British Columbia · CCAA
Affidavit #1 of J. Miller
Affidavit · 15 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
- secured creditorsnote: Deemed trust class - comprised of $2,600,000 outstanding excise duties, $448,000 outstanding employee source deductions, and $297,000 outstanding GST; CRA has restricted excise licence renewal, garnished accounts, and registered caveats against the Owned Units · page: 4 · as of: 2026-03-23 · amount: 3345000 · debtor: THC BioMed Ltd. · creditor: Canada Revenue Agency · currency: CAD · security: Caveats registered against title to the Owned Units; also garnishment of bank accounts and customer receivables
- financial positionnote: Figures per the Current Balance Sheet as at April 13, 2026, attached as Exhibit E; total debts described elsewhere as 'in excess of $21,000,000' · page: 5 · as at: 2026-04-13 · basis: unaudited balance sheet · scope: entity - THC BioMed Ltd. · currency: CAD · total assets: 10674314.39 · total liabilities: 21649382.38
- secured creditorsnote: Principal amount plus accruing interest; pursuant to commitment letter dated February 4, 2020 · page: 6 · as of: affidavit date · amount: 335000 · debtor: THC BioMed Ltd. · creditor: Sharons Credit Union · currency: CAD · security: General security agreement and mortgage registered against the Owned Units (2550 Acland Road, Kelowna)
- secured creditorsnote: Principal amount plus accruing interest; pursuant to offer of finance dated June 30, 2023 · page: 6 · as of: affidavit date · amount: 50000 · debtor: THC BioMed Ltd. · creditor: CNR Investments Inc. · currency: CAD · security: General security agreement and mortgage registered against the Owned Units
- secured creditorsnote: Approximate principal amount plus interest; pursuant to equipment financing lease dated November 10, 2022 · page: 6 · as of: affidavit date · amount: 4600 · debtor: THC BioMed Ltd. · creditor: Vault Credit Corporation · currency: CAD · security: Equipment financing lease security (equipment financier)