The Canadian Grain Commission (CGC) says that producers who were not paid for grain delivered to ILTA Grain Inc. will be 100 per cent compensated through the CGC’s Safeguards for Grain Farmers Program. The grain company was granted creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in July of 2019. “The Canadian Grain Commission… Read More
Tag: ILTA Grain Inc.
Viterra has announced plans to purchase ILTA Grain Inc.’s processing facility at Belle Plaine, Sask., by the end of August. Belle Plaine is one of six locations ILTA Grain has in Saskatchewan. The company recently announced it had entered creditor protection. “We are pleased to be working towards integrating this high quality facility into our… Read More
Close to a month has passed since ILTA Grain Inc. was granted creditor protection by British Columbia’s Supreme Court, due to its financial difficulties. This left many producers frustrated as some still had contracts with the company. In fact, the Canadian Grain Commission (CGC) has heard from more than 200 producers since the creditor protection… Read More
This past week ILTA Grain Inc. announced it was granted creditor protection under the Companies’ Creditors Arrangement Act (CCAA). In a letter to its vendors and suppliers dated July 8th, 2019, CEO Dan Burneski stated the decision to file was not taken lightly, but “a necessary step” to address its financial situation. “The CCAA filing… Read More