British Columbia · CCAA
Petition to the Court
Application / notice of application · 22 November 2022
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What we verified from this filing8 verified
- financial positionpage: 6 · as at: 2022-07-31 · basis: As stated in petition; basis (audited/unaudited) not specified · scope: Lightbox Enterprises Ltd. (entity level, per petition, fiscal year end) · currency: CAD · total assets: 9492821.65 · total liabilities: 12477870.91
- secured creditorsnote: Principal amount of secured convertible debenture, plus accrued interest (unquantified). Debenture matured October 26, 2021. Ranks pari passu with Melville debt pursuant to Intercreditor Agreement dated April 26, 2021. Sundial issued default notice (May 2022) and BIA s.244(1) demand/NITES (Oct 17, 2022). Combined with Melville debt described in prose as 'approximately $9,000,000'. · page: 7 · amount: 3000000 · debtor: Lightbox Enterprises Ltd. · creditor: Sundial Growers Inc. · currency: CAD · security: General security agreement and share pledge agreement dated April 26, 2021 (Sundial Debenture)
- secured creditorsnote: Line of credit; individual lender (not a company) - personal guarantor/lender role noted per document. · page: 7 · amount: 2000000 · debtor: Lightbox Enterprises Ltd. · creditor: Milan Trpin · currency: CAD · security: Mortgage against real property owned by a related party to Lightbox
- secured creditorsnote: Outstanding sales taxes (GST) owed to CRA; deemed trust class quasi-governmental claim. · page: 7 · amount: 160670.37 · debtor: Lightbox Enterprises Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Principal amount of secured convertible debenture, plus accrued interest (unquantified). Debenture matured July 13, 2022. Ranks pari passu with Sundial debt pursuant to Intercreditor Agreement dated April 26, 2021. Melville issued default notice letter May 2022. Combined with Sundial debt described in prose as 'approximately $9,000,000'. · page: 7 · amount: 5650000 · debtor: Lightbox Enterprises Ltd. · creditor: George Melville Holdings Limited · currency: CAD · security: General security agreement and share pledge agreement dated July 13, 2020 (Melville Debenture)
- secured creditorsnote: Described as a 'secondary secured' creditor of Lightbox; no amount stated. · page: 8 · debtor: Lightbox Enterprises Ltd. · creditor: Robson Promenade Holdings Ltd. · currency: CAD
- secured creditorsnote: Described as a 'secondary secured' creditor of Lightbox; no amount stated. · page: 8 · debtor: Lightbox Enterprises Ltd. · creditor: Bank of Montreal · currency: CAD
- secured creditorsnote: Described as a 'secondary secured' creditor of Lightbox (vehicle lease financier); no amount stated. · page: 8 · debtor: Lightbox Enterprises Ltd. · creditor: Zeemac Vehicle Lease Ltd. · currency: CAD