2358573 Alberta Ltd.

2358573 Alberta Ltd. remains in a court-appointed receivership commenced August 25, 2025 in Alberta under section 243 of the Bankruptcy and Insolvency Act and provincial judicature legislation. The principal secured creditor and mortgagee is the Business Development Bank of Canada, which holds a mortgage and general security agreement both dated August 4, 2021 over the company's real property and personal property, together with a general assignment of rentals. BDC was owed $4,534,193.86 as at March 17, 2026, exclusive of interest and costs accruing after that date, and a further $752,757.98 as at the same date under the company's guarantees of loans to 2004736 Alberta Ltd. dba Catch of the Week. The Receiver's independent counsel confirmed BDC's security ranks first, subject to normal priority payables. City of Edmonton property tax arrears stood at $49,342.63 as at July 17, 2025. A $131,692.44 construction lien filed by Catch of the Week, a tenant related to a director, was treated by the Receiver as at most unsecured and was discharged by the claimant's counsel on February 4, 2026.