Sale processes across Canada
964 processes in active matters · 12 taking bids · court-supervised sales, as the filings state them
The market, drawn to scaleThe market
Each slice is one stage, drawn to scale — 964 processes in matters still open, in the order a sale travels. Cobalt deepens as a process advances; grey is concluded; the hatch is a process no filing has staged.
What each sale went for is for subscribers — the stated price, beside the purchaser. The stages, the counts and who bought are open to everyone.
By stageMarketed (24)Process approved (101)Bid selected (7)Approval pending (127)Approved (366)Back-up bid (1)Liquidating (35)Closed (232)Did not complete (15)No acceptable bid (13)Terminated (3)Stage not stated (40)
Taking bids nowTaking bids
The calendarBid deadline
Portwood Development 3 Limited Partnership, Portwood Development 3 GP Ltd., Portwood Development 4 Limited Partnership, Portwood Development 4 GP Ltd Process approved
British Columbia · source · in 2 filings
Bid deadline
Northvolt Batteries North America Inc. et al. Process approved
Quebec · Raymond Chabot Inc. · source · in 2 filings
Bid deadline
Sonic Enclosures Ltd. Process approved
British Columbia · source · in 2 filings
Bid deadline
Pyxis Customer Solutions XII Ltd. Stage not stated
Alberta · GlassRatner Restructuring Inc. · source · in 2 filings
Bid deadline
Luxor Land Ltd. Process approved
Alberta · JLL Capital Markets · source
Bid deadline
Seafood 2000 Ltd. Process approved
Prince Edward Island · Resolve Advisory Services Ltd. · source
Bid deadline
Allumiqs Solutions inc. and Allumiqs Corporation Process approved
Nova Scotia · source
Bid deadline
Western Potash Corporation Process approved
British Columbia · FTI Consulting Canada Inc., FTI Capital Advisors Canada ULC · source · in 3 filings
Every date is the one a filing states, and links to that filing.
| Case | Stage | What is selling | Purchaser | Price | Advisor | Last activity ▲ |
|---|---|---|---|---|---|---|
| Horseshoe Valley Lands Ltd.Ontario | Closed | Asset salethe Easement Lands | Horseshoe Valley Developments (2018) Inc. | — | Cushman & Wakefield | 19 Nov 2021 |
| Censorio GroupBritish Columbia | Approved | Real propertyall unsold residential and commercial units | Synvest Equities Ltd.1 of 36 sales | ••• | Oakwyn Realty+2 more | 20 Nov 2021 |
| AP1 Inc.Ontario | Process approved | — | — | — | HPI Advisory Inc. | 23 Nov 2021 |
| Hydrx Farms Ltd.Ontario | Bid selected | Share saleall of the right, title and interest in and to the New Shares | Cobra Ventures Inc. | — | Schwartz Levitsky Feldman Inc.+1 more | 23 Nov 2021 |
| Quinsam Coal CorporationBritish Columbia | Process approved | Asset salethe Settlement Agreement, as attached as Appendix "A" to the Supplemental Report | — | — | — | 1 Dec 2021 |
| Edge on Triangle Park Inc. et al.Ontario | Approved | Real propertyParking Spots at the Curve building | —1 of 10 sales · 4 closed | ••• | Brad J. Lamb Realty Inc.+3 more | 3 Dec 2021 |
| Direct Oil and Gas IncAlberta | No acceptable bid | Asset salethe Trustee and Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 2060547 Alberta Ltd.1 of 4 sales · 2 closed | Sealed | — | 6 Dec 2021 |
| Station Point Developments Ltd.Alberta | Approved | Real propertyassets described in the Sale Agreement (the "Purchased Assets") | Arris Homes Ltd. | Sealed | JLL | 14 Dec 2021 |
| Junction Craft Brewing Inc.Ontario | Bid selected | Share salethe New Class A Shares | 1000003509 Ontario Limited | ••• | Leveredge Assets Solutions Inc.+1 more | 30 Dec 2021 |
| H12 Brands Inc. and 11157337 Canada Corp.Ontario | Closed | Asset salethe Purchased Assets (as defined and described in the Purchase Agreement) | MPX International Corporation | ••• | ATB Capital Markets Inc. | 6 Jan 2022 |
| Western Oilfield Equipment Rentals Ltd.Alberta | Approval pending | Auctionthe Debtor's right, title and interest in and to the assets subject to the Sale Agreement (the 'Property') | McDougall Auctioneers Ltd. | Sealed | McDougall Auctioneers Ltd. | 18 Jan 2022 |
| Cannoleum Inc.Ontario | Approved | Real propertythe Debtor's right, title and interest in and to the real property legally described in Schedule 'B' hereto and municipally known as 194 Woolverton Road, Grimsby, Ontario | Woolverton Road Holdings Limited1 of 3 sales | Sealed | CBRE Limited | 20 Jan 2022 |
| Pure Global Cannabis Inc.Ontario | Closed | Asset salethe Respondents' right, title and interest in the Purchased Assets | TS Pharmaceutical Ltd.1 of 5 sales | Sealed | Avison Young Commercial Real Estate (Ontario)+1 more | 27 Jan 2022 |
| Société en commandite Tilly de Laval et Promotions Anne Delisle inc.Quebec | Approved | Real propertyles actifs décrits dans la Convention d'achat («les Actifs achetés») | Ville de Laval | ••• | — | 4 Feb 2022 |
| 2127712 Alberta Ltd.Alberta | Marketed | Assets and sharescertain lands, together with all of the 212 AB Ltd.'s rights, title and interest in the buildings, fixtures and improvements located on such lands ... and all of 212 AB Ltd.'s assets and business of the self-storage business known as Riverside Storage described in Schedule 'B' to the Purchase Agreement (the ' Business Assets ') | Bluebird Core Associates Ltd. | Sealed | MNP Ltd. | 2 Mar 2022 |
| Red Eagle Mining CorporationBritish Columbia | Approval pending | Share salethe Fernando Claim | Orion Fund JV Limited and Liberty Metals and Mining Holdings LLC1 of 4 sales | ••• | — | 14 Mar 2022 |
| Audible Capital Corp.Ontario | Closed | Share salethe shares of SEC and certain loans (totalling approximately $20 million) owing to Audible by SEC | Petr Svobda, Gregory Finger and Zdenek Bakala1 of 7 sales · 2 closed | ••• | Ken Stickney+1 more | 13 Apr 2022 |
| Maple Medi Pharma Inc., River Hill Pharmacy Inc., Westway Holdings Inc., Toronto Apothecary Pharma Inc., St. Mary Theotokos Pharmacy Inc., Bless Hui Pharma inc., Stoney Creek Pharma Inc., Olde Walkerville Holdings Inc., JM Westview Pharma Inc., SJ East Pharma Inc., St. Mary Cooksville Pharma Inc., 4231 Sheppard Avenue East Inc., Jubilee Property Investors Inc., JG Windsor Inc., Abu Seifein Brimley Pharma Inc. and Sigma Healthcare Inc.Ontario | Approved | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | Guide Pharma Inc.1 of 17 sales · 5 closed | ••• | Avison Young+3 more | 13 Apr 2022 |
| Ontario Tire StewardshipOntario | Approvedper the transactions | Asset salethe Source Code Purchase Agreement dated April 9, 2021 | CentriLogic Inc | Sealed | — | 14 Apr 2022 |
| The Winning Combination Inc.Manitoba | Approval pending | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement | Kaizen Nutrition Ltd. | — | McDougall Auctioneers Ltd. | 20 Apr 2022 |
| Metro Group of CompaniesAlberta | Approval pending | Auctionthe Equipment | —1 of 4 sales · 2 closed | ••• | Corporate Assets Inc.+5 more | 27 Apr 2022 |
| Mill Street Ventures GP Ltd.Ontario | Process approved | — | — | — | — | 28 Apr 2022 |
| Leading Edge Geomatics IncQuebec | Process approved | — | — | — | — | 13 May 2022 |
| Medifocus Inc.Ontario | Approved | Subscriptionshall subscribe for new shares of Medifocus, to be paid by way of a credit bid of the secured indebtedness of the Purchaser, via private placement | Asset Profits Limited | ••• | msi Spergel Inc. | 18 May 2022 |
| Breakthrough Entertainment Group of CompaniesOntario | Closed | Asset salethe Purchased Assets | 1000041001 Ontario Ltd. on behalf of Spike & Sadie Media Limited Partnership 10000414121 of 2 sales · 1 closed | ••• | — | 10 Jun 2022 |
| Aires de Service Québec (Société en commandite)Quebec | Approved | Asset saleles actifs décrits dans la Convention de vente (les « Actifs achetés ») | — | Sealed | — | 13 Jun 2022 |
| Trinity Centres CambridgeOntario | Approvedper the transactions | Real propertythe assets described in the Sale Agreement (the ' Purchased Assets ') | 1000204128 Ontario Inc. | — | — | 13 Jun 2022 |
| CLL Capital Corp. et al.Alberta | Approved | Asset salethe Purchased Assets | —1 of 3 sales · 1 closed | Sealed | Ritchie Brothers Auctioneers+1 more | 16 Jun 2022 |
| Migu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc., et alBritish Columbia | Closed | Asset salesale of Miniso Chile, Peruvian Miniso assets, and Argentinian assets | —1 of 6 sales · 3 closed | ••• | Oakmont Real Estate Services+1 more | 12 Jul 2022 |
| Vertex Downhole Ltd.Alberta | Process approved | Asset saleall rights and obligations of the Receiver and Vertex Downhole Ltd. ('Vertex') arising or accruing from and after the Closing Date ... under the agreements listed at Schedule 'A' hereto (the 'Assigned Agreements') | 2435819 Alberta Ltd. | Sealed | MNP Ltd. | 21 Jul 2022 |
| BlackRockMetalsQuebec | Closed | Asset saleall right, title and interest in and to the Purchased Shares | OMF Fund II H. Ltd.1 of 4 sales · 1 closed | ••• | Deloitte Restructuring Inc. | 22 Jul 2022 |
| North American Fur Auctions Inc.Ontario | Closed | AuctionCertain intellectual property and business assets (e.g. computers and other assets necessary to support a fur auction business) | —1 of 10 sales · 4 closed | Sealed | CBRE Limited+2 more | 22 Jul 2022 |
| Rbee Aggregate Consulting Ltd.Alberta | Liquidating | —the Auction | —1 of 4 sales · 2 closed | Sealed | FTI Consulting Canada Inc.+1 more | 3 Aug 2022 |
| Choom Holdings Inc., Choom BC Retail Holdings Inc., Phivida Holdings Inc., 2151414 Alberta Ltd. and 2688412 Ontario Inc.British Columbia | Approved | Asset salethe assets described in the Purchase Agreement (the 'Purchased Assets') | High Tide Inc.1 of 2 sales · 1 closed | ••• | — | 25 Aug 2022 |
| Triumph Development HK Bradford Twin Regency Inc.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title, benefit and interest in the assets described in the Sale Agreement | 2792523 Ontario Inc. (in Trust) | — | — | 14 Sep 2022 |
| Elcano Exploration Inc., Elcano Exploration Ltd. & Elcano Energy PartnershipAlberta | Process approved | Asset salethe sale of the Manitoba Assets ... and all agreements related to and necessary for the operation of the Manitoba Assets | 10101906 Manitoba Ltd.1 of 3 sales · 2 closed | ••• | ARCO Capital Partners Inc. | 5 Oct 2022 |
| 1150165 BC Ltd -ChartwellBritish Columbia | Approval pending | Real propertythe Purchased Assets | Pei Hong Nie | ••• | Virani Real Estate Advisors | 6 Oct 2022 |
| Kanwal INC. AND 9058-0150 QUEBEC IncQuebec | Process approved | Asset salela quasi-totalité des actifs de Kanwal | Ekip Innovations Inc. | Sealed | — | 20 Oct 2022 |
| Agence de Voyage Drummond Inc.Quebec | Approvedper the transactions | Asset salethe assets described in the Purchase Agreement (the "Purchased Assets") | Voyages Superstore Quebec Inc. | Sealed | — | 9 Nov 2022 |
| 2589504 Ontario Inc.Ontario | Closed | Real propertythe Purchased Assets described in the Sale Agreement as listed on Schedule 'B'... including the real property municipally known as 100 Sheppard Ave. West, Toronto, Ontario | 1000105943 Ontario Inc. | — | — | 10 Nov 2022 |
| 9017739 Canada Inc. (formerly Wirkn Inc.)Quebec | Closed | Asset salethe Purchased Assets | 1000330141 Ontario Inc. | ••• | Mazars | 15 Nov 2022 |
| Westoak Naturals Inc.Ontario | Process approved | Asset salePurchased Assets (as defined in the Stalking Horse Agreement) | Avena Foods Limited | — | — | 15 Nov 2022 |
| Paris Kitchens (The Sanderson-Harold Company Limited)Ontario | Closed | Real propertythe Railway Property, including the fixed assets and equipment (the 'Purchased Assets') | 248 Ontario1 of 6 sales · 4 closed | ••• | KSV Advisory Inc.+2 more | 22 Nov 2022 |
| 2806401 Ontario Inc. d/b/a Allied Track Services Inc.Ontario | Closed | Auctionsubstantially all of the Company's owned equipment, machinery, vehicles and tools (the 'Equipment') and certain of the Company's leased assets (the 'Leased Assets') | —1 of 4 sales · 3 closed | ••• | Corporate Assets Inc. | 29 Nov 2022 |
| Shamrock Valley Enterprises Ltd.Alberta | Did not complete | Auctionthe Option Units (Scraper 817 and Scraper 819) pursuant to the purchase option in the Scraper Agreements | Delta Valley Landscaping & Lawn Services Ltd.1 of 6 sales · 3 closed | ••• | Century21 Allstars Realty Ltd.+2 more | 30 Nov 2022 |
| Canadian Beaver Brewing and Distillery Company Ltd.Alberta | Approved | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement | 2468659 Alberta Ltd.1 of 2 sales · 1 closed | Sealed | A. Farber & Partners Inc. | 12 Dec 2022 |
| 11095234 Canada Inc. (formerly VOTI Inc.) and 11087681 Canada Inc. (formerly VOTI Detection Inc.)Quebec | Approval pending | Asset saleall of the Debtors' tangible and intangible assets, with the exception of cash and certain accounts receivable | Bidder A | Sealed | Stifel Nicolaus Canada Inc. | 19 Dec 2022 |
| Robus Resources Inc.Alberta | Back-up bid | Share salethe Purchased Shares and Retained Assets | Robus Equity Acquisition Corporation | — | Alvarez & Marsal Canada Inc. | 12 Jan 2023 |
| Manoir Du Lac – Eldercare in McLennan, ABAlberta | Process approved | — | — | — | Ernst & Young Orenda Corporate Finance Inc. | 17 Jan 2023 |
| Nilex Inc. and Nilex USA Inc.Alberta | Closed | Asset salethe U.S. Assets | Hanes Companies, Inc.1 of 4 sales · 2 closed | Sealed | Valitas | 30 Jan 2023 |
What a process looks likeBenchmarks
Measured across the recordThe funnel, median
77 → 16 → 3
parties solicited → NDAs signed → bids received, over 409 processes that stated all three
Approval to closing
15 days
median, over 316 transactions that state both dates
Did not complete
9%
247 of 2,868 transactions ended without a sale
Price disclosed
21%
24% sealed by order; the rest simply never stated
Who runs these salesWho runs them
Named in the filings- Colliers48
- CBRE Limited40
- McDougall Auctioneers Ltd.28
- Avison Young26
- Ernst & Young Inc.22
- Deloitte Restructuring Inc.20
- FTI Consulting Canada Inc.18
- Ritchie Bros. Auctioneers17
- MNP Ltd.16
- Ernst & Young Orenda Corporate Finance Inc.15
- Grant Thornton Limited15
- Cushman & Wakefield14
Mandates in matters still open, counted once per sale however many filings name the firm. 514 advisors appear in the record; these are the 12 with the most.