Acreage Investments Corp.
Follow- Proceeding
- Bankruptcyparagraph 50.4(8)(b.1) of the Bankruptcy and Insolvency Act
- File
- 21223
Acreage Investments Corp. has been in bankruptcy under the BIA since April 10, 2017, with MNP Ltd. as trustee in the District of Newfoundland and Labrador under court file no. 21223. The estate remains active. The Statement of Affairs (Form 78) prepared as at the date of bankruptcy put total assets at $1,086,545.17 against total liabilities of $1,939,643.09, a stated deficiency of $853,097.92, with no preferred creditors and no contingent or other liabilities listed. Secured claims are asserted by the Business Development Bank of Canada - Atlantic for $395,000.00 over nine lots at Ocean Pond, and by Cyril Churchill and Susan Williams for $200,000.00 each and 73191 Newfoundland Ltd for $90,000.00 over building and land on Farm Road. The largest unsecured claim is $914,746.00 owed to 10804 NL Ltd., followed by $119,588.68 to the Receiver General.
Court officer report filed, recording April 10, 2017 as the date of bankruptcy for Acreage Investments Corp. under court file no. 21223.
Source: Certificate of Assignment
A second court officer report was filed, also carried on the record at the April 10, 2017 date of bankruptcy; its contents are not recorded.
Debtor
Acreage Investments Corp.
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada - Atlantic · in 13 casesReal Property or Immovable - Land - Ocean Pond - 9 lots — debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $395K | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | Cyril ChurchillReal Property or Immovable - Building and Land - Farm Road — debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $200K | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | Susan WilliamsReal Property or Immovable - Building and Land - Farm Road — debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $200K | Notice of Bankruptcy and First Meeting of Creditors |
| 4 | Secured | 73191 Newfoundland LtdReal Property or Immovable - Building and Land - Farm Road — Estimated value of security $90,000.00; estimated surplus $110,000.00 — debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $90K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | 10804 NL Ltd. · in 4 casesdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $915K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Receiver General · in 75 casesCrown claim; not specified whether deemed trust/preferred in this list — debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $120K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Town of Portugal Cove - St. Phillipsdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $11.6K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Altus Group Limited · in 6 casesdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $8.35K | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Dept of Environment & Conservationdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $200 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | New Found Web Solutionsdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $160 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Moscowitz Capital Management Inc.debtor: Acreage Investments Corp. · as of 10 Apr 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Kent (St. John's) · in 10 casesdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | Bank of Montreal · in 279 casesdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
| 8 | Unsecured | TD Bank · in 29 casesdebtor: Acreage Investments Corp. · as of 10 Apr 2017 | $1 | Notice of Bankruptcy and First Meeting of Creditors |
As at 10 Apr 2017 · per Statement of Affairs (Form 78), as stated and estimated by the officer · Acreage Investments Corp. (single entity) — Deficiency of $853,097.92 stated on Statement of Affairs; List C (Preferred Creditors) and List D (Contingent/Other Liabilities) both nil
| Date | Document | File |
|---|---|---|
Trustee’s Report on Preliminary Administration
| ||
Notice of Bankruptcy and First Meeting of Creditors
| ||
Certificate of Assignment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Acreage Investments Corp.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/acreage-investments-corp