On September 2, 2022, by Order (the “Receivership Order”) of the Court of Queen’s Bench of Alberta (the “Court”), GlassRatner Inc. (“GlassRatner“) 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
GlassRatner, 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 Court and GlassRatner Inc. was affirmed as Trustee of the Estate of the Bankrupt at the First Meeting of Creditors held on December 22, 2022.
Relevant documents can be found below.
Creditor Enquiries
For creditor enquiries, please contact:
Sara Corcoran
Corporate Insolvency Administrator | Restructuring
T: 437.294.4650
E: scorcoran@glassratner.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.
Documents
Receivership Documents
- Receiver’s Certificate – December 2, 2022
- First Report of the Receiver – November 21, 2022
- Confidential Appendices to the First Report of the Receiver
Court Orders
- Order of Justice E.J. Sidnell (Receivership Order) – September 2, 2022
- Order of Justice K. Feth (Bankruptcy Order) – December 2, 2022
- Order of Justice D. R. Mah (Sale Approval and Vesting Order) – December 2, 2022
- Order of Justice D. R. Mah (Sealing Order) – December 2, 2022
Sales Process
Bankruptcy Documents