Moonlight Systems Inc., Digital Edge Media Inc., and LightVu Inc., Receivership

Moonlight Systems Inc., Digital Edge Media Inc., and LightVu Inc., Edmonton, Alberta-based digital media and event companies, were placed into receivership on August 31 on application by EY, which was appointed interim receiver of the company on March 3, 2023. The interim receiver identified numerous suspicious transactions at undervalue resulting in significant cash outflow from the companies. EY was appointed receiver. Counsel is Torys for Cornerstone Credit Union Financial Group, MLT Aikins for the receiver, McLennan Ross for the Fred North Group of Companies, Dentons for Prairie Centre Credit Union and Mark Silvius, Ogilvie for the ISS, BLG for Servus Credit Union, Duncan Craig for Blake Hassall, Brazeau Seller for DataVisual Marketing and Bryan & Company for certain respondents.

By: Dina Milivojevic