Sunterra Food Corporation, a Calgary, Alberta-based integrated food production and retail business, together with certain affiliated companies, filed for protection under the CCAA on April 15, 2025, listing over $38.4 million in liabilities.

The filing follows several months of financial strain due to elevated feed and labour costs, the destruction of its Trochu Meat Processors Ltd. facility by fire, and litigation commenced in the United States alleging that Sunterra’s U.S. affiliates engaged in a cheque kiting scheme to conceal liquidity shortfalls.

Sunterra will use the CCAA proceedings to stabilize operations and explore strategic restructuring alternatives, including a potential sale of assets.

FTI is the Monitor.

Counsel is Blue Rock Law for the company, Norton Rose Fulbright for the monitor, McCarthy Tétrault for National Bank, Bennett Jones for US lender Compeer Financial, Miller Thomson for FCC, Dentons for AFSC and Lawson Lundell for Brookfield Properties.