Saskatchewan · Receivership (court-appointed)
Redline to Receivership Order.pdf
Receivership order · 25 February 2025
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 filing9 verified
- applicantROYAL BANK OF CANADA
- commencement date19 March 2025
- courtCOURT OF KING'S BENCH FOR SASKATCHEWAN
- court file noKBG-SA-00203-2025
- secured creditorsnote: Applicant in receivership proceeding; no balance stated in these pages · page: 1 · debtor: Purely Canada Foods Corp., Purely Canada Kindersley Ingredients Inc., Purely Canada Lands Corp., Above Food Corp., Above Food Brands Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Applicant seeking receivership; security interest referenced but amount not stated
- appointeeGrant Thornton Limited
- appointee roleReceiver
- secured creditorsnote: BNS entitled to enforce security on excluded collateral notwithstanding stay; may later elect to include Residual PC Foods Property via BNS Election Notice; no balance stated · page: 2 · debtor: Purely Canada Foods Corp. (Avonlea Facility/Collateral); Purely Canada Kindersley Ingredients Inc. (Kindersley Facility/Collateral) · creditor: The Bank of Nova Scotia · currency: CAD · security: Security over Avonlea Collateral and Kindersley Collateral (real property, improvements, fixtures, equipment, and related personal property excluding Accounts and Inventory)
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, section 10-15 of The King's Bench Act and section 64(8) of The Personal Property Security Act, 1993