Alberta · Receivership (court-appointed)
Affidavit of Jay Penner - Sworn April 21
Affidavit · 21 April 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 filing3 verified
- secured creditorsnote: Personal guarantees (827239 Guarantees) from Poonampreet Kaur, Satnam Singh and Balwinder Singh, to an unlimited amount; interest and legal/enforcement costs continuing to accrue · page: 10 · as of: 2026-04-17 · amount: 2705712.25 · debtor: New Century Greenhouses Ltd., King Greenhouse Ltd., Sunlight Greenhouse Ltd., Universal Greenhouse Ltd., Smart Greenhouse Ltd., Sky Green House Ltd. (jointly and severally) · creditor: Farm Credit Canada · currency: CAD · security: Loan Agreement 827239; 2023 Mortgage dated Dec 19, 2023, registered as Alberta Land Titles instrument 241 092 647, securing loans up to $2,750,000.00 at rates up to 18% per annum
- secured creditorsnote: Personal guarantee (828846 Guarantee) from Balwinder Singh, to an unlimited amount; interest and legal/enforcement costs continuing to accrue · page: 10 · as of: 2026-04-17 · amount: 155126.73 · debtor: New Century Greenhouses Ltd. · creditor: Farm Credit Canada · currency: CAD · security: Loan Agreement 828846 (line of credit), secured by the 2023 Mortgage and the New Century GSA Agreement (general security agreement over all present and after-acquired personal property), registered in the Personal Property Registry as instrument 24012309827
- secured creditorsnote: Personal guarantees (844503 Guarantees) from Poonampreet Kaur and Balwinder Singh, to an unlimited amount; interest and legal/enforcement costs continuing to accrue · page: 10 · as of: 2026-04-17 · amount: 207221.72 · debtor: New Century Greenhouses Ltd. and Sky Green House Ltd. · creditor: Farm Credit Canada · currency: CAD · security: Loan Agreement 844503; 2024 Mortgage dated August 21, 2024, registered as Alberta Land Titles instrument 241 295 547, a second priority charge securing loans up to $255,000.00 at rates up to 18% per annum