Update – August 27, 2025

On August 27, 2025, the Court granted an order appointing Alvarez & Marsal Canada Inc. as receiver (the “Receivership Order”), without security, of all of the assets, undertakings and property of the BCTFC Group, including all proceeds thereof pursuant to section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253. In accordance with the Receivership Order, the CCAA Proceedings were terminated effective August 27, 2025.

August 13, 2025

On August 13, 2024, BC Tree Fruits Cooperative (“BCTFC”), BC Tree Fruits Industries Limited (“BCTF Industries”) and Growers Supply Company Limited (“GSC”, together with BCTFC and BCTF Industries, the “BCTF Group” or the “Petitioners”) were granted an initial order (the “Initial Order”) to commence proceedings (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor” or “A&M”) in the CCAA Proceedings.

The Initial Order granted a stay of proceedings (the “Stay Period”) and provided that during the Stay Period, no proceedings may be commenced against or in respect of the Company.