Insights
The archive, newest first — posts 76–100 of 249. The 8 most recent are on the front. ← The newest analysis
Filing brief
Leato Enterprise: one tenant left across two Queen Street West buildings
Bank of Montreal, owed $6,019,192.79 on two mixed-use buildings at 507 and 693 Queen Street West, had TDB Restructuring Limited appointed receiver and manager of Leato Enterprise Ltd. on August 24 after Justice Dunphy refused the company's self-represented director and her co-guarantor an adjournment; nine days later the receiver still had no list of creditors.
Outcome brief
San Industries: mills sold, then bankruptcy to release a $1.8 million holdback
Deloitte, running the San Group's CCAA with enhanced powers, sold the Coulson sawmill, two remanufacturing plants and a Langley farm and paid RBC and BDC $21.7 million; on August 19, 2026 it assigned San Industries Ltd. and Coulson Manufacturing 2017 Ltd. into bankruptcy, the step that lets a $1.8 million priority-claims holdback go to the lenders, and the trustee expects nothing for unsecured creditors.
Filing brief
ThoughtWire: the lenders' credit bid and the wage lien ahead of it
ThoughtWire Corp., a Toronto maker of digital-twin software for hospitals, has approval for a four-week sale process led by a stalking horse from a company its two secured lenders formed — a credit bid of about $783,000 in assigned debt, plus up to $300,000 of new interim financing — which the bidder may abandon if more than $100,000 of a $698,518 Crown registration for unpaid wages and vacation pay ranks ahead of its security.
Case update
1075 Nelson: a $91 million letter and a guarantor's defence
A year into Deloitte's receivership of the CURV tower site in Vancouver's West End, the pre-sales are gone, a $1,419,865 permit fee is back and no offer is reported; the receiver asks leave to pay the RBC-led syndicate, owed $92,969,843.93 at October 15, 2025, and answers a guarantor, Brivia Group's Kheng Ly, who says an August 2025 letter of intent at $91 million was let slip.
Case update
AG Dundas: a broker fee does not make an appeal as of right
Pomerance J.A. has held that neither the April 1 sale process order nor the July 10 order terminating a related-party lease at 1024 Dundas Street East, Mississauga, was appealable as of right under s. 193(c) of the BIA, refused leave, and declared that no s. 195 stay ever arose, with the receiver holding agreements of purchase and sale for both properties and a September 21 approval hearing set for one.
Filing brief
Allen-Vanguard: the goods the receiver may not touch
An Ottawa company whose electronics stop remotely detonated bombs from going off went into receivership on September 1 owing US$80,309,624.64 to lenders affiliated with its own owner — and because its inventory is controlled goods under the Defence Production Act, Justice Black borrowed a device from cannabis receiverships to appoint a receiver deemed never to possess it.
Case update
Anwar & Anwar: four names come off the Mareva, one stays
Two years into the receivership of two H&R Block tax-preparation franchisees, Ernst & Young has settled a $1,212,792.55 transfer-at-undervalue judgment with four of the five individuals held liable for it, and on August 21 the court released those four from the Mareva injunction and the disclosure order; the companies' former general manager stays bound by both.
Anwar & Anwar Consulting Inc. and 102050413 Saskatchewan Inc.
Case update
Ashcroft Homes: the Ravines sale and the 130 parking spaces
Two receivers want September 9 approval to sell Ottawa's connected Ravines seniors' residences to Verve Senior Living, on condition of a declaration that David Choo's companies have no entitlement to the garage where they have claimed 130 spaces; at one building the mortgagees are projected to be repaid in full, while next door Central 1 Credit Union is owed $42,206,830.40, more than its sale will gross.
Outcome brief
Maskeen 177: a commitment letter the lender could change until funding
On September 1, 2026, Justice Coval approved a reverse vesting sale of the partly excavated Victory site in Surrey to 1343239 B.C. Ltd. at a redacted price and gave MCAP Financial Corporation judgment for $16,392,045.12, after the borrowers spent the last week trying to redeem on a $79.25 million commitment letter from a numbered Ontario company that the receiver said did not appear to have any active operations.
Case update
Massive Hash Factory: the closing payment that grew
In June Justice Mah approved the sale of CannMart, ANC and Massive Hash Factory to their $1.5 million interim lender for a credit bid plus cash then estimated at $300,000 and $600,000; that cash estimate has since risen, the applicants want the stay run to November 30 while the buyer, which the debtors' parent Simply Solventless Concentrates Ltd. helped fund, raises it, and the CRA has applied to lift the stay protecting sister company Humble Grow Corp.
Case update
Scierie St-Michel: the interim loan dropped at the hearing
Scierie St-Michel and its pellet-plant affiliate SSTM Valorisation du bois asked on August 19 for 45 more days and $1,469,500 of new interim financing, then settled at the hearing for 14 days and no new money, to avoid adding priority debt that an eventual proposal would have to repay; on September 1 they came back for 21 days and $284,500 from their related lender, with no charge attached.
Case update
78 Tisdale: the deposits go to Aviva, the land back to market
Five years into Grant Thornton's receivership of Nascent (Tisdale) Inc. and Nascent (Tisdale) LP, Justice Cavanagh on August 31, 2026 directed $289,800.92 in pre-construction deposits to the deposit surety, Aviva, and approved a Colliers listing that expired without an acceptable offer, as the receiver prepares a renewed sale of a site the Ontario Land Tribunal has approved in principle for 52 townhouses.
Filing brief
Bastian Holdings: the trustee holds the shares, and now the companies
BDO Canada Limited, trustee in the personal bankruptcies of Craig and Kyle Smith of the former Whitewater Concrete group, had itself appointed receiver of eight of their holding and property companies under s. 39 of the Law and Equity Act on August 26, with a first-ranking charge and $500,000 of borrowing power, while the court-ordered sale of a Maple Ridge waterfront plant listed at $25,999,000, which BDC argued the receivership could complicate, stays with its mortgagees.
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
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.
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.