A lender to October’s Very Own says its dispute with the Drake-founded brand was not resolved by OVO’s August transaction.
A.R.I. OVO Growth Capital I says OVO owed C$5,037,977 as of July 31, 2026 under financing agreements and related charges, according to a statement tied to court filings in Ontario.
A.R.I. also says it did not issue a payoff letter, did not release its claims and received none of the proceeds from the later OVO transaction involving Authentic Brands Group and Vince Holding Corp.
Those are A.R.I.’s claims in an active commercial dispute. They are not a court judgment establishing that every amount is owed.
The financing relationship began with convertible-note funding. A.R.I. says defaults later led to a forbearance agreement and litigation.
The dispute now overlaps with OVO’s new ownership structure.
Authentic acquired 51% of the entity holding OVO’s intellectual property, Drake retained 44% and Vince owns 5%. Vince separately acquired the operating business and licenses the OVO brand back for use in the business.
That structure is why the lender dispute matters. The brand can change operating hands while older contractual claims are still being fought over in court.
A.R.I. says it is continuing to pursue its rights through the Canadian legal process.
The next meaningful update will come from the court record or a negotiated resolution, not from assumptions about who was paid in the August deal.
