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Engagements

Canadian Beaver Brewing and Distillery Company Ltd.

On September 2, 2022, by Order (the “Receivership Order”) of the Court of Queen’s Bench of Alberta (the “Court”), B. Riley Farber Inc.  (“B. Riley 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.

Status Updates

B. Riley 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.

Creditor Enquiries

For creditor enquiries, please contact:

Erin Merrick
Associate | Restructuring
T: 416.496.3733
E: emerrick@brileyfin.com

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.

Court Orders

  • Order of Justice E.J. Sidnell (Receivership Order) dated September 2, 2022

Sales Process

  • Invitation for Offers (Teaser)
  • Non-Disclosure Agreement (NDA)
  •   Print friendly version

Contacts

Hylton Levy

CPA, CA, CIRP, LIT
Senior Managing Director Restructuring
  • 416.496.3070
  • 416.543.1207
  • hlevy@brileyfin.com

Derek Church

CPA, CA, CIRP, LIT
Managing Director Restructuring
  • 587.747.7592
  • 403.671.0310
  • dchurch@brileyfin.com

Featured Article

Bankruptcy & Restructuring Solutions to the Crypto Crisis

August 22, 2022

The financial news has been dominated recently by a series of high-profile crypto failures and bankruptcies and its making investors edgy. Allan Nackan explains the turmoil faced by many…

View article
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