Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 18 September 2025
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 filing1 verified
- secured creditorsnote: Indebtedness stated as approximate amount of $44.1 million as of August 31, 2025 (referred to as 'the Indebtedness'), excluding accruing interest of approximately $220,000, professional fees, and disbursements; includes borrowings under the Receiver's Certificate; interest, fees and costs continue to accrue · page: 11 · as of: 2025-08-31 · amount: 44100000 · debtor: Aspire Food Group Ltd., Aspire Food Group Canada Ltd., 11850407 Canada Inc., 8679398 Canada Inc. (the Aspire Borrowers), guaranteed by Aspire Food Group USA, Inc. · creditor: Farm Credit Canada (FCC) · currency: CAD · security: First-ranking secured creditor pursuant to Original Credit Agreement (June 27, 2022) and ARCA (June 20, 2024); Facility 1 - real property loan, original principal amount $37,000,000; Facility 2 - variable rate mortgage loan, original principal amount $10,000,000; mortgage/security over the London Facility Property at 2450 Innovation Drive, London, Ontario