Ontario · NOI
First report of Richter Advisory Group Inc. in its capacity as Trustee under the Notice of Intention to Make a Proposal – dated November 2, 2021
Court officer report · 2 November 2021
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 filing10 verified
- courtSUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file no31-2774500
- appointeeRichter Advisory Group Inc.
- appointee roletrustee
- commencement date15 October 2021
- statutory basisSection 50.4(1) of the Bankruptcy and Insolvency Act
- financial positionnote: Total assets with a book value of approximately $3.8 million as at September 30, 2021, principally comprised of property, plant and equipment. Total liabilities book value approximately $4.2 million as at same date; total liabilities exceeded total assets. · as at: 2021-09-30 · basis: unaudited internal financial statements (book value) · scope: entity - Junction Craft Brewing Inc. · currency: CAD · total assets: 3800000 · total liabilities: 4200000
- operational summaryJunction continues to operate its brewery and taproom business while pursuing a court-supervised Sale Process under NOI proceedings, relying on interim DIP financing to fund ongoing operations given insufficient liquidity.
- report date2 November 2021
- report noFirst Report