Alberta · Receivership (court-appointed)
Chinook Farm Innovations Inc. – Notice and Statement of Receiver
Notice to creditors · 21 August 2026
AI summary
What we verified from this filing1 verified
- financial positionnote: Liabilities not summed to a single total; components given separately: Secured creditors total $5,274,000 (Royal Bank of Canada $3,084,000, Chinook Dairy Services Ltd. $2,053,000, PCM Investments Ltd. $137,000, CWB National Leasing Inc. unknown); Deemed Trust (Canada Revenue Agency) $2,145,000, noting 'Further work required to determine the amount of the claim that is deemed trust verses secured, and unsecured. The full $2.1 million may not be deemed trust.'; Unsecured creditors total approximately $1,100,000 (book value $1,099,619). Receiver states it 'has not audited, reviewed, or otherwise attempted to verify the accuracy of the foregoing' and 'provides no comment on the realizable value of the assets.' · basis: unaudited book value reported on the financial statements of the Debtor as at August 31, 2025, and other more recent financial information dated August 2026 provided by management per the Company's books and records · scope: entity - Chinook Farm Innovations Inc. (the Debtor) · currency: CAD · total assets: 7103000