Warehouse Brewing Company Inc.

Warehouse Brewing Company Inc. became bankrupt on December 1, 2022 under the Bankruptcy and Insolvency Act, with MNP Ltd. acting as Licensed Insolvency Trustee in the Court of King's Bench of Saskatchewan under file numbers 11-2890451 and 22-2890451. The Statement of Affairs reported assets of $181,001.00 — accounts receivable of $16,000.00, cash of $50,000.00, machinery and equipment of $115,000.00 and inventory of $1.00 — against liabilities of $3,256,340.13, comprising $175,674.85 secured, nil preferred and $3,080,665.28 unsecured. Canadian Western Bank holds a registered security agreement over specific assets and all personal property, confirmed by a PPR search on November 2, 2022, and has remitted $43,391.44 of cash on deposit to the Trustee. Four proofs of claim totalling $985,334.05 have been filed, including a $19,844.44 preferred claim by landlord Warehouse Properties Ltd. for three months' unpaid rent. Employee priority claims under section 81.3(1) are estimated at $11,483.63 and are being administered through the Wage Earner Protection Program. The proceeding remains active.