July 24, 2019
DT Grain, a grain pooling company operating out of Okotoks, Alberta, filed for bankruptcy on July 24, listing $1.1MM in liabilities. The company sold grain to feedlots under contracts that included the delivery of the grain. When bidding on contracts, the company assumed it could backhaul from the drop-off locations to offset transportation costs. In reality, however, the company was unable to schedule the backhauls that it anticipated, leading to higher than expected costs and strains on cash flow. The Bowra Group was appointed bankruptcy trustee.