Softab Technologies Inc., which formerly operated as a pharmaceutical company in Windsor, Ontario, had certain assets placed into receivership on July 15 on application by Motor City Community Credit Union Limited, owed approximately $1 million.

Softab was previously engaged in the development of soft gel capsules and gummies for pharmaceuticals and vitamins.

The company ceased operations in the fall of 2024 and has been in default under the financing with Motor City since September 2024. Motor City demanded payment in October 2024, but the loan has not been repaid.

The property subject to the receivership is limited to the fixtures and assets located at the premises.

BDO is the receiver.

Counsel is Harrison Pensa for Motor City and McTague Law for Softab.