Muskoka Recovery Inc. and affiliated property owner 2855531 Ontario Inc. were placed into interim receivership on July 31, 2026 on application by Bank of Montreal, owed about $5.5 million, pending determination of a broader application brought by shareholder Corradina Canonaco or further court order.
Muskoka Recovery formerly operated an addiction rehabilitation business from a property owned by 2855531 Ontario in Muskoka. The holding company owns four properties in the region, while Canonaco and Ewa Maria Ricci each hold 50% of both companies. Canonaco invested as a silent partner and pledged personally owned real estate to support financing for the business, while Ricci and Canonaco’s husband, Ralph Canonaco, managed its operations….