JointCraft Inc. files NOI under BIA with $10.2 million in liabilities

JointCraft Inc. filed a notice of intention to make a proposal on January 9, 2026 pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act, with Harris & Partners Inc. appointed as proposal trustee.

JointCraft is a Vaughan, Ontario based cannabis producer specializing in hand-crafted pre-rolls, edibles, vape filling, and turnkey fulfillment solutions. Founded in 2021, it operates from the historic CannTrust facility in Vaughan, a 60,000 sq. ft. digital facility and appears to employ over 50 people.

Although the reasons behind the company’s financial difficulties have yet to be disclosed, the creditor notice reveals a significant accumulation of trade payables and shareholder related claims. As of the filing date, JointCraft reported approximately $6.1 million in unsecured liabilities and $4.15 million in secured liabilities owed to a numbered company, for total estimated liabilities of approximately $10.2 million. The unsecured creditor list includes numerous suppliers, service providers, professional firms, cannabis industry counterparties, and government claims. Several large claims are identified as shareholder loans.

Counsel is McCarthy Tetrault for the company and TGF for the proposal trustee.