The festival's website, which had been online and selling tickets until 4 p.m. PT on Wednesday, now consists of a single page, confirming the partnership organizing the concert has filed for bankruptcy, with Ernst & Young appointed as trustees. @GlobalBC @CKNW — Jill Bennett (@jillreports) May 18, 2017

Documents obtained by Global News show there will be no automatic refunds for tickets as “the festival is now in bankruptcy and has no ability to provide refunds for tickets purchased.”

READ MORE: What to do if you have a ticket to the 2017 Pemberton Music Festival

Ticketholders may file a proof of claim form with Ernst & Young, which is the festival’s trustee in bankruptcy. An advertisement on the Pemberton Music Festival's Facebook page shows the scheduled lineup for 2017 (Photo: Pemberton Music Festival/Facebook)

The festival's website notes that there will be no automatic refunds for those who purchased tickets or passes, but that credit-card holders might be able to obtain refunds from their bank or card issuer directly. Fans who jumped at the chance now find themselves out of luck: On Thursday, the festival was cancelled after the event went bankrupt, leaving ticket holders without refunds. (Photo: Pemberton Music Festival)

"The Pemberton Music Festival has been significantly impacted since 2015 by a weakening Canadian dollar relative to the US dollar as many of its entertainment costs are denominated in $US dollars," read a statement on the site. After rumours of Pemberton’s demise fuelled an online firestorm of criticism Thursday afternoon, U.S.-based Huka Entertainment, which has been running the festival, announced the cancellation with a notice on the event’s website. We are heartbroken to see the 2017 Pemberton Music Festival cancelled.”

At roughly 18,200 tickets sold, organizers knew they weren’t going to match last year’s total of 38,000 and stood to lose more than $10-million this year, according to Ernst & Young’s Kevin Brennan, whose company is now the event’s trustee overseeing its bankruptcy proceedings. Slated to run July 13 to 16, it would have been Pemberton's fourth year, featuring headliners Chance the Rapper, Muse and A Tribe Called Quest as well as Major Lazer, Haim, Run The Jewels and dozens more acts. “The Pemberton Music Festival brought a lot of exposure to our area and had a huge economic impact in our community; it was an exciting event to have in our town,” he said.
The 2017 season of the Pemberton Music Festival, a prominent music festival scheduled to occur July 13–16 in the Canadian city of Pemberton, British Columbia, is cancelled following declaration of bankruptcy by the organizers.