November 29, 2022
Crystal Farms Ltd., a Leamington, Ontario-based crop farming business, was placed in receivership on November 29, on application by Xquisite Capital Corp. In 2021 and 2022, Xquisite made various loans to the company. The company defaulted on payment of the loans and, as of August 16, 2022, owed over $4.1 million on the loans collectively. In addition to the monetary defaults, the company has let insurance lapse on certain personal property. MNP was appointed receiver. Scott Petrie is counsel for Xquisite.
By Dina Milivojevic