May 16, 2018

Filing Type:

Trustee: msi Spergel (ICIN)

Trustee Counsel: Pallett Valo

Applicant: CWB Maxium Financial

Applicant Counsel: Miller Thomson



Mt. Cross Pharmacy, a Hamilton, Ontario-based retail pharmacy, was placed in interim receivership on May 16 on application by CWB Maxium Financial, owed approximately $4.6MM. msi Spergel (ICIN) was appointed interim receiver. On June 14, 2018, the applicant sought and obtained a receivership order appointing msi Spergel (ICIN) as the receiver over the company. The pharmacy's business has been negatively impacted by several developments, including the opening of a competing pharmacy located close to Mt. Cross, as well as the pharmacy's website defaulting to that of the competing pharmacy. Counsel is Pallett Valo for the receiver and Miller Thomson for the applicant.