Axtion Climb Inc.

Axtion Climb Inc. is in a receivership, with Grant Thornton Limited appointed receiver of the company on August 23, 2021, pursuant to its security. Business Development Bank of Canada holds a secured claim of $6,320,714.34 against the company's land, building and equipment at 55 Hebron Way, St. John's, and the City of St. John's holds a secured municipal claim of $128,495.06; the Canada Revenue Agency is also listed as a secured creditor for $20,558.76. Without access to the company's accounting records, the receiver listed customer deposits, employee claims and several trade creditors, including GFL Environmental Inc., Newfoundland Power Inc., Bell Aliant, Steers Insurance and Platinum Business Solutions, at nominal placeholder amounts, while reporting $290,669 in shareholder loans, $24,212 owed to Old Town Pizzeria Inc., $3,867 to MNP LLP and $1,563 to Stingray.