2618909 Ontario Limited and The Hypoint Company Limited

2618909 Ontario Limited and The Hypoint Company Limited, a group of Toronto-based cannabis companies, were placed in receivership on October 28, on application by Canadian Equipment Finance and Leasing Inc., which has a first-ranking security on the HVAC (heating, ventilation and air conditioning) equipment installed on the premises occupied by the companies, but not the premises themselves. There was no activity at the premises when an officer of the receiver and the applicant attended the premises in April 2022, and the electricity had been cut off because it had not been paid in a long time. In addition, the companies had not provided proof of insurance for the premises. As a result, the applicant was concerned about its collateral and lost confidence in the companies' willingness to address its concerns. msi Spergel was appointed receiver. Counsel is Goldman Sloan Nash & Haber for the applicant, Teplitsky Colson for Chantal Bock, Rothstein Law for the mortgagees of the premises and Fasken for Beverly Rockliffe.