Bifano Consolidated Inc. et al., CCAA

Bifano Consolidated Inc. et al., British Columbia companies which operate commercial farming operations, obtained CCAA protection on February 20, on application by BNS, owed approximately $36.5 million.

The companies have been in default of the BNS loan since 2022 and BNS has been forbearing on exercising its rights since then. However, the companies have been unable to resolve the defaults, restructure or refinance.

A&M is the monitor.

Counsel is Fasken for BNS, Lawson Lundell for the monitor, Dentons for Bifano, and Owen Bird for CWB National Leasing.

By: Dina Milivojevic