On November 21, 2025, Arum Capital Income Fund Inc. (the "Petitioner") made an application to the Court to approve, among other things, the following:
The appointment of Crowe MacKay and Company Ltd. as receiver (the "Receiver") without security, of all assets, undertakings and property of QRD (Graham) Holdings Inc., QRD (Graham) Limited Partnership, and QRD (Graham) GP Inc., (collectively, the “Companies”) pursuant to section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the "BIA") and section 39 of the Law and Equity Act, R.S.B.C. 1996, c. 253; and,
A reverse vesting order approving the asset purchase agreement between the Receiver, as vendor, and the Petitioner, as purchaser, and implementing the transaction contemplated by the purchase agreement, including the sale of all of the shares and all of the Companies' interests in the Purchased Assets (as defined in the Purchase Agreement).
The Court hearing took place on November 27, 2025, upon which the Court granted the relief sought. Copies of the relevant pleadings can be found below.
On December 15, 2025, the Petitioner made an application to the Court to approve, among other things, an amendment to the reverse vesting order made on November 25, 2025. The amendment is to reflect the assignment of the Petitioner's interest in the Purchase Agreement and the Sale Transaction (as defined in the Proposed Receiver's Report to Court dated November 24, 2025) to 1567441 B.C. Ltd. The hearing took place on December 15, 2025 at 9:30am, and the Court granted the relief sought. Copies of the pleadings can be found below.
Notice of Application dated November 21, 2025
Affidavit #1 of Joey Law dated November 20, 2025
Affidavit #1 of Zachary Redekop dated November 21, 2025
The Proposed Receiver's Consent to Act dated November 21, 2025
The Asset Purchase Agreement dated November 24, 2025
The Proposed Receiver's Report to Court dated November 24, 2025
Entered Approval and Reverse Vesting Order dated November 27, 2025
Entered Receivership Order dated November 27, 2025
Notice of Application filed December 15, 2025