Stretch Construction Ltd., NOI

Stretch Construction Ltd., a Red Deer, Alberta-based company in the commercial, residential and agricultural construction sectors, with operations and offices in Kelowna, British Columbia, filed an NOI on April 1 listing approximately $9 million in liabilities.

Stretch owns several real estate assets in Lacombe County, Alberta, along with various equipment and fleet vehicles.

The company experienced financial difficulties stemming from the general issues affecting margins on projects in the construction industry, as well as an inability to repay a significant amount of interest owed on its debts.

Grant Thornton is the proposal trustee.

Counsel is Parlee McLaws for the company and Carscallen is counsel for the proposal trustee.