Sale processes across Canada
967 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 — 967 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 (128)Approved (367)Back-up bid (1)Liquidating (35)Closed (232)Did not complete (15)No acceptable bid (13)Terminated (3)Stage not stated (41)
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 ▲ |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
| Westoak Naturals Inc.Ontario | Process approved | Asset salePurchased Assets (as defined in the Stalking Horse Agreement) | Avena Foods Limited | — | — | 15 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 |
| Tehama Inc.Ontario | Approval pending | Asset salesubstantially all of the assets of the Company | 14667913 Canada Inc. | ••• | — | 9 Feb 2023 |
| Digitcom Telecommunications Inc.Alberta | Process approved | Asset salethe Purchased Assets (as defined in the Sale Agreement) | Comwave Telecom (2009) Inc. | Sealed | — | 27 Feb 2023 |
| Speakeasy Cannabis Club Ltd. and 10161233 Canada Ltd. and the Bankruptcy of 1399951 BC Ltd.British Columbia | Approved | —the Petitioners' undertakings and properties | 1373482 BC Ltd.1 of 2 sales | — | — | 28 Feb 2023 |
| Victory Nickel Inc.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | Rio Tinto Exploration Canada Inc. | — | — | 8 Mar 2023 |
| Explorer Marine Partners Ltd. and Bluewater Rigging Ltd.British Columbia | Approved | Auctionthe Debtors' assets recovered from the Granville Island and North Vancouver locations (the "Auction Assets") | — | — | Able Solutions Inc.+1 more | 10 Mar 2023 |
| 304768 BC Ltd and Glenmerry Market LtdBritish Columbia | Liquidating | Real propertysale of the Multi-Residential Properties | Trail Townhome Holdings Inc. and Trail Apartment Holdings Inc.1 of 6 sales · 2 closed | ••• | The Bowra Group Inc.+2 more | 24 Mar 2023 |
| Enterra Feed CorporationAlberta | Approved | Subscriptionthe sale transaction (the "Transaction") contemplated by a second amended subscription agreement dated February 22, 2023 | Forage Subordinated Debt LP III | — | — | 31 Mar 2023 |
| Wildflower Brands Inc.British Columbia | Marketed | — | — | — | Ernst & Young Inc. | 1 Apr 2023 |
| Galarneau Entrepreneur Général Inc.Quebec | Approved | Asset saleles Actions souscrites | 9422-8806 Québec inc. | Sealed | — | 4 Apr 2023 |
| The Very Good Food Company Inc.British Columbia | Approval pending | Auctionall of the equipment | Gordon Brothers Canada ULC and New Mill Capital Holdings, LLC1 of 3 sales | ••• | Gordon Brothers Canada ULC and New Mill Capital Holdings, LLC | 12 Apr 2023 |
| FlexITy Solutions Inc. and FlexITy Holdings Inc.Ontario | Process approved | Asset salecertain property as set out therein (as defined under the Stalking Horse Agreement) (the ' Property ') | BHG-BC Holdings Ltd.1 of 2 sales · 1 closed | ••• | B. Riley Farber Inc. | 18 Apr 2023 |
| 3 Sixty Secure Corp. and 3 Sixty Risk Solutions Ltd. – in ReceivershipOntario | Approved | Asset salethe specific client service contracts covering armored courier, ATM, vault in transit, bullion storage, direct shipment, smart safe, cash processing and other related services (the "FSS Contracts") | GardaWorld Cash Services Canada Corporation1 of 7 sales | Sealed | Leveredge Asset Solutions Inc. | 20 Apr 2023 |
| Di Battista Gambin DevelopmentsOntario | Approvedper the transactions | Real propertyPurchased Assets, including without limitation the subject real property identified in Schedule 'B' hereto (the 'Real Property' and together with the chattels and fixtures referenced in the Sale Agreement, collectively, the 'Purchased Assets') | 3406-3434 Weston Road GP Inc.1 of 4 sales | Sealed | — | 9 May 2023 |
| Better Image Collision Inc.Ontario | Approvedper the transactions | Asset salethe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") | 179 Church Street Holdings Inc. | — | — | 16 May 2023 |
| Index Group et alOntario | Process approved | Real property421 Property | Muhammad Saleem | ••• | MNP Ltd. | 5 Jun 2023 |
| MGT Management Inc. & MGT Aggregate Products Inc.Alberta | Approved | Auctionthe Debtors' right, title and interest in and to the assets purchased by such Purchaser at the Auction | —1 of 2 sales | Sealed | McDougall Auctioneers Ltd. | 13 Jun 2023 |
| DecisionOne (Canada)Ontario | Approved | Asset salethe Purchased Assets | STC Lender LP | ••• | KPMG Inc. | 22 Jun 2023 |
| 30 Cedar Holdings inc.Ontario | Approval pending | Real propertythe Real Property | Panoramic1 of 6 sales | ••• | Royal LePage | 27 Jul 2023 |
| Boreal CapitalOntario | Approved | Real propertythe Company's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') | Richard Von Hagen and Cindy Von Hagen1 of 18 sales | — | — | 22 Aug 2023 |
| Perativ General Partnership, Perativ Holdings Limited, Perativ Solutions Inc., Perativ Partnerco Limited and Saratoga ATM Armored Services IncQuebec | Approval pending | — | — | — | — | 24 Aug 2023 |
| La Bicicletta Bicycles, Inc./0371598 B.C. LTD.British Columbia | Approval pending | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | CSL Sports Ltd. | ••• | — | 31 Aug 2023 |
| Go-To Developments Holdings Inc.Ontario | Approval pending | Real propertythe St. Catharines Property | Midroc Holdings Group Inc.1 of 15 sales · 8 closed | ••• | Colliers+2 more | 1 Sep 2023 |
| Groupe Airmedic Inc. & Al.Quebec | Approved | Asset saleles « Actifs achetés » | 15245788 Canada inc.1 of 2 sales | — | — | 1 Sep 2023 |
| Tantalus Labs LtdBritish Columbia | Liquidating | Asset salethe assets described in the Sale Agreement (the ' Purchased Assets ') | Atlantic Cultivation Ltd.1 of 9 sales · 2 closed | ••• | BC Farm & Ranch Realty Corp.+2 more | 18 Sep 2023 |
| Pathway Health Corp. and Pathway Health Services Corp.Alberta | Process approved | Asset salethe property and undertaking described and conveyed in the Stalking Horse APA (the ' Purchased Assets ') | Avonlea-Drewry Holdings Inc. | ••• | — | 2 Oct 2023 |
| Aereus Technologies Inc.Ontario | Process approved | Asset saleall of the Company's right, title and interest in and to the assets described in the APA | 1000608245 Ontario Inc. | — | — | 6 Oct 2023 |
| Kaloom Inc.Quebec | Approval pending | —the Transaction | 15385105 Canada Inc.1 of 3 sales · 1 closed | Sealed | Atlas Technologiques Group | 19 Oct 2023 |
| Living Beachside Development Limited Partnership, Sunny Beach Motel Inc., Port Capital Farms (Beach) Inc., PortLiving Farms (3624 Parkview) Investments Inc., PortLiving Farms (3688 Parkview) Investments Inc. and PortLiving Farms (3648 Parkview) Investments Inc. Beachside Motel, Sunny Beach Motel and Waterfront InnBritish Columbia | Approval pending | Asset salethe Purchased Assets | 1351486 B.C. LTD. | ••• | Colliers | 26 Oct 2023 |
| Tankhouse Development Inc.Ontario | Approvedper the transactions | Real propertythe Debtors' right, title and interest in and to the assets described in the Sales Agreement (the "Purchased Assets") | — | — | — | 2 Nov 2023 |
| Wabi Sabi Brands Ltd.Alberta | Approved | Asset salethe assets described in the Sale Agreement (the 'Purchased Assets') | Bloomex Inc.1 of 2 sales | Sealed | Harris & Partners Inc. | 21 Nov 2023 |
| Damiva Inc.Ontario | Approved | Asset salethe Debtor's right, title and interest in and to the property described as the Purchased Assets in the Purchase Agreement | 1000657239 Ontario Limited | Sealed | — | 29 Nov 2023 |
| AbleDocs Inc. and AbleDocs International LimitedOntario | Approved | Asset salethe assets described in the Asset Purchase Agreement (the "Purchased Assets") | Grackledocs Inc. | — | — | 5 Dec 2023 |
| 12252856 Canada Inc.Ontario | Approval pending | Asset salethe Debtor's right, title and interest in and to the Purchased Assets | MarshallZehr Capital Partners Inc. | — | Avison Young | 5 Jan 2024 |
What a process looks likeBenchmarks
Measured across the recordThe funnel, median
77 → 16 → 3
parties solicited → NDAs signed → bids received, over 410 processes that stated all three
Approval to closing
15 days
median, over 316 transactions that state both dates
Did not complete
9%
247 of 2,875 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 Young27
- Ernst & Young Inc.22
- Deloitte Restructuring Inc.20
- FTI Consulting Canada Inc.18
- Grant Thornton Limited17
- Ritchie Bros. Auctioneers17
- MNP Ltd.16
- Ernst & Young Orenda Corporate Finance Inc.15
- 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.