Acreage Investments Corp.

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.