Alberta · Receivership (court-appointed)
New Leaf Essentials (East) Ltd. - 245-246 Notice and Statement
Notice of receiver (s. 245 / Form 87) · 5 May 2021
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What we verified from this filing11 verified
- financial positionnote: Assets $9,286: accounts receivable $9,286 at April 26, 2021; inventory $0 (inventory on site is owned by a related party). Liabilities $28,532,184 = secured $28,529,571 + unsecured $2,613. Processor and wholesaler of pulse crops; head office Innisfail, AB, principal place of business Slemon Park, PEI. Part of the WA Grain group receivership (BDO extranet: WAGrainHoldings). · page: 1 · basis: Assets: book values of the Assets subject to the Receiver's interests, per the Company's draft financial statements at July 31, 2020 unless otherwise stated — accounts receivable stated at April 26, 2021. Liabilities: Schedule “A” TOTAL LIABILITIES, per the unaudited books and records of the Company. · scope: The receivership covers CERTAIN ASSETS of New Leaf Essentials (East) Ltd. only — accounts receivable and inventory — not the whole undertaking. Asset figures cover those assets alone; the liabilities total is the Company's stated creditor listing. · currency: CAD · total assets: 9286 · total liabilities: 28532184
- secured creditorsnote: Amount per internal financial statements at February 28, 2021. · page: 2 · as of: 2021-02-28 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated May 5, 2021 — “Amount owed by the Company to each creditor who holds security”, Estimated Owing; creditors marked * are per internal financial statements at February 28, 2021. Stated total estimate $28,529,571. Receiver of CERTAIN ASSETS (accounts receivable and inventory) appointed April 26, 2021 by Order of Justice Mah, Court of Queen's Bench of Alberta. · amount: 3965381 · debtor: New Leaf Essentials (East) Ltd. · creditor: Prince Edward Island Century 2000 Fund Inc. · currency: CAD · security: Listed as a creditor holding security on the assets in receivership; the security is not described per-creditor.
- secured creditorsnote: Amount per internal financial statements at February 28, 2021. · page: 2 · as of: 2021-02-28 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated May 5, 2021 — “Amount owed by the Company to each creditor who holds security”, Estimated Owing; creditors marked * are per internal financial statements at February 28, 2021. Stated total estimate $28,529,571. Receiver of CERTAIN ASSETS (accounts receivable and inventory) appointed April 26, 2021 by Order of Justice Mah, Court of Queen's Bench of Alberta. · amount: 4710128 · debtor: New Leaf Essentials (East) Ltd. · creditor: Farm Credit Canada · currency: CAD · security: Listed as a creditor holding security on the assets in receivership; the security is not described per-creditor.
- secured creditorsnote: Amount per internal financial statements at February 28, 2021. · page: 2 · as of: 2021-02-28 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated May 5, 2021 — “Amount owed by the Company to each creditor who holds security”, Estimated Owing; creditors marked * are per internal financial statements at February 28, 2021. Stated total estimate $28,529,571. Receiver of CERTAIN ASSETS (accounts receivable and inventory) appointed April 26, 2021 by Order of Justice Mah, Court of Queen's Bench of Alberta. · amount: 8000000 · debtor: New Leaf Essentials (East) Ltd. · creditor: Avrio Subordinated Debt Limited Partnership II · currency: CAD · security: Listed as a creditor holding security on the assets in receivership; the security is not described per-creditor.
- secured creditorsnote: The amount is stated as “unknown”. · page: 2 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated May 5, 2021 — “Amount owed by the Company to each creditor who holds security”, Estimated Owing; creditors marked * are per internal financial statements at February 28, 2021. Stated total estimate $28,529,571. Receiver of CERTAIN ASSETS (accounts receivable and inventory) appointed April 26, 2021 by Order of Justice Mah, Court of Queen's Bench of Alberta. · debtor: New Leaf Essentials (East) Ltd. · creditor: The Guarantee Company of North America · currency: CAD · security: Listed as a creditor holding security on the assets in receivership; the security is not described per-creditor.
- secured creditorspage: 2 · basis: Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), BDO Canada Limited, dated May 5, 2021 — “Amount owed by the Company to each creditor who holds security”, Estimated Owing; creditors marked * are per internal financial statements at February 28, 2021. Stated total estimate $28,529,571. Receiver of CERTAIN ASSETS (accounts receivable and inventory) appointed April 26, 2021 by Order of Justice Mah, Court of Queen's Bench of Alberta. · amount: 11854062 · debtor: New Leaf Essentials (East) Ltd. · creditor: ATB Financial · currency: CAD · security: Listed as a creditor holding security on the assets in receivership; the security is not described per-creditor.
- unsecured creditorspage: 3 · basis: Schedule “A” to the same notice — “the list of other creditors of the Company and the amount owed to each creditor based on the records available to the Receiver” (per the unaudited books and records of the Company). Stated total $2,613. · amount: 288 · debtor: New Leaf Essentials (East) Ltd. · creditor: Dexbee Maintenance · currency: CAD
- unsecured creditorsnote: Crown claim. · page: 3 · basis: Schedule “A” to the same notice — “the list of other creditors of the Company and the amount owed to each creditor based on the records available to the Receiver” (per the unaudited books and records of the Company). Stated total $2,613. · amount: 282 · debtor: New Leaf Essentials (East) Ltd. · creditor: Minister of Finance · currency: CAD
- unsecured creditorspage: 3 · basis: Schedule “A” to the same notice — “the list of other creditors of the Company and the amount owed to each creditor based on the records available to the Receiver” (per the unaudited books and records of the Company). Stated total $2,613. · amount: 1127 · debtor: New Leaf Essentials (East) Ltd. · creditor: Slemon Park Corporation · currency: CAD
- unsecured creditorsnote: Crown claim. The stated amount of $1 is a placeholder, not a measured balance. · page: 3 · basis: Schedule “A” to the same notice — “the list of other creditors of the Company and the amount owed to each creditor based on the records available to the Receiver” (per the unaudited books and records of the Company). Stated total $2,613. · amount: 1 · debtor: New Leaf Essentials (East) Ltd. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorspage: 3 · basis: Schedule “A” to the same notice — “the list of other creditors of the Company and the amount owed to each creditor based on the records available to the Receiver” (per the unaudited books and records of the Company). Stated total $2,613. · amount: 915 · debtor: New Leaf Essentials (East) Ltd. · creditor: Carmichael Engineering Ltd. · currency: CAD