CANADIAN WINE COOPERATIVE IN HANDS OF RECEIVERS
March 1st, 2008
BY MONICA DOBIE, in Ottawa
CANADA'S first wine-making cooperative has entered receivership, facing almost CDN$40 million in debts, according to court documents. Southern Ontario's Niagara Vintners was forced into the hands of receivers Deloitte & Touche Inc by the cooperative's Bank of Nova Scotia. The receiver is now selling the business's winemaking plant, shop, 3.6 million litres of bulk wine and 21,000 cases of bottled wine. In a statement to the cooperative's local newspaper the St Catherines Standard, David Wiley, one of 19 growers who formed Niagara ...
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