Drake’s OVO Brand Hit with $4.6 Million Lawsuit in British Columbia Supreme Court
October’s Very Own (OVO), the global luxury lifestyle, apparel, and entertainment empire co-founded by music superstar Drake, has been hit with a high-stakes multimillion-dollar lawsuit in Canada.
According to a Notice of Civil Claim filed on June 11, 2026, in the Supreme Court of British Columbia (Vancouver Registry), an investment lender is seeking to claw back more than $4.6 million from the brand. The lawsuit alleges that OVO has completely defaulted on its obligations under a complex series of convertible debt agreements signed just last year.
| Feature | Legal & Financial Details |
| Defendant | October’s Very Own ULC (A British Columbia-based unlimited liability company) |
| Plaintiff / Lender | A.R.I. OVO Growth Capital I, LLC |
| Total Initial Notes | $5,234,121.93 (Issued across 5 notes between July 14 and August 5, 2025) |
| Amount Demanded | $4,635,000+ (Remaining balance, interest, and contractual fees) |
| Core Dispute | Breach of convertible debt instruments and non-payment of a mandatory "Make Whole Fee." |
Inside the Financing Agreement: What Went Wrong?
The financial architecture at the center of the lawsuit stems from a series of five-year convertible promissory notes OVO secured in mid-2025 to fund its ongoing global expansion.
According to A.R.I.'s legal team, the "Make Whole Fee" was explicitly negotiated to protect the lender's upside. If OVO decided to pay off the debt early or terminate the contract before the 5-year maturity window, the fee ensured the investors would still receive their projected minimum return.
The plaintiff claims that despite OVO making a substantial lump-sum payment toward the principal balance, the lifestyle brand has failed to clear the remaining millions, leaving them in official default.
Because OVO is registered as an Unlimited Liability Company (ULC) in British Columbia, the corporate structure carries unique legal implications. In a ULC setup, the shareholders can technically be held personally liable for the company's debts if the corporate entity dissolves or fails to satisfy a judgment, making this $4.6 million battle an incredibly critical situation for its executive stakeholders.
OVO has yet to file its official Statement of Defence in response to the allegations.
Credit Photo: Via The Root
