Alberta · Bankruptcy
Minutes of the First Meeting of Creditors
Notice to creditors · 20 September 2023
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What we verified from this filing5 verified
- secured creditorsnote: Trustee's report (p.6) states books and records identified $12.1 million outstanding to Connect First, noted as potentially understated (excludes default interest/expenses); security opinion pending; sign-in sheet (p.4) states exact claim amount of $12,718,160.25 per proxy/proof filed for meeting purposes · page: 4 · as of: meeting of creditors sign-in sheet, September 20, 2023 · amount: 12718160.25 · debtor: Custom Cannabis Inc. · creditor: Connect First Credit Union Ltd. · currency: CAD
- unsecured creditorspage: 4 · as of: meeting of creditors, September 20, 2023 · basis: Meeting of Creditors attendance/claim record · amount: 176.1 · debtor: Custom Cannabis Inc. · creditor: The Professional Gardener Co. Ltd. · currency: CAD
- secured creditorsnote: Books and records identified $0.6 million outstanding; may be understated as it excludes default interest and other expenses; security opinion pending, subject to Security Opinions · page: 6 · as of: bankruptcy filing date (August 31, 2023) · amount: 600000 · debtor: Custom Cannabis Inc. · creditor: Pinene Capital Management · currency: CAD
- unsecured creditorsnote: deemed trust claim for unremitted source deductions; may rank ahead of secured claims subject to Security Opinions; a portion of this may be employer remittances per meeting minutes · page: 6 · as of: date of bankruptcy (August 31, 2023) · basis: Trustee's report on preliminary administration, citing Company's books and records · amount: 361000 · debtor: Custom Cannabis Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: priority claim for property taxes in arrears; stated as 'at least $200,000' in meeting minutes - floor amount; may rank ahead of secured claims subject to Security Opinions · page: 6 · as of: date of bankruptcy (August 31, 2023) · basis: Trustee's report on preliminary administration, citing Company's books and records · amount: 200000 · debtor: Custom Cannabis Inc. · creditor: Town of Claresholm · currency: CAD