Alberta · Receivership (court-appointed)
First Report of the Receiver, dated June 1, 2026
Court officer report · 1 June 2026
What we verified from this filing14 verified
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2203-12106
- commencement date17 October 2024
- cash on handnote: Stated in the Interim May 29, 2026 Statement of Receipts and Disbursements. · as at: 2026-05-29 · amount: 9831 · currency: CAD · qualifier: approximately
- disbursementsnote: Only select material expenditures are itemized (e.g., approximately $90,870 to the Destruction Contractor, $67,042 for security/inspections, $63,860 for insurance); no cumulative total disbursements figure is stated. · since: commencement of these proceedings · currency: CAD
- operational summaryThe Receiver has secured, insured, and maintained the Lands (a former licensed cannabis facility) since taking possession, destroyed excluded cannabis assets, and after a marketing process entered into an agreement of purchase and sale conditional on court approval; upon closing and distribution, the Receiver expects to have substantially completed the administration and seeks its discharge.
- professional feesnote: Inclusive of GST on disbursements only; unpaid as of report date. Receiver's legal counsel (Burnet, Duckworth & Palmer LLP) separately incurred approximately $129,594 plus GST for the same period, of which $60,571 has been paid and $69,023 remains outstanding. · party: Receiver (BDO Canada Limited) · amount: 260166 · period: commencement of proceedings through to April 30, 2026 · currency: CAD
- purchaser1598768 Alberta Ltd.
- receipts cumulativenote: Report states the Receiver received approximately $375,000 in funding from ATB via four Receiver's Certificates, but this is a component (ATB funding) rather than a stated total receipts figure. · since: commencement of these proceedings · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Receiver is proposing to distribute the Distributable Proceeds to ATB on account of the ATB Indebtedness (' Proposed Distribution '). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: ATB · claims amount: 2511781 · creditor name: ATB Financial · interim final: unstated · claims qualifier: asserted · stated on: 2026-06-01 · table missing:
- report date1 June 2026
- report noFirst Report of the Receiver
- sale advisorNAI Commercial Real Estate Inc.
- sale outcometext: Receiver seeking Sale Approval and Vesting Order in respect of the Lands based on the 1598 AB APS · scope: parcel · status: pending_approval