Morgrove Holsteins Ltd.

Morgrove Holsteins Ltd. was placed into court-appointed receivership on June 12, 2026 by the Ontario Superior Court of Justice under section 243 of the Bankruptcy and Insolvency Act, court file CV-26-00000193-0000. The Bank of Nova Scotia, the first-ranking secured lender, holds a 2016 mortgage in the principal sum of $1,500,000 registered against the farm property at 461 Highway 54, Brantford, together with a ScotiaFlex For Agriculture facility comprising a $989,000 term loan, a $481,000 credit line and a $20,000 Visa, and unlimited personal guarantees from Arthur (estate), Robert and Mark Morbrook. The Receiver's first report records Bank indebtedness of $1,152,866 as at June 12, 2026. Farm Credit Canada, AGCO Finance Canada Ltd and Royal Bank of Canada hold PPSA registrations, the RBC registration covering all property, and the County of Brant has certified $3,516.58 in municipal tax arrears as at April 8, 2026. The proceeding remains active.