On February 21, 2025, the Court of King’s Bench of Alberta (the “Court”) granted an order (the “Restructuring Officer Order”) whereby Alvarez & Marsal Canada Inc. was appointed receiver and manager (the “Restructuring Officer”) of all of Picture Butte Feeder Cooperative’s (“PBFC”) current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”), pursuant to section 299(1) of the Cooperatives Act, SA 2001, c C-28.1 and section 13(2) of the Judicature Act, RSA 2000, c.J-2.