Coulee Craft Brewing Corp. & 1742550 Alberta Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2001 – 12047
- Industry
- Manufacturing · Food & beverage manufacturing
Coulee Craft Brewing Corp. and 1742550 Alberta Ltd. have Grant Thornton Limited appointed receiver and manager, on the application of Bank of Montreal, which holds a secured claim of approximately $5,331,093 plus interest, fees and costs. Other creditors with registered security at the Alberta Personal Property Registry include 1781230 Alberta Ltd., BlueShore Leasing Ltd. and Roynat Inc. As at the date of appointment, October 13, 2020, the companies' combined assets were recorded at $7,357,441, principally land and building at $4,465,766 and leasehold improvements at $1,104,399. Listed unsecured creditors include 1781230 Alberta Ltd. at $1,153,213.03, ScoBob Investmnts Ltd. at $711,217.00, NRC Corp. at $414,908.82, and CRA - Tax - Prairies at $260,052.47.
The officer filed report no. Second Report. The receivership is substantially complete: the Companies' assets were sold in a turnkey transaction, the Companies were assigned into bankruptcy, and the Receiver seeks approval of a final distribution and its own discharge.
The officer filed report no. First Report. Coulee ceased operating the Brewpub in December 2019; the Receiver is administering the estate, licensing the restaurant space to NRC Corp. for revenue, and has negotiated a court-approval-pending sale of the Property and Coulee Assets to The Campus Corporation Inc.
Debtor
Coulee Craft Brewing Corp. & 1742550 Alberta Ltd.
Receiver
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Burnet Duckworth & Palmer LLP | 5 May 2022 | Application · 5 May 2022 |
| DebtorCoulee Craft Brewing Corp. & 1742550 Alberta Ltd. | Miles Davison LLP | 14 Oct 2020 | Service list · 14 Oct 2020 |
| CreditorBank of Montreal | Cassels Brock & Blackwell LLP | 14 Oct 2020 | Service list · 14 Oct 2020 |
| CreditorCameron and Angela Harris | Davidson & Williams LLP | 14 Oct 2020 | Service list · 14 Oct 2020 |
| CreditorDeborah and Wayne Pallett | Stringam LLP | 14 Oct 2020 | Service list · 14 Oct 2020 |
| CreditorJ. Scott & Janis Crighton and Robert Derochie (Guarantors) | Alger Zadeiks Shapiro LLP | 14 Oct 2020 | Service list · 14 Oct 2020 |
| CreditorJoe Schwark, Jerry & Dianne Kubik | Walle & Quan Law Office | 14 Oct 2020 | Service list · 14 Oct 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal · in 297 casesas of receivership order date — Primary secured creditor; amount is approximate ('approximately $5,331,093') plus interest, fees and costs — debtor: Coulee Craft Brewing Corp. and 1742550 Alberta Ltd. | $5.33M | Notice & Statement of Receiver dated October 23, 2020 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
76 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: no distribution. BMO a distribution · NRC a distribution.EstimatedReceiver's Second Report · 25 Apr 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | a distribution | per the receiver | Receiver's Second Report · 25 Apr 2022 |
| Secured | NRC | — | Estimatedper the receiver | Receiver's Second Report · 25 Apr 2022 | |
| Unsecured | unsecured creditors of the Debtors | — | no distributionconditional | Estimatedper the receiver | Receiver's Second Report · 25 Apr 2022 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans2 engagements · 2 firms — latest: Burnet, Duckworth & Palmer LLP, since the Receiver's First Report and to completion, soughtReceiver's Second Report · 25 Apr 2022
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Burnet, Duckworth & Palmer LLPCounsel to the receiver | since the Receiver's First Report and to completionSought | — | not stated | Receiver's Second Report · 25 Apr 2022 | |
| Grant Thornton LimitedReceiver | since the Receiver's First Report and to completionSought | — | not stated | Receiver's Second Report · 25 Apr 2022 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansAs at ·
Cumulative receipts
$4.82M
As at 25 Apr 2022Receiver's Second Report dated April 25, 2022
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Application returnable May 5, 2022
| PDF · Subscribers | |
Receiver's Second Report dated April 25, 2022
| PDF · Subscribers | |
| Application returnable October 14, 2021 | PDF · Subscribers | |
Receiver's First Report dated October 5, 2021
| PDF · Subscribers | |
Notice & Statement of Receiver dated October 23, 2020
| PDF · Subscribers | |
Service List - October 14, 2020
| PDF · Subscribers | |
| Supplemental Affidavit of M. Madrigga sworn October 13, 2020 | PDF · Subscribers | |
| Affidavit of J.S. Crighton sworn October 9, 2020 | PDF · Subscribers | |
| Affidavit of R.Derochie sworn October 9, 2020 | PDF · Subscribers | |
Brief of the Respondents, Coulee Craft Brewing and 1742550 Alberta Ltd. dated October 9.2020
| PDF · Subscribers | |
| Affidavit of M. Madrigga filed October 6, 2020 | PDF · Subscribers | |
| Affidavit of R. Kay filed October 6, 2020 | PDF · Subscribers | |
| Consent to Act filed October 6, 2020 | PDF · Subscribers | |
Notice of Application filed October 6, 2020
| PDF · Subscribers | |
Statement of Claim filed October 6, 2020
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Coulee Craft Brewing Corp. & 1742550 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/coulee-craft-brewing-corp-1742550-alberta-ltd