Ontario · Receivership (court-appointed)
Supplementary Motion Record of the Receiver, MNP Ltd.
Application / notice of application · 29 October 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 filing1 verified
- secured creditorsnote: No outstanding balance of the secured indebtedness is stated on these pages. The only related figure is the Amended Stalking Horse purchase price of $2,484,081.15 (cash plus assumed debt, subject to closing adjustments) — a sale price, not a debt balance. Receiver states estimated sale proceeds are expected to be sufficient to fully repay the Secured Creditors, the Receiver's Charge, the Borrowings Charge and any priority payables. The Receiver is not aware of priority creditors ahead of the assumed debt other than the Receiver's Charge and the Receiver's Borrowing Charge (being paid on closing). The Stalking Horse Bidder (1001642099 Ontario Inc.) was incorporated by certain of the Secured Creditors (related party). · page: 11 · debtor: Future Health Technologies Inc. · creditor: Bruce Community Futures Development Corporation, Community Futures South Georgian Bay, Saugeen Economic Development Corporation, Community Futures Development Corporation of Wellington-Waterloo, and Huron Business Development Corporation o/a Community Futures Huron (the Applicants / 'Secured Creditors') · currency: CAD · security: Security held by the Applicants; the Receiver obtained a security opinion and 'has determined that the security is valid' (subject to usual assumptions and qualifications). Security is partly credit-bid: the Stalking Horse purchase price is a combination of cash and assumed debt, the assumed debt representing a credit bid against the Applicants' security.