Leamington’s Lakeside Produce Inc. filed for bankruptcy Jan. 17. Publicly available records from insolvency trustee Ernst & Young show the greenhouse operator owes nearly $188 million to creditors.
Documents show Lakeside’s declared total liabilities as $187,889,241, and total assets declared are $3,580,233. The number of creditors listed by Ernst & Young as of Jan. 30 is 300, and include companies of various sizes within Essex County, Canada, Mexico and the United States.
The largest amounts owing are to logistics and transportation companies, and another Leamington greenhouse grower, Nature Fresh Farms, is owed $907,000.
Read Also
Flying Farmers take dedication to agriculture to the skies
For more than 80 years the International Flying Farmers have been creating a space for farmers to share their passion for aviation. Farmtario profiles the Ontario chapter.
The company has locations in Leamington, Michigan and Texas.
