / notice of application · 17 March 2025
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What we verified from this filing6 verified
- applicantAGRIROOTS REALTY INC. as general partner for AGRIROOTS DIVERSIFIED LENDING FUND LP
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00029832-0000
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3, as amended; and section 101 of the Courts of Justice Act, RSO 1990, c C 43, as amended
- commencement date11 March 2025
- secured creditorsnote: Loan advanced Dec 22, 2021 in amount of $4,050,000.00 (face value of commitment $4,050,000.00; promissory note $4,050,000.00). Discharge statement (Exhibit J) states total loan balance of $5,468,514.06 as of Feb 19, 2025 with per diem interest of $1,538.44 accruing thereafter. Registered mortgage principal amounts ($4,860,000 x3 + $350,000) are registration ceilings, not balances. · page: 18 · as of: 2025-02-19 · amount: 5468514.06 · debtor: Northorizon Farms Inc., Jonathan Karhi, Amy Karhi · creditor: Agriroots Realty Inc. as general partner for Agriroots Diversified Lending Fund LP · currency: CAD · security: Four Charges/Mortgages (Instrument Nos. AL241044, AL241043, AL241042 each securing principal of $4,860,000.00; AL241070 securing principal of $350,000.00, all registered December 22, 2021) plus General Security Agreements dated December 20, 2021 over all present and future personal and real property of the Debtors