On September 2, 2022, by Order (the “Receivership Order”) of the Court of Queen’s Bench of Alberta, A. Farber and Partners Inc. (“Farber”) was appointed as receiver (the “Receiver“), without security, of all of the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”) of Canadian Beaver Brewing and Distillery Company Ltd. (the “Debtor” or “Beaver Brewing“), pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the “BIA”) and sections 13(2) of the Judicature Act, R.S.A. 2000.
The Receivership Order filed in relation to this matter is available below.
Farber, in its capacity as Receiver, is undertaking a formal sales process in respect of the assets, undertakings and property of Beaver Brewing, which is inclusive of the equipment used for brewing and packaging of beer, industrial tanks used for storing beer, forklift and inventory used in the operation of Beaver Brewing.
Interested parties will have until 5:00 p.m. (MDT) on October 31, 2022, to submit a binding offer, in the prescribed form, which will be provided to interested parties upon execution of a non-disclosure agreement (“NDA”).
Documents related to the sales process can be found below.
On December 2, 2022, a Bankruptcy Order was granted by the Honourable Justice D. Mah of the Court of King’s Bench Alberta (the “Court”) in the matter of Beaver Brewing and Farber was appointed as Licensed Trustee of the bankruptcy estate (the “Trustee”), subject to affirmation by creditors at the first meeting of creditors.
The First Meeting of Creditors will be held via ZOOM videoconference on December 22, 2022, at 2:00PM (MT) via ZOOM videoconference. To join the meeting, please use the below access details:
ZOOM URL: https://farbergroup.zoom.us/j/81272218084?pwd=NlpaUm5OWndLaUNGbFdJR3JNSDVyQT09
Meeting ID: 812 7221 8084
Links to relevant documents can be found below.
For creditor enquiries, please contact:
Associate | Restructuring
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.