Drake’s OVO company is being sued in British Columbia over millions of dollars that a lender says remain unpaid.
OVO Growth Capital I, LLC, identified in the litigation as A.R.I., has filed a lawsuit in the Supreme Court of British Columbia against October’s Very Own ULC, the lifestyle, apparel, and entertainment company co-founded by Aubrey “Drake” Graham, Oliver El-Khatib, and Noah “40” Shebib.
The complaint seeks about $4.6 million allegedly due, plus default interest, legal fees, lender expenses, and enforcement costs. A.R.I. claims OVO defaulted under financing agreements, acknowledged the debt in writing, made a partial repayment, and later disputed that more money was owed.
According to the complaint, A.R.I. provided OVO with financing in 2025 through a senior secured credit facility and five convertible promissory notes totaling about $5.2 million in principal.
The lender says OVO received a formal Notice of Default on Feb. 27, 2026. The companies later entered a Forbearance Agreement on March 20, 2026, in which A.R.I. alleges OVO acknowledged continuing defaults and agreed that the debts were valid and “unconditionally owing.”
A.R.I. says it received about $3.8 million on May 27 from an account listed as “ADG Sound Inc. Management Account,” with the reference “OVO NOTES.”
In a statement released via a press release, A.R.I. said it “approached this transaction in good faith” and plans to “fully enforce its legal rights and protect its investors through the courts.”
The OVO lawsuit comes as Drizzy continues to fight a separate legal battle with Universal Music Group over Kendrick Lamar’s diss track “Not Like Us.” Drake sued UMG, his own label, alleging the company promoted a song that he says spread false and damaging claims about him. A federal judge dismissed the defamation case in 2025, ruling that the lyrics were a “non-actionable opinion” in the context of a rap battle.
Drake has since appealed the decision.
