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Aspire - Court Orders
The following Court Orders have been granted in the proceedings:
 Endorsement of Justice Steele |
October 27, 2025 |
| Distribution, Discharge, and Fee Approval Order |
October 27, 2025 |
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This order, inter alia, (a) authorizes the Receiver to make the distributions contemplated therein, including to FCC with respect to the Indebtedness; (b) approves the first report of the Receiver dated September 18, 2025 (the "First Report"), the supplemental report of the Receiver dated September 22, 2025, and second report of the Receiver dated October 23, 2025 (the "Second Report") and the activities of the Receiver as set out therein; (c) approves the Receiver's statement of receipts and disbursements for the period from May 6, 2025, to October 21, 2025; (d) approves the fees and disbursements of the Receiver and the Receiver's counsel, Stikeman Elliott LLP ( "Stikeman Elliott"), as described in the Fee Affidavits appended to the Second Report; and (e) terminates these proceedings and discharges the Receiver from the powers, duties, and obligations attendant to its appointment as Receiver upon serving the Discharge Certificate on the service list; | |
| Amended and Restated Approval and Vesting Order (Amending Approval and Vestng Order dated September 23, 2025) |
October 27, 2025 |
| This order amends the Approval and Vesting Order granted by this Court on September 23, 2025 to, among other things, remove the Option as a "Permitted Encumbrance". | |
| Endorsement of Justice Steele |
September 23, 2025 |
| Approval and Vesting Order (Asset Purchase Agreement) |
September 23, 2025 |
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The Approval and Vesting Order, inter alia, (a) approving the asset purchase agreement between the Receiver, as vendor, and Halali Group Holdings Ltd., as purchaser ("Purchaser") dated August 28, 2025, as amended on September 18, 2025 (and as may be further amended, the "Asset Purchase Agreement") and the transaction contemplated therein (the "Transaction"); (b) vesting in the Purchaser the right, title and interest of the Aspire Group, other than Aspire Food Group USA, Inc. (the "Aspire Vendors") in and to the Purchased Assets (as defined in the Asset Purchase Agreement) ; and (c) granting certain related relief. | |
| Order (Appointing Receiver) |
May 6, 2025 |
| An Order pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA") appointing FTI Consulting Canada Inc. ( "FTI") as receiver and manager (in such capacities, the "Receiver") without security, of all of the assets, undertakings and properties of Aspire Food Group Ltd./Le Groupe Alimentaire Asire Ltée ( "Aspire"), Aspire Food Group Canada Ltd./Le Groupe Alimentaire Aspire Canada Ltée ( "Aspire Canada"), 11850407 Canada Inc. ( "118 Canada"), 8679398 Canada Inc. and Aspire Food Group USA, Inc., ( "Aspire USA" and, together with Aspire, Aspire Canada, 118 Canada and 867 Canada, the "Aspire Group") acquired for, or used in relation to a business carried on by the Aspire Group. | |
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