LogoInsolvency Insider Canada
TOPICS
TOPICS

Assets for sale

Commercial List Users' Committee

Court cases

Creditor notices

Events

Firm News

Insights

Interviews

Open Positions

Recent filings

FILING DATABASE
DOCUMENT LIBRARY
AWARDS
EVENTS
DIRECTORY
Search
SUBSCRIBE
paper-plane-tilt
LogoInsolvency Insider Canada
  • Home
  • Posts
  • JointCraft Inc. files NOI under BIA with $10.2 million in liabilities

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

Dina Kovacevic
Dina Kovacevic

Jan 25, 2026

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.

Canada’s insolvency news, in your inbox.

Join 15,000+ readers.

Keep Reading

View more
caret-right

UPCOMING EVENTS

Distressed Private Capital Conference - November 12, 2026

Distressed Private Capital Conference - November 12, 2026

Future Leaders Conference 2026

Future Leaders Conference 2026

Distressed Real Estate Conference - October 21, 2026

Distressed Real Estate Conference - October 21, 2026

LATEST STORIES

PARADIGM HOLDINGS INC. & OBASA-PREMIER SUITES INC. - INVESTMENT / PURCHASE OFFERS INVITED

PARADIGM HOLDINGS INC. & OBASA-PREMIER SUITES INC. - INVESTMENT / PURCHASE OFFERS INVITED

Future Health Technologies Inc. - Stalking Horse Sale Process

Future Health Technologies Inc. - Stalking Horse Sale Process

The $213 million guarantee that wasn't

The $213 million guarantee that wasn't

Frigid Rentals Inc. - Notice of Sale and Investment Solicitation Process

Frigid Rentals Inc. - Notice of Sale and Investment Solicitation Process

Insolvency Insider Canada

Insolvency Insider Canada

Essential Canadian insolvency news, trends and legal updates

EXPLORE

About Us / Contact

Advertise