British Columbia · Receivership (court-appointed)
Receiver's First Report
Court officer report · 30 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 filing24 verified
- secured creditorsnote: Stated as approximately $6.8 million, excluding costs and protective disbursements. Receiver's counsel (Owen Bird) Security Opinion: BMO Security valid, enforceable and perfected, subject to customary qualifications. Receiver expects BMO to suffer a shortfall. Ranks behind Receiver's Charge, Receiver's Borrowing Charge and certain deemed trust/priority claims. · page: 3 · as of: 2026-03-10 · amount: 6800000 · debtor: Vibrant Vine Winery Inc.; Wyn Lewis and Marion Lewis (Lands) · creditor: Bank of Montreal (BMO) · currency: CAD · security: First and second mortgage and assignment of rents over the Lands (PID 004-231-384), general security agreement over the Vibrant Assets, and personal guarantees from the Principals in the aggregate amount of $7.0 million plus interest and costs (guarantee amount is a limit, not a balance; BMO reportedly released the guarantees after the Date of Receivership)
- secured creditorsnote: Approximately $12,700 owed in storage costs; under the PSA the Purchasers assume responsibility for any amounts claimed by the storage provider. · page: 7 · amount: 12700 · debtor: Vibrant Vine Winery Inc. · creditor: Offsite Inventory storage provider (Storage Lien) · currency: CAD · security: Storage Lien over 5,040 bottles of wine (book value approx. $72,000) held by the third party
- secured creditorsnote: Court-ordered receivership borrowing, not pre-filing debt: $125,000 borrowed on each of April 23, 2026 and July 8, 2026; interest continues to accrue. To be paid first from any distribution. · page: 12 · as of: date of the First Report (2026-10-30) · amount: 250000 · debtor: Vibrant Vine Winery Inc. · creditor: Receiver's Borrowing Charge (Receiver Borrowings) · currency: CAD · security: Court-ordered charge under para. 24 of the Receivership Order; borrowing authorized up to $250,000
- secured creditorsnote: Deemed trust class as claimed by CRA; total GST owing approx. $148,390 including penalties and interest; includes CRA estimates for unfiled periods October 1, 2025 to April 15, 2026. Would lose priority and become unsecured upon the Anticipated Bankruptcy Filing; held back pending bankruptcy filing. · page: 12 · as of: 2026-09-21 · amount: 105811 · debtor: Vibrant Vine Winery Inc. · creditor: CRA – GST (claimed as held in trust) · currency: CAD · security: Claimed deemed trust under the Excise Tax Act (CRA GST Property Claim)
- secured creditorsnote: Deemed trust class. Total PSD owing approx. $54,038; the approx. $34,243 deemed trust portion retains priority notwithstanding the Anticipated Bankruptcy Filing (BIA s. 67(3)). To be paid in priority to BMO from sale proceeds. · page: 12 · as of: 2026-09-21 · amount: 34243 · debtor: Vibrant Vine Winery Inc. · creditor: CRA – payroll source deductions (deemed trust) · currency: CAD · security: Deemed trust in favour of the Crown (CRA PSD Deemed Trust Claim)
- secured creditorsnote: Court-ordered charge, not pre-filing debt. Unpaid accounts: approx. $116,000 (Receiver, May to September 2026) plus approx. $6,000 (Receiver's counsel, June to August 2026); total is a sum of the two stated components. Further work in process also forms part of the charge. · page: 12 · amount: 122000 · debtor: Vibrant Vine Winery Inc. and the Property · creditor: Receiver's Charge (Deloitte Restructuring Inc. and Owen Bird Law Corporation) · currency: CAD · security: First-ranking Court-ordered charge over the Property under para. 21 of the Receivership Order, subordinate only to certain statutory priorities
- unsecured creditorsnote: Not part of the deemed trust claim; would be an unsecured liability (approximate figure). · page: 12 · as of: 2026-09-21 · basis: CRA letter dated September 21, 2026; employer contributions, penalties and interest · amount: 19796 · debtor: Vibrant Vine Winery Inc. · creditor: CRA – payroll source deductions (non-deemed-trust portion) · currency: CAD
- unsecured creditorsnote: Wage claim; subsequently paid by the Receiver. No WEPPA procedures taken or required. · page: 12 · basis: Receiver's understanding of approximately $1,290 owed to former employees · amount: 1290 · debtor: Vibrant Vine Winery Inc. · creditor: Former employees – unpaid wages · currency: CAD
- unsecured creditorsnote: Amount not stated. Part of the MoF Claims; would be an unsecured claim. · page: 12 · basis: 2025 EHT return not filed before the Date of Receivership; Receiver has compiled the information · debtor: Vibrant Vine Winery Inc. · creditor: Ministry of Finance (BC) – 2025 EHT · currency: CAD
- unsecured creditorsnote: Part of the MoF Claims; no deemed trust upon the Anticipated Bankruptcy Filing, so treated as unsecured; approximate figure. · page: 12 · as of: 2026-08-25 · basis: MoF statement of account dated August 25, 2026, including penalties and interest, for September 2025 to April 2026 · amount: 31906 · debtor: Vibrant Vine Winery Inc. · creditor: Ministry of Finance (BC) – PST · currency: CAD
- unsecured creditorsnote: The CRA GST Property Claim of $105,811 would also become unsecured on the Anticipated Bankruptcy Filing. The remaining balance (approx. $42,579) is a computation not stated in the document. · page: 12 · as of: 2026-09-21 · basis: CRA letter dated September 21, 2026; total GST approx. $148,390 including penalties and interest, of which $105,811 is claimed as trust · debtor: Vibrant Vine Winery Inc. · creditor: CRA – GST (balance not held in trust) · currency: CAD
- secured creditorsnote: Amount not stated; Receiver understands the full amount advanced remains outstanding as at the Date of Receivership. BMO Security retains priority over the Vault Security with respect to the Property of Vibrant. Accounts receivable of approx. $43,000 recorded in the books relate to Vault advances and have no realizable value. · page: 13 · debtor: Vibrant Vine Winery Inc. · creditor: Vault Credit Corporation (Vault) · currency: CAD · security: BCPPR registration against receivables, future revenues, related accounts and proceeds, securing the Vault Loan (business advance agreement)
- secured creditorsnote: Comprises taxes and arrears of $82,749, penalties of $4,138 and interest on arrears of $2,500. Must be paid for the Receiver to transfer title on sale. · page: 13 · as of: most recent City tax account details (undated) · amount: 89386 · debtor: Wyn Lewis and Marion Lewis (Lands) · creditor: City of Kelowna – outstanding property taxes · currency: CAD · security: Statutory charge on the Property; Lands subject to tax sale provisions of the Local Government Act
- unsecured creditorsnote: Amounts not stated. BMO agreed as a goodwill gesture to reimburse certain deposits directly; handled outside the receivership and not part of the Receiver's administration of claims. · page: 13 · basis: Third-party claims identified by the Receiver relating to six weddings scheduled at the Property · debtor: Vibrant Vine Winery Inc. · creditor: Wedding / event customers (six scheduled weddings) · currency: CAD
- unsecured creditorsnote: No individual creditors named in the aggregate. Receiver does not expect any distribution to unsecured creditors. · page: 13 · as of: 2026-04-15 · basis: Receiver's estimate based on the Company's available books and records and correspondence received from creditors · amount: 133000 · debtor: Vibrant Vine Winery Inc. · creditor: Unsecured creditors (aggregate estimate) · currency: CAD
- unsecured creditorsnote: WorkSafeBC can claim a statutory lien under s. 265 of the Workers' Compensation Act, but the Receiver has not recognized it as affecting realizations and treats it as unsecured; approximate figure. · page: 13 · basis: Receiver's understanding of outstanding pre-receivership premiums · amount: 730 · debtor: Vibrant Vine Winery Inc. · creditor: WorkSafeBC · currency: CAD
- cash on handnote: Net cash balance held by the Receiver; equals excess of receipts over disbursements in the Interim R&D. At the Date of Receivership the Company had no funds in its BMO account. · as at: 2026-10-22 · amount: 28783 · currency: CAD · qualifier: net cash balance
- disbursementsnote: Includes approx. $73,000 Receiver's fees and costs, $43,000 property taxes, $29,000 property clean-up/repairs/maintenance, $38,000 insurance, $14,000 utilities. · since: Date of Receivership (April 15, 2026) to October 22, 2026 · amount: 222509 · currency: CAD
- operational summaryThe Company ceased operations upon the Receiver's appointment and had no full-time employees at that time. The Receiver is preserving and marketing the Property and seeks court approval of a $3.65 million sale of the lands and winery assets, with an anticipated bankruptcy assignment of Vibrant.
- professional feesnote: Receiver's legal fees and costs paid: $6,944. Unpaid accounts: approx. $116,000 for the Receiver (May to September 2026) and approx. $6,000 for Receiver's counsel Owen Bird (June to August 2026), to be paid from the Interim Distribution. Tax treatment of these figures not stated. · party: Deloitte Restructuring Inc. (Receiver) · amount: 73460 · period: April 15, 2026 to October 22, 2026 (paid, per Interim R&D) · currency: CAD
- receipts cumulativenote: Report text states gross receipts of $252,292, primarily Receiver Borrowings ($250,000); Appendix A table shows total receipts of $251,292 (cash on hand $708, interest $584, Receiver Borrowings $250,000) — an internal inconsistency in the source. · since: Date of Receivership (April 15, 2026) to October 22, 2026 · amount: 252292 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Given that BMO is expected to suffer a shortfall in respect of their various security, the Receiver does not expect any distributions to any unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that BMO is expected to suffer a shortfall in respect of their various security, the Receiver does not expect any distributions to any unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-10-30 · table missing:
- report date30 October 2026
- report noFirst Report