Ontario · NOI

First Report of the Proposal Trustee (June 28, 2026)

Court officer report · 28 June 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 filing3 verified

secured creditorsnote: Amount represents original principal advanced (Mortgage Loan), not a stated outstanding balance; current balance not disclosed · page: 9 · debtor: Blizza Brands Inc. · creditor: 0933805 BC Limited and Pierino Alberto Papa (Mortgage Lenders) · currency: CAD · security: First-ranking registered charge against title to the Facility (371 Neptune Crescent, London, Ontario); original principal advanced $1,100,000
unsecured creditorsnote: Deemed trust/Crown claim class; comprised of approximately $430,011.63 Excise Arrears, $139,214.35 payroll-related obligations, and $29,970.81 GST/HST obligations; also referenced in prose as approximately $599,196 · page: 10 · as of: NOI filing date · basis: Company estimate as of the NOI Filing Date · amount: 599196.79 · debtor: Blizza Brands Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
unsecured creditorsnote: Document names no individual trade creditors; separate from the ~$1.44 million total estimated unsecured obligations referenced in prose (para 19), which includes the CRA amount · page: 10 · as of: 2026-06-23 · basis: Based on the Company's books and records as of June 23, 2026 · amount: 837290.29 · debtor: Blizza Brands Inc. · creditor: Trade creditors (aggregate as reported) · currency: CAD