British Columbia · CCAA
Proposed Monitor's First Report to Court
Pre-filing report · 20 April 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 filing5 verified
- financial positionnote: Total assets stated as approximate ($10.5 million); total liabilities stated as exact figure in Company's liabilities table ($21,185,639), comprising Total Secured Liabilities of $399,600 and Total Unsecured Liabilities of $20,786,039 (including $16,454,678 unsecured intercompany debt owed to related party parent THC Biomed International Ltd.) · page: 9 · as at: 2026-04-13 · basis: Unaudited, internally prepared balance sheet (book value); preliminary review by Proposed Monitor · scope: Entity - THC Biomed Ltd. · currency: CAD · total assets: 10500000 · total liabilities: 21185639
- secured creditorsnote: Principal amount only; interest has accrued and is owing in excess of the stated amount · page: 10 · as of: 2026-04-13 · amount: 335000 · debtor: THC Biomed Ltd. · creditor: Sharons Credit Union · currency: CAD · security: Mortgage registered against the Owned Units (in order of priority) plus a general security agreement
- secured creditorsnote: Principal amount only; interest has accrued and is owing in excess of the stated amount · page: 10 · as of: 2026-04-13 · amount: 60000 · debtor: THC Biomed Ltd. · creditor: CNR Investments Inc. · currency: CAD · security: Mortgage registered against the Owned Units (in order of priority) plus a general security agreement
- secured creditorspage: 10 · as of: 2026-04-13 · amount: 4600 · debtor: THC Biomed Ltd. · creditor: Vault Credit Corporation · currency: CAD · security: Registered security interest against certain fixed assets of the Company
- secured creditorsnote: Deemed trust class (CRA Arrears); listed as an unsecured liability in the Company's balance sheet but CRA has registered interest against title to the Owned Units; comprises approx. $2.60M excise tax, $0.45M source deductions, $0.30M GST; figure is an approximation per the Company · page: 10 · as of: 2026-04-13 · amount: 3350000 · debtor: THC Biomed Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Registered interest against title to the Owned Units