Cancom Security Inc., a First Nation-owned security solutions provider, filed a Notice of Intention to Make a Proposal (NOI) on December 5, 2024, in response to ongoing financial difficulties. The company, which has operated for over 50 years and employs approximately 768 people, struggled due to unprofitable acquisitions and rapid expansion. Cancom defaulted on its reporting and financial obligations to TD Bank, leading to a forbearance agreement and the appointment of a Chief Restructuring Officer (CRO). However, liquidity issues persisted, preventing the company from meeting its HST obligations to the Canada Revenue Agency. The NOI aims to restructure Cancom’s balance sheet and establish a long-term financial solution. Dodick Landau was appointed as the proposal trustee. Legal advisors included Reconstruct for Cancom, Dentons for the proposal trustee, and Aird & Berlis for TD Bank.