Bad Monkey Popcorn Inc., Receivership

Bad Monkey Popcorn Inc., a Québec-based company that makes snacks including chips, pretzels and popcorn, was placed into receivership on October 7 on application by TD Bank, owed approximately $1.3 million.

The company has defaulted on the terms of its loan from TD Bank, including by failing to provide required financial disclosures, breaching certain covenants and receiving a termination notice from its landlord for non-payment of rent (with over $300 thousand currently owing).

Richter is the receiver.

Counsel is BLG for TD Bank.