On September 21, 2023, Toronto-Dominion Bank (the “Applicant") brought an application (the “Initial Application") before the Court of King's Bench of New Brunswick Trial Division (the “Court") pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA") to, among other things, obtain a stay of proceedings for South Shore Seafoods Ltd., Captain Cooke's Seafood Inc., By the Water Shellfish (2012) Inc., South Shore Seafoods International Ltd., Can-Am Lobster and Shellfish Ltd., Bridge Lobsters Limited and Arsenault's Fish Mart Inc. (each a “Debtor" and collectively the “Debtors") to allow them to prepare for a going concern sale of the Debtors' businesses while exploring other restructuring alternatives.
On that same day, the Court granted orders (the “Initial Orders") in these CCAA proceedings (the “CCAA Proceedings") that, among other things:
If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:
Deloitte Restructuring Inc.
Attention: In its capacity as Court Appointed Monitor of
South Shore Seafoods Ltd., Captain Cooke's Seafood Inc., By the Water Shellfish (2012) Inc., South Shore Seafoods International Ltd., Can-Am Lobster and Shellfish Ltd., Bridge Lobsters Limited and Arsenault's Fish Mart Inc.
Suite 800 1741 Lower Water Street Halifax NS B3J 0J2
Persons requiring further information not available on the Website should email the Monitor at southshoreseafoods@deloitte.ca or call the Monitor's toll free hotline at 833-422-7516.
Last updated Nov 9, 2023