Insights
The archive, newest first — posts 426–450 of 719. The 8 most recent are on the front. ← The newest analysis
Case update
Blizza Brands: CRA's final renewal and a proposal expected by October 19
The London, Ontario cannabis grower filed its NOI eight days after CRA wrote that its excise licence would not be renewed, and on August 31 the court gave it until October 19, 2026 to file a proposal, on a forecast that cuts milled-product sales to $320,000 over 13 weeks and, the proposal trustee reports, cannot repay a related-party DIP at its October 15 maturity.
Case update
Cheema & Sons Transport: no leave to appeal the Goreway Drive sale
Osborne J.A. has refused the debtors leave to appeal the July 14 order approving Grant Thornton's sale of 8412 and 8424 Goreway Drive, Brampton, holding that the BIA's appeal procedure governs and that leave was required; their notice of appeal, due by July 24, was served July 30. A notice of abandonment followed on August 31.
1512632 ONTARIO INC. o.a CHEEMA and SONS TRANSPORT and 2856586 ONTARIO INC.
Case update
Concept Electric: eight years, and the last $158,474
Grant Thornton's Sixth Report asks the Alberta court to approve a final distribution — $50,421.28 to two union trust claimants and an estimated $158,474 to RBC as successor to HSBC — and to discharge it, eight years after the Calgary electrical contractor stopped work, let about 440 employees go and left $13,981,041.64 owing to HSBC, with $5,430,439 in receipts in between.
Concept Electric Ltd., 1645943 Alberta Inc., & 101200672 Saskatchewan Ltd.
Outcome brief
Freedom Self Storage: 373 lockers, three buyers and a release the Crown opposed
Grant Thornton sold the Nova Scotia chain's four sites to three buyers, one of them a director, for $4,335,000 gross; the companies then sought releases for three directors that the Minister of National Revenue opposed over a $243,866.27 HST reassessment, and on August 28, with Ducimus Capital listed at $1,647,884.92, both companies assigned themselves into bankruptcy.
Freedom Self Storage Inc. and Honeycomb Self-Storage Limited
Case update
FUM: Clearco's claim settles as secured before the plan vote
The Calgary maker of nicotine-free flavoured air devices takes a CCAA plan to its creditors on September 18 that pays the secured class $1,288,100 and ordinary unsecured creditors a $330,000 pool in eleven monthly instalments that start only once the secured class is paid — after Justice C.D. Simard approved a settlement making Clearco's US$679,038.40 claim, which the monitor had disallowed against the Canadian company, a secured claim against both debtors.
RDFN FUM Natural Products Ltd. and RDFN FUM Natural Products Inc.
Case update
Go-To Developments: a $20.95 million assignment fee heads to mediation
The receiver of Go-To Spadina Adelaide Square is suing nine defendants for $15,300,000 over a $20.95 million assignment fee the partnership paid in 2019, which Adelaide Square Developments calls its profit on a downtown Toronto land assembly and answers with a $13,850,000 counterclaim, and on August 31 Justice Black recorded a mediation with ASD and two co-defendants before the end of November and February 15–19, 2027 set aside for the discoveries that remain.
Case update
Good Natured: Jones moves in and the Brampton closing slips a month
Justice Cavanagh has given the seven Good Natured packaging debtors a second 45-day extension, to October 20, 2026, while Jones Healthcare Group, which bought the Brampton operating assets on July 31 and occupies 5 Abacus Road under an interim lease, needs more diligence time before buying the building that carries TD's $12,479,723 first mortgage, now forecast to close in the week of September 28.
Case update
Mewburn Towns: what is left of 27 buyers' deposits
BDO Canada's sealed-price sale of a stalled 28-townhome project in Niagara Falls, which the receiver says leaves Meridian Credit Union short on a $9,191,463.39 claim, takes none of the 27 buyers' purchase agreements with it; an August 31 supplement proposes they share what remains of $1,980,487 in deposits, about 9.88% each by the receiver's draft accounting, before claiming from Tarion.
Outcome brief
Original Traders Energy: Cuz We Can sells for US$1.3 million
The 70-foot Azimut that a March 2023 Mareva injunction froze, and that KPMG says was bought with OTE Group money, sold for US$1.3 million after about four months on the market and closed August 31, 2026. A 2023 order has the net proceeds held in trust until the court decides who is entitled to them.
Filing brief
Pinestone: a receiver that springs on September 14
Cosman Mortgage Capital, owed $5,394,547.58 on a 2018 mortgage as of September 2024, has a consent order that turns Fuller Landau's six-month monitoring receivership of the Pinestone resort in Haliburton into full possession at 12:01 a.m. on September 14, unless the owners' proposed repayment closes in escrow first.
Case update
Stableview: unitholders, a bar date and what 'motion' meant
Thirty-one former unitholders who want leave to sue Grant Thornton Limited for $100 million over the Voxtur shares it held under a standstill met a consent bar date with a notice of motion and no evidence; the receiver says that was not a motion and every claim is extinguished, six more unitholders who missed the date say the receiver's two emails never told them what it meant, and both fights are returnable September 2.
Outcome brief
THC BioMed: the charge that outlived the CCAA
The CRA told a Kelowna cannabis producer on August 10 that it would not negotiate a payment plan while the company was under CCAA protection — so on August 31 Justice Baker wound the proceeding up without a plan, a claims process or a single compromised debt, leaving one super-priority charge standing and assigned, for $400,000, to a company whose two directors are the debtor's own chief executive and president.
Precedent note
What a co-op member is owed
A New Brunswick fishermen's co-operative filed under the CCAA on August 12 owing its 91 members $4,669,000.41 — booked not as equity but as unsecured debt. Eight days later in Vancouver, a receiver was authorized to distribute $11.5 million to the members of another co-operative, measured in the 566,658,103 pounds of fruit they had delivered. The August 2026 record shows courts reaching past the co-operatives statutes to work out what a member is.
Association Coopérative des Pêcheurs de l’Île Limitée / Island Fisherman’s Co-operative Association Limited, BC Tree Fruits Cooperative, Picture Butte Feeder Cooperative +2 more
Filing brief
Sonic Enclosures: $401 in the bank and four weeks to find a buyer
Two days after BDC took judgment on a $556,426.60 claim, a Chilliwack enclosure manufacturer filed a notice of intention. On Monday it asks the B.C. Supreme Court to stretch its stay to October 23, approve a $100,000 administration charge and a four-week sale process, and let its senior lender advance $250,000 at 2% a month — against a cash flow forecast that opens with $401.
Case update
25 Glen Watford: a credit bid, and $5.7 million in buyers' deposits
KBIJ Corporation's receiver asks the Commercial List to vest a vacant Scarborough lot, approved for a 10-storey retirement residence, in an affiliate of first mortgagee Sigma One Capital Inc. (owed $18,506,511.20) on a sealed credit bid after 35 confidentiality agreements produced no offer, to disclaim the pre-construction agreements, and to order the law firm holding $5,729,977.30 of buyers' deposits to pay them over; Justice Cavanagh has set the motion for September 29.
Filing brief
Allumiqs: from 2% a month to 9% a year, and from CRO to interim CEO
A Halifax-headquartered contract research group with its laboratory in Sherbrooke filed notices of intention on July 3 and, on August 28, obtained a repriced $550,000 DIP from two lenders, one of them a company whose sole director is now the group's interim chief executive, together with a $100,000 administration charge, SR&ED credits carved out of both charges and held in trust, a sale process with an October 21 bid deadline, and a handwritten exception for the president's retention bonus.
Case update
Ravi Kitchen: the priority circle on Markham Road
BDO holds $939,866 attributed to two commercial condominium units it sold at 2855 Markham Road and cannot draw a waterfall — the Canada Revenue Agency says it ranks ahead of the condominium corporation's $78,415.38 lien, the corporation says it ranks ahead of RBC's $826,025.70 first mortgage, and CRA accepts that the mortgagees rank ahead of much of its own claim. Justice Conway has told counsel to settle it or book a date to argue it.
Case update
RBee Aggregate: one stockpile survey against four seasons of Site C gravel
Justice Simard has ordered RMC Construction Materials to pay RBee's receiver $3,663,496.50 for Site C aggregate and $469,687.28 for hauling, plus GST and 12% interest, finding that RMC's overbilling claim depended on a single stockpile survey taken at the end of RBee's last season. RMC filed its second appeal on August 17.
Case update
Sinobec: a worldwide freeze, and the monitor's hand on the cheques
Fifteen months after Sinobec Group sought CCAA protection, its monitor and Bank of Montreal are suing the aluminum trader's founder for CAD 91,222,670.42, have seized his shares and 29 Québec properties before judgment, and hold a freeze over his companies in ten countries. On August 27 PwC asked the court to rule that $410,548 of the companies' payments are outside the ordinary course, to put a Montréal building's sale proceeds in trust, and to hold the group to cash-neutral spending until an interlocutory hearing set for January 2027.
Filing brief
TechCity Canada: twelve items the bank asked for, and a receiver
Justice Dunphy appointed msi Spergel inc. receiver of a Scarborough computer retailer and the numbered company that owns its building on August 28, on Royal Bank of Canada's application over more than $2.2 million demanded in February and March, after the debtors' counsel missed two scheduling appointments and with the twelve reporting items the bank asked for in January still outstanding.
Case update
Imperial Tobacco: rewiring the claims machine a year into the payout
Epiq's court-approved framework projects 144,371 claims and $91.9 million in administration costs against the $32.5-billion tobacco settlement. One day short of a year after the plans were implemented, the plan administrators have asked the court to rework the order that governs Epiq — budgets every three months instead of twelve, the 10% cost ceiling gone, and weekly claim tallies locked in for the duration. The Quebec claims window closes August 31.
Rothmans, Benson & Hedges Inc, Imperial Tobacco Canada Limited
Outcome brief
Ayurcann: licences to Emblem, debts to a shell, and one pool for creditors
Emblem Cannabis took the Pickering vape and extract maker through a reverse vesting order at $5,004,200, the sale process's minimum overbid, after stalking horse Auxly declined to bid at auction; on August 26, 2026, Justice Cavanagh consolidated the parent and a 2024 merger shell into one estate, with $2,795,000 held by the Monitor against approximately $19.6 million in filed claims.
Case update
Cacoeli: the OSC's receivership test survives, and Centreville is sold
On August 27, 2026 the Supreme Court of Canada refused Cacoeli leave to appeal 2025 ONCA 654, leaving the OSC able to obtain a s. 129 receiver on a serious concern of possible breaches rather than a strong prima facie case. Eight days earlier the receiver had closed the last of three apartment sales, 60 Centreville Street in Kitchener.
Case update
Deckmart: paying RBC, and taking its security over North Bay
Forecast in June to hold $780,829 by mid-August, the Vaughan decking supplier held $2,063,274, and on August 27 Justice Cavanagh extended its proposal deadline to October 13 and let it pay out about $730,500 owed to RBC under its guarantee of a sister company's debt, in exchange for the bank's security against that company.
Outcome brief
Entourage Health: the Aylmer licences go by reverse vesting order
Five bids came out of a 131-party canvass, and on August 27, 2026 Justice Cavanagh approved the highest, a share subscription by 1000460405 Ontario Inc. that keeps the cannabis licences inside the companies, leaves most of the equipment and the bulk flower behind, carries releases that reach pre-filing excise and GST/HST claims, and extends the stay to October 30 while Health Canada is asked to approve the change of control.