Alberta · Receivership (court-appointed)
Origining Application
Application / notice of application · 6 August 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing11 verified · 1 withheld
- applicantROYAL BANK OF CANADA
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2603 17294
- appointeeGlassRatner Restructuring Inc.
- appointee rolereceiver and manager
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985 c B-3, and section 13 of the Judicature Act, RSA 2000 c J-2
- secured creditorsnote: Chinook Indebtedness; plus further accrued and accruing interest, costs and expenses including solicitor and own client full indemnity legal costs. Facilities: $2,800,000 revolving demand, $350,000 non-revolving term, $500,000 revolving term loan, $200,000 credit card (facility limits, not balances). · page: 7 · as of: 2026-08-03 · amount: 3083715 · debtor: Chinook Farms Innovations Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (ALLPAAPP) dated August 8, 2022; first ranking ALLPAAPP secured creditor in Alberta PPR
- secured creditorsnote: PMI Indebtedness; plus further accrued and accruing interest, costs and expenses including solicitor and own client full indemnity legal costs. Facilities: $5,000 revolving demand, $1,531,412.13 revolving term (letters of guarantee), $1,144,936.59 first rate term loan, $25,000 credit card (facility limits, not balances). · page: 7 · as of: 2026-08-03 · amount: 2334163.79 · debtor: PMI Corp. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement - floating charge on land dated January 15, 2008; collateral mortgage in principal amount of $4,000,000 dated January 22, 2013 (registered principal, not balance) charging Lands (Plan 1221979, Block 1, Lot 4); first ranking ALLPAAPP secured creditor in Alberta PPR and first ranking financial encumbrance on the Lands at LTO
- secured creditorsnote: Chinook is also indebted to RBC in the amount of the PMI Indebtedness (CAD $2,334,163.79 stated separately) pursuant to its guarantee of PMI's obligations - not summed here to avoid double counting. · page: 7 · as of: 2026-08-03 · debtor: Chinook Farms Innovations Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee of PMI's indebtedness to RBC
- secured creditorsnote: PMI is also indebted to RBC in the amount of the Chinook Indebtedness (CAD $3,083,715 stated separately) pursuant to its guarantee of Chinook's obligations - not summed here to avoid double counting. · page: 7 · as of: 2026-08-03 · debtor: PMI Corp. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee of Chinook's indebtedness to RBC
- secured creditorsnote: Pro-Line is indebted to RBC as guarantor in the amount of the Chinook Indebtedness (CAD $3,083,715) and the PMI Indebtedness (CAD $2,334,163.79), both stated separately above - not summed here to avoid double counting. Guarantee amounts cited are limited guarantee ceilings, not balances. · page: 8 · as of: 2026-08-03 · debtor: Pro-Line Manufacturing Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee and postponement of claim dated August 8, 2022 (limited to $3,900,000 re Chinook Credit Agreement); guarantee dated November 20, 2012 (limited to $855,000, re PMI Credit Agreement); guarantee dated April 18, 2013 (limited to $4,350,000, re PMI Credit Agreement)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.