Bucephalas Stables Corp. o/a Indie Alehouse Brewing Co.

Bucephalas Stables Corp., operating as Indie Alehouse Brewing Co., has been under a notice of intention to make a proposal since July 7, 2025, filed under section 50.4 of the BIA. Unaudited financial statements as at February 26, 2025 showed total assets of $2,134,709 against total liabilities of $6,717,260, with a net loss of approximately $910,871 for the year then ended; a motion sworn September 10, 2025 puts the company's debt at approximately $6,773,960. Secured claims as at the filing date include $2,994,000 owed to the Business Development Bank of Canada, $817,000 to the Bank of Montreal, $295,068 to Driven Financial Technologies Corporation, an estimated $100,983.07 in provincial beer tax, a $100,000 promissory note held by 27% shareholder 1989678 Ontario Limited, and $10,762 in CRA deemed-trust arrears. The proceeding remains active.