SUNTERRA FARMS LTD., SUNTERRA FOOD CORPORATION, SUNTERRA QUALITY FOOD MARKETS INC., SUNWOLD FARMS LIMITED AND TROCHU MEAT PROCESSORS LTD.

On March 24, 2025, Sunterra Farms Ltd., Sunterra Food Corporation, Sunterra Quality Food Markets Inc., Sunwold Farms Limited and Trochu Meat Processors Ltd. (collectively the “Companies”) each filed a Notice of Intention to Make a Proposal (the “NOI”) under section 50.4(1) of the Bankruptcy and Insolvency Act (“BIA”) and Harris & Partners Inc. (“HPI”) consented to act as the Proposal Trustee.

On April 22, 2025, Sunterra Food Corporation, Trochu Meat Processors Ltd., Sunterra Quality Food Markets Inc., Sunterra Farms Ltd., Sunwold Farms Limited, Sunterra Beef Ltd., Lariagra Farms Ltd., Sunterra Farm Enterprises Ltd., Sunterra Enterprises Inc. (collectively the "Applicants" or "Sunterra Group") sought and obtained an initial order (the "Initial Order") from the Court of King's Bench of Alberta (the "Court") under the Companies Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended ("CCAA"). The Initial Order provides, among other things, a stay of proceedings which may be extended from time to time. Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed monitor ("Monitor") of the Applicant. Under the Initial Order the Applicant was granted a Stay Period until and including April 28, 2025. Accordingly, a comeback hearing ("Comeback Hearing") is to be scheduled to be heard by the Court on April 28, 2025, where it will hear arguments with respect to the relief granted in the Initial Order.

Accordingly, please direct any correspondence in regards to the Companies to:

Toll-Free Number: 1-833-719-1911
Fax: 403-232-6116
Email: Sunterra@FTIConsulting.com

Website: https://cfcanada.fticonsulting.com/sunterra/