Staffy Canada Inc., NOI

Staffy Canada Inc., an Ontario-based company which carries on business as an online marketplace employing a proprietary digital solution that allows companies in the healthcare and hospitality industries to address and fill labour gaps, filed an NOI on August 1.

The company is a relatively new and unique digital start-up business which has experienced significant liquidity issues. It has no secured creditors but has approximately $5.5 million in unsecured debt, almost $5.4 million of which is owing to CRA for GST/HST arrears.

The cash flow pressures leading to the NOI filing were in large part a product of the COVID-19 pandemic and based on the loss of a payment plan with CRA.

B. Riley Farber is the proposal trustee.

Counsel is WeirFoulds for Staffy and Blaney McMurtry for the proposal trustee.