Aquila Cedar Products Ltd.

Aquila Cedar Products Ltd. has been in court-appointed receivership in the Supreme Court of British Columbia since December 8, 2025, under court file VLC-S-S-250710. Royal Bank of Canada, the primary secured creditor, obtained the order under s. 243(1) of the Bankruptcy and Insolvency Act and s. 39 of the Law and Equity Act; the Receiver's Notice and Statement dated December 17, 2025 states RBC is owed approximately $7.2 million. Registered PPSA security in British Columbia also stands in favour of equipment and vehicle financiers holding purchase-money interests, among them De Lage Landen Financial Services Canada, Leavitt Machinery Canada, Meridian OneCap Credit and Nissan Canada, and of some thirty blanket all-property registrants, including 11302078 Canada Ltd. o/a Sheaves Capital, Valiant Mortgage Inc., Merchant Capital Group LLC, Canacap and numerous individuals, whose balances are not stated. The Canada Revenue Agency and the Minister of Finance are listed with placeholder estimated claims of $1.00 each, pending review of the company's accounting records. The proceeding is active.