Lakeside Produce files for bankruptcy

by

The bankruptcy of Lakeside Produce Inc. in Leamington, Ontario, will shake the produce business in North America. The firm is facing a total of $187,889,241 in claims. Lakeside’s assets are valued at $3,580,233. The bankruptcy petition was filed on January 17.

The Dispute Resolution Corporation in Ottawa provided its public data on this astonishing development with FreshFruitPortal.com on January 24. The official documents list exactly 300 creditors. The Bank of Montreal and Farm Credit Canada consortium is the creditor with the single largest claim against Lakeside, owing $166,013,444.00. Nature Fresh Farms takes the greatest hit in the sector, owing $907,840.00. Ag World Wide Imports, another Leamington neighbor, has receivables worth $894,896.22.

 

Related Stories

Latest News Stories