British Columbia · Receivership (court-appointed)

Notice and Statement of Receiver dated February 24, 2021

Notice to creditors · 24 February 2021

Subscribe to read the filing⁠

✨ Summarize · Subscribers

A plain-language read of this filing opens with a subscription.

What we verified from this filing60 verified

financial positionnote: Asset figures are net book value as reported by WSI to the Receiver; no as-at date stated in the document; total liabilities not separately stated as a balance sheet figure (Exhibit A creditor total of $45,915,620.49 is a listing total, not a stated liabilities figure on a balance sheet) · page: 2 · basis: Based on the information provided by WSI · scope: entity - Watershed Solutions Inc. · currency: CAD · total assets: 2246286.54
secured creditorsnote: Loan Agreement dated November 1, 2015; $4.0 million CDN advanced Nov 2015-Jan 2017 (original advance, distinct from listed balance); loan matured Nov 1, 2018, forbearance ended and repayment demanded January 2021; amount shown here is from Exhibit A creditor listing, not independently verified by Receiver · page: 2 · amount: 5891528 · debtor: Watershed Solutions Inc. · creditor: Street Quality Entertainment Ltd. · currency: CAD · security: PPSA registration against WSI (all-property registrant); Receiver makes no acknowledgement of amount owing or security claimed
unsecured creditorsnote: same address/contact as DRBM Management Inc. and Street Quality Entertainment Ltd.; possible related party · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 9869781.21 · debtor: Watershed Solutions Inc. · creditor: 2605796 Ontario Ltd · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Adam Shaw · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Affinity North · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Amanda Galvin · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Amanda Mynott · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 889.74 · debtor: Watershed Solutions Inc. · creditor: Ambius · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 355.21 · debtor: Watershed Solutions Inc. · creditor: Amex Platinum · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Angie Fleming · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Anna Campbell · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 13834.5 · debtor: Watershed Solutions Inc. · creditor: Apple Online · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Ayomide Sami-Orungbe · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 6025 · debtor: Watershed Solutions Inc. · creditor: BiG Innovation · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Brayden Neill · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Catherine Robinson · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Celia Pankhurst · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Charles Ursell · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Daniel Pujdak · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 232.96 · debtor: Watershed Solutions Inc. · creditor: Dev Wood Consulting Ltd · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Dr. Jessica Shadian · currency: CAD
unsecured creditorsnote: same address/contact as 2605796 Ontario Ltd and Street Quality Entertainment Ltd.; possible related party · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1066232.38 · debtor: Watershed Solutions Inc. · creditor: DRBM Management Inc. · currency: CAD
unsecured creditorsnote: nominal $1 placeholder; shares surname/email domain with DRBM/2605796 Ontario Ltd contact, possible related party · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Duncan MacRae · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Emma Pickering · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Fred Thwainy · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 28972.72 · debtor: Watershed Solutions Inc. · creditor: Gowling WLG · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Heather Lejeune · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Jacqueline Wong · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 2252.25 · debtor: Watershed Solutions Inc. · creditor: James Movers Inc. · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Jennifer Houle · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: John Hibble · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Jonathan English · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Kelly Kornet · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Kristi Thiele · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Lynda Tarras · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Matthew White · currency: CAD
unsecured creditorsnote: represented by litigation counsel (Litigate LLP); likely landlord claim · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 29000000 · debtor: Watershed Solutions Inc. · creditor: Menkes Union Tower · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Michael Pacione · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Michele Fenlon · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Bonnie Leask · currency: CAD
unsecured creditorspage: 4 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 57403.49 · debtor: Watershed Solutions Inc. · creditor: 1579909 Ontario Limited · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 2576 · debtor: Watershed Solutions Inc. · creditor: Regus · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 600 · debtor: Watershed Solutions Inc. · creditor: RMS Warehousing · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Scott Cavan · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1760.36 · debtor: Watershed Solutions Inc. · creditor: Sheffman & Company · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Ship with Us Ventures · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 99.82 · debtor: Watershed Solutions Inc. · creditor: Shred-it · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Silvia Alba · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Soma Learning Solutions, Inc. · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Sonia Chwalek · currency: CAD
unsecured creditorsnote: same creditor listed as secured party per PPSA search on page 2; classified as secured above, listed unsecured amount here matches secured entry, likely reflects total claim pending security determination · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 5891528 · debtor: Watershed Solutions Inc. · creditor: Street Quality Entertainment Ltd. · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Tabatha Soltay · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Tamara Kerr · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 20267.64 · debtor: Watershed Solutions Inc. · creditor: TD Business Visa · currency: CAD
unsecured creditorsnote: nominal $1 placeholder · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Theresa Heese · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Tyl Van Toorn · currency: CAD
unsecured creditorsnote: regulatory claim · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 2000 · debtor: Watershed Solutions Inc. · creditor: WCB (WorkSafeBC) · currency: CAD
unsecured creditorspage: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 8173.7 · debtor: Watershed Solutions Inc. · creditor: Xerox · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Yara Farran · currency: CAD
unsecured creditorsnote: nominal $1 placeholder, appears to be employee/individual · page: 5 · basis: Listing of creditors as provided by WSI (Exhibit A) · amount: 1 · debtor: Watershed Solutions Inc. · creditor: Olena Dudarenko · currency: CAD