Foxtrot Winery ULC ("FTW") and Foxtrot Farms ULC ("FTF")

Receivership (FTW & FTF) and Bankruptcy (FTW)

^{Page last updated: December 4, 2024}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of December 4, 2024

PricewaterhouseCoopers Inc., in its capacity as Court appointed receiver (the "Receiver") of Foxtrot Winery ULC and Foxtrot Farms ULC (“Foxtrot”) has concluded the sales process referred to below. On December 4, 2024 the Receiver made an application to appear in Court seeking the approval of the recommended sale, details of which are set out in the Receiver's First Report to Court.

The related Notice of Application materials can be found in the "Court Materials" tab. A copy of the Receiver's First Report to Court can be found in the "Receiver/Trustee Reports" tab.

Status of file as of September 27, 2024

PricewaterhouseCoopers Inc., in its capacity as Court-Appointed Receiver of Foxtrot Winery ULC and Foxtrot Farms ULC (“Foxtrot”) is seeking offers for the assets, undertakings and property of Foxtrot. A copy of the Sales and Investment Solicitation Process is included in the “Marketing and Sales Process Information” tab above. All future publicly available information related to the Sales Process will be included in this area. The Receiver has appointed a sales agent (Watson Brothers) for the en bloc sale of all assets of the Companies (the “Foxtrot Estate”), including:

• The Foxtrot brand;
• Vineyard;
• House and separate suite (tasting room);
• Inventory of bulk and bottled wine;
• Production facilities; and
• Farming and winemaking equipment.

The house and vineyard have been listed for sale on MLS: https://www.realtor.ca/real-estate/27472672/1201-gawne-road-naramata-naramata-rural.

All offers must be received by 4pm November 1, 2024.

Any interested parties who wish to participate in the sales process should reach out to Watson Brothers on +1 250-859-1222. Alternatively, for enquiries related to the vineyard or wines, please contact the Receiver’s representative Groupe One on +1 250-859-2136.

To discuss matters with the Receiver, please reach out to Jack Else at jack.else@pwc.com or Dakota Dekur at dakota.l.dekur@pwc.com.

Status of file as of August 29, 2024

The first meeting of creditors (“FMOC”) in the Foxtrot Winery ULC bankruptcy proceedings was held on Thursday August 29th, 2024 at 1pm. At the meeting the creditors affirmed the appointment of PricewaterhouseCoopers Inc. as Trustee of Foxtrot Winery ULC in bankruptcy. The Trustee shared and discussed the Trustee’s Preliminary Report to Creditors with attendees. The creditors elected 2 inspectors.

Status of file as of August 14, 2024

Earlier this week on August 12, the Receiver assigned Foxtrot Winery ULC into bankruptcy. A creditor mailing was released to all stakeholders on August 14 via email, fax or Canada Post. A new tab on the home page titled Bankruptcy Documents will house all bankruptcy related documents, and will be posted in due course.

Status of file as of July 12, 2024

On July 12, 2024, the Supreme Court of British Columbia (the "Court") granted an Order (the “Receivership Order”) appointing PwC as Receiver of the assets, undertakings and property of Foxtrot Farms ULC and Foxtrot Winery ULC. A copy of the Receivership Order can be found under the "Court Orders" tab above.