March 6, 2023

Filing Type:

Trustee: A&M

Trustee Counsel: Bennett Jones

Applicant: Enzio Holdings Ltd.

Applicant Counsel: Burnet, Duckworth & Palmer



Candre Cannabis Inc., a Sundre, Alberta-based cannabis company, was placed in receivership on March 6, on application by Enzio Holdings Ltd. In 2019, Enzio Holdings loaned $18,600,000 in principal to the company. As at December 31, 2022, the company was indebted to Enzio Holdings in the amount of $23,729,287.56, plus interest and costs. The company has defaulted on the loan, including by failing to make payments when due, and failing to remit amounts owing to CRA. A&M was appointed Receiver. Burnet, Duckworth & Palmer is counsel for Enzio Holdings and Bennett Jones is counsel for the Receiver.

By Dina Milivojevic