Can-Dairy Inc., a Clarksburg, Ontario dairy company focused on developing the certified grass-fed-organic dairy segment in Canada via the brand, Emerald Grasslands, filed an assignment in bankruptcy on February 18. Albert Gelman is the bankruptcy trustee. By Dina Milivojevic
Curbie Cars Inc. and 2311382 Alberta Ltd. each filed an assignment in bankruptcy on January 20, 2022, listing collective liabilities of $7.5 million, including $3.2 million to Prairies Economic Development Canada and $2.65 to SaskWorks Venture Fund Inc. The companies operated a start-up online car dealership. After not being able to obtain the required volume to become profitable, the companies decided to wind-up the operations. Grant Thornton is the bankruptcy trustee. Counsel is MLT Aikins for SaskWorks Venture Fund Inc. and Dentons for the bankruptcy trustee. By Dina Milivojevic
Halibut PEI Inc., a Victoria, PEI-based company that operates a fish hatchery and grow-out facility, filed an assignment in bankruptcy on January 14, listing approximately $9.5 million in liabilities, including $2.1 million to the PEI government. On its website, the company says it has been successfully raising halibut at its facility in Victoria-by-the-Sea since 2009, using geothermal salt-water wells, and is capable of producing 250,000 juvenile fish per year. The five remaining employees are still being paid, and the trustee's plan is to market the facility and the assets as a going concern in order to find a new operator and owners within the next 30 to 60 days. MNP is the bankruptcy trustee. By Dina Milivojevic
El Bosco Inc., a Toronto, Ontario-based food service company, filed an assignment in bankruptcy on January 10, 2022. Dodick is the bankruptcy trustee. By Dina Milivojevic
Sonact Group Ltd., a Montréal, Québec-based company, was adjudged bankrupt on January 5, on application by Premuda SPA, an Italian maritime freight transportation business. In 2015, Premuda obtained an arbitration award and costs in the UK against the company for demurrage and heating costs which had accrued under a charterparty in connection with Premuda's charter of a vessel to the company to carry a cargo of fuel oil from Kavkaz to Nakhodka, Russia. Following an unsuccessful appeal, the company owed approximately $1.25 million to Premuda. After making various unsuccessful demands for payment and attempting to enforce the arbitration award and costs awards, Premuda brought a bankruptcy application. MNP is the bankruptcy trustee. Counsel is Clyde & Cie Canada for Premuda. By Dina Milivojevic
Avi Life-Lab Inc., a Montreal, Quebec-based full service analytical testing laboratory, was placed into bankruptcy on December 15, 2021, on application by Concentric Agriculture Inc., the company's landlord. The company has repeatedly defaulted on its obligations under the lease and it has failed to pay rent for the months of July, August and September. In addition, in late July 2021, the company's CEO was indicted and arrested in the US for illegally exporting laboratory equipment to Iran. MNP is the trustee. Counsel is BLG for Concentric.
S & C Construction Consultants & Rentals Inc., a Lasalle, Ontario-based company which was in the business of providing new and rehabilitated lighting, hydro and communications infrastructure to both the private and public sectors, filed an assignment in bankruptcy on December 14, listing approximately $2.8 million in liabilities. Spergel (GRIP) was appointed trustee.
Quantum Power Services Inc., a full service electrical company operating in Edmonton, Alberta, filed an assignment in bankruptcy on December 13, 2021, listing approximately $70,000 in liabilities. The Bowra Group is the bankruptcy trustee.
Circo de Bakuza Création S.A., a Montréal, Québec-based production company with a satellite office in Paris, France, filed an assignment in bankruptcy on December 8, 2021, listing approximately $2.2 million in liabilities. The company's productions included the entire set of pre-game shows and opening and closing ceremonies for France's Euro 2016 soccer tournament. It previously filed a proposal which was approved by its creditors in 2019. Raymond Chabot is the bankruptcy trustee.
Urban Security and Resilience Conference and Exhibition Corp. ("Urban"), an Ottawa, Ontario-based company, filed a voluntary assignment in bankruptcy on November 30, 2021. In 2015, Urban, along with the Faculty of Engineering and Design at Carleton University in Ottawa, were responsible for planning the 2017 International Conference and Exhibition on Urban Security and Resilience to be held in Toronto, Ontario. The company entered into various contracts to hold the event, which was proposed to have 1,500 attendees and 80 exhibitors. A dispute between the company, Carleton University and the event planner resulted in the event planner terminating the consulting contract and bringing successful litigation against the company and others. MNP is the bankruptcy trustee.