Anonymous Estate Winery Inc. and Steinbeck Farms (NOTL) Inc., Sales Officer Order

Anonymous Estate Winery Inc. and Steinbeck Farms (NOTL) Inc. had a sales officer appointed for their Niagara-on-the-Lake, Ontario-based winery business, including the vineyard where the business is run, on application by Gucciardi Holdings and Annoloc Group, owed approximately $3.5 million.

Gucciardi and Annoloc provided a mortgage to allow the companies to purchase the property in 2021. This initial loan was renewed in early 2023 and a second mortgage loan was also entered into shortly thereafter. The companies have failed to repay the loans on maturity and subsequently to make certain fixed payments.

Gucciardi and Annoloc initially sought to have a receiver appointed, but the parties ultimately settled on the terms of the sales officer order, with Albert Gelman appointed as sales officer.

Counsel is Paliare Roland for Gucciardi and Annoloc and Tyr for the companies.