British Columbia · Receivership (court-appointed)
First Report of the Receiver dated October 9, 2026
Court officer report · 9 October 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 filing12 verified
- secured creditorsnote: Approximate total under the Operating Line and Term Loans (MEWI Credit Agreement May 5, 2021; MVI Credit Agreement March 27, 2025); interest and costs continue to accrue. Primary senior secured creditor; applicant for the receivership. Demands and s.244 BIA notice issued Jan 27, 2026. · page: 10 · as of: April 1, 2026 (date of Receivership Order) · amount: 6606525 · debtor: Maverick Estate Winery Inc. and Maverick Vineyards Inc. · creditor: Royal Bank of Canada · currency: CAD · security: GSAs dated April 27, 2020 (MEWI and MVI); cash collateral agreement dated Feb 9, 2022 (MEWI); first mortgage and assignment of rents dated April 27, 2020 (MVI) against the Winery; first mortgage dated June 4, 2021 (MVI) against the Crux Vineyard; cross-guarantees of MEWI and MVI; guarantees from the two Personal Guarantors (former minority shareholders/directors). BD&P security opinion confirms valid and enforceable security, subject to standard assumptions and qualifications.
- secured creditorsnote: Related party: shareholder loans from the Debtors' directors and shareholders (approximately $7.21 million; report's total elsewhere is $7,210,036). Initial advances under shareholder loan agreement dated April 27, 2020. Subordinate to RBC. Receiver's counsel has not completed a review of validity, enforceability or priority of this security. · page: 11 · as of: April 1, 2026 (date of Receivership Order) · amount: 7210000 · debtor: Maverick Estate Winery Inc. and Maverick Vineyards Inc. · creditor: Robert Shaunessy and Barbara Shaunessy · currency: CAD · security: General security interest registered against the Debtors' current and after-acquired personal property
- secured creditorsnote: Receiver understands that no amounts are outstanding to the Agricultural Credit Corporation in connection with the Advance Payments Program. Validity/priority not reviewed by Receiver's counsel. · page: 11 · creditor: Agricultural Credit Corporation · currency: CAD · security: Ongoing security interest registered against all present and future grape crops and proceeds, under the Advance Payments Program (Agricultural Marketing Programs Act (BC))
- secured creditorsnote: Approximate remaining principal balance of a loan. Validity/priority not reviewed by Receiver's counsel. · page: 12 · as of: April 1, 2026 (date of Receivership Order) · amount: 24137 · debtor: Maverick Estate Winery Inc. · creditor: Community Futures Development Corporation of Okanagan-Similkameen · currency: CAD · security: General security interest registered against MEWI's current and after-acquired personal property
- unsecured creditorsnote: Document names no individual unsecured creditors. Approximate figure, unaudited. · page: 12 · as of: April 1, 2026 (date of Receivership Order) · basis: Receiver's review of the Debtors' books and records; owed to various vendors, suppliers and other creditors · amount: 261636 · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- operational summaryThe Receiver has continued operating the Winery Business since its April 1, 2026 appointment, including retaining prior staff and contractors and maintaining licences and insurance. It is irrigating the Crux Vineyard by trucked water because no Water Licence exists, and is now winding down active vineyard management for the winter after the 2026 harvest.
- professional feesnote: Comprises fees of $380,173.50, disbursements of $22,235.54 and taxes of $20,120.45, over 750.53 hours at an average rate of $506.54. The Receiver's counsel BD&P separately billed $95,478.31 (fees $90,388.50, disbursements $543.21, taxes $4,546.60) for March 19 to September 30, 2026, over 139.20 hours at an average rate of $649.34. · party: Receiver (AlixPartners Restructuring Inc., formerly KSV Restructuring Inc.) · amount: 422529.49 · period: March 1 to September 30, 2026 · currency: CAD
- purchaser1605274 B.C. Ltd.
- report date9 October 2026
- report noFirst Report
- sale advisorColliers Macaulay Nicolls Inc.
- sale outcometext: The Receiver seeks court approval of the APS dated September 29, 2026 with 1605274 B.C. Ltd., following a Colliers-run sale process, and a vesting order upon delivery of the Receiver's Closing Certificate. · scope: whole_business · status: pending_approval