Tag: lakeside produce

USDA has filed an administrative complaint against Lakeside Produce Inc. for alleged violations of the Perishable Agricultural Commodities Act (PACA).

Although Lakeside Produce Inc. creditors filed claims with Blue Book, shortly after the filing, they were quickly closed, giving way to the bankruptcy proceedings. 

In a February 2023 Trustee’s Preliminary Administration of the Estate of the debtor report, economic challenges for Lakeside Produce Inc., beginning in mid-2020 and continuing well into 2022, were cited as the main reason behind the bankruptcy.

Lakeside Produce Inc., ended its journey when it filed an Assignment in Bankruptcy on January 17, 2023 in the Ontario Superior Bankruptcy Court.

Leamington, ON-based greenhouse grower Lakeside Produce Inc. filed for bankruptcy last week, owing $188 million (Canadian) to creditors.