Atlantic Sea Cucumber Ltd., NOI

Atlantic Sea Cucumber Ltd., a Halifax, Nova Scotia-based producer of high quality Canadian sea cucumber products, filed an NOI on May 1, listing $6.3 million in liabilities, including $1.6 million to Chinese supplier Weihai Taiwei Haiyang Aquatic Food Co. Ltd. ("WTH"). Sea cucumbers are a type of seafood typically harvested from the cold waters along the Canadian East Coast and are considered a delicacy in many cultures. In April 2020, WTH sold a shipment of dried sea cucumbers to the company which complained about the amount of salt in the sea cucumbers. WTH offered to take the shipment back and pay the cost of the shipment’s return. The offer was refused by the company which kept the shipment. A legal dispute ensued and in February 2023, the Nova Scotia court ordered the company to pay WTH approximately US $986 thousand in damages. Spergel is the proposal trustee. Counsel is Reconstruct and O’Keefe & Sullivan for the company and BoyneClarke for the proposal trustee.