Monday, January 30, 2023

Large greenhouse bankrupt


Lakeside Produce of Leamington has filed for bankruptcy.

Documents show it owes creditors about $188 million and has assets of only $3,580,000.


In 2016, the company received a $1-million grant from the Southwestern Ontario Development Fund for an expansion. It was expected to create 200 jobs to add to its workforce of about 300.


The first meeting of creditors will be held on February 2.