Sections
Definitions
- CCAA
- The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
- North American Industry Classification System (NAICS)
- The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production- oriented economic concept
Highlights
Date of Proceedings | Company Name | Province | Sector | Monitor | Liabilities (in millions) |
---|---|---|---|---|---|
2022-06-24 | Sproutly, Inc. And Toronto Herbal Remedies Inc. | Ontario | Agriculture, Forestry, Fishing and Hunting | BDO Canada Limited | $6 |
2022-06-17 | Zenabis Global Inc. et al | Quebec | Manufacturing | Ernst & Young Inc. | $128 |
2022-06-03 | Canadian Dehua International Mines Group Inc. | British Columbia | Mining and, Oil and Gas Extraction | FTI Consulting Canada Inc. | $107 |
2022-06-02 | MJardin Group, Inc. | Ontario | Manufacturing | KSV Restructuring | $141 |
2022-05-17 | Roman Catholic Episcopal Corporation of St. John's | Newfoundland and Labrador | Other Services (Except Public Administration) | Ernst & Young Inc. | $15 |
2022-05-16 | Freshlocal Solutions Inc. | British Columbia | Retail Trade | Ernst & Young Inc. | $57 |
2022-04-20 | Hazelton Development Corporation | Ontario | Construction | Grant Thornton Limited | $74 |
2022-04-22 | Choom Holdings Inc. | British Columbia | Management of Companies and Enterprises | Ernst & Young Inc. | $22 |
2022-04-01 | Alderbridge Way Limited Partnership, Alderbridge Way GP Ltd. and 0989705 B.C. Ltd. | British Columbia | Real Estate and Rental and Leasing | The Bowra Group Inc. | $343 |
Filings by regionFootnote *
For more information, see Table 10: Total CCAA Proceedings by Province in Insolvency statistics in Canada—Second Quarter 2022.
Filings by NAICS economic sectorFootnote **
For more information, see Table 11: CCAA Proceedings by NAICS Sectors in Insolvency statistics in Canada—Second Quarter 2022.
Company Name | Sector | Monitor | Outcome | Duration of the Proceeding (in days) | Liabilities (in millions) |
---|---|---|---|---|---|
Silver Streams Houses Inc. | Construction | Grant Thornton Limited | Terminated – no compromise or arrangement sanctioned by the court | 1,140 | $5 |
SunEdison Canadian Construction LP | Utilities | Ernst & Young Inc. | Terminated – no compromise or arrangement sanctioned by the court | 1,449 | $0 |
Canada North et al | Accommodation and food services | Ernst & Young Inc. | Concluded – compromise or arrangement completed | 1,498 | $76 |
Clover Leaf Holdings Company | Agriculture, forestry, fishing and hunting | Alvarez & Marsal Canada Inc. | Terminated – no compromise or arrangement sanctioned by the court | 434 | $207 |
Wayland Group Corp., Maricann Inc. and Nanoleaf Technologies Inc. | Manufacturing | Pricewaterhousecoopers Inc. | Terminated – no compromise or arrangement sanctioned by the court | 723 | $96 |
FIGR Brands Inc. | Agriculture, forestry, fishing and hunting | Fti Consulting Canada Inc. | Terminated – no compromise or arrangement sanctioned by the court | 455 | $204 |
Calgary Oil & Gas Syndicate Group Ltd., Calgary Oil and Gas Intercontinental Group Ltd., T5 SC Oil and Gas Limited Partnership, Calgary Oil and Syndicate Partners Ltd. and Petroworld Energy Ltd. | Mining, quarrying, and oil and gas extraction | Bdo Canada Limited / Bdo Canada Limitée | Concluded – compromise or arrangement completed | 225 | $42 |
McEwan Enterprises Inc. | Retail trade | Alvarez & Marsal Canada Inc. | Terminated – no compromise or arrangement sanctioned by the court | 84 | $25 |
Harte Gold Corp | Mining, quarrying, and oil and gas extraction | Fti Consulting Canada Inc. | Terminated – no compromise or arrangement sanctioned by the court | 70 | $166 |
Kaisen Energy Corp. | Mining, quarrying, and oil and gas extraction | Ernst & Young Inc. | Terminated – no compromise or arrangement sanctioned by the court | 55 | $20 |