Lakeside Produce files for bankruptcy
by Jennifer Strailey, Jan 23, 2023
Canadian greenhouse grower Lakeside Produce Inc., Leamington, Ontario, has filed for bankruptcy. The Packer confirmed the bankruptcy through documents of public record shared by the Fruit and Vegetable Dispute Resolution Corporation, Ontario, Canada.
The bankruptcy order was made against Lakeside Produce Inc. on Jan. 17, 2023. Ernst & Young Inc. was appointed as trustee of the estate of the bankrupt, subject to affirmation by the creditors of the trustee's appointment or substitution of another trustee by the creditors, according to the documents.
Lakeside Produce "has been focused on delivering fresh and flavorful produce to families across North America" for more than 70 years, says the company's LinkedIn page, which further notes that Lakeside had conventional and organic greenhouses, warehouses, packhouses and distribution centers in Leamington, Ontario; Taylor, Michigan; and McAllen, Texas.
According to the public documents, total liabilities as declared by the debtor were $187,889,241 CAD. Total assets as declared by the debtor were $3,580,233 CAD.
The first meeting of creditors of the bankrupt will be held on Feb. 2 at 1 p.m. via conference call at 647-749-1785. The conference identification number is 108 895 248#.
To be entitled to vote at the meeting, a creditor must file with the trustee before the meeting, provide a proof of claim and, where necessary, a proxy.
Controlled Environment Agriculture