Special D Baking Ltd. and Land Assembly Company (Edmonton) Ltd., Receivership

Special D Baking Ltd. and Land Assembly Company (Edmonton) Ltd., Edmonton, Alberta-based companies, were placed into receivership on June 17 on application by Farm Credit Canada, owed approximately $10.5 million.

Special D operates as a wholesale doughnut supplier in Edmonton and Land Assembly Company operates as a commercial landlord to Special D and others.

The companies are in financial distress and have been in default of their loan with FCC for some time. Despite having been granted concessions through forbearance arrangements since late December 2024, the companies have failed to remedy their defaults.

EY is the receiver.

Counsel is Sharek Logan & van Leenan for FCC, McLennan Ross for the receiver and Emery Jamieson for Special D.