Labatt Village LP, Labatt Village GP Inc., and Labatt Village Holdings Inc.

Receivership

^{Page last updated: March 26, 2026}

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 March 26, 2026

The Receiver advises that as of 5:00 p.m. Eastern Time on March 25, 2026 (the “LOI Deadline”), no letters of intent (each, an “LOI”) were received in connection with the Sale Process.

Pursuant to paragraph 16 of the Sale Process (attached as Schedule “B” to the Sale Process Approval Order), the Sale Process is deemed to be terminated, and the Stalking Horse Bid is deemed to be the Successful Bid, subject to Court approval.

Status of file as of February 11, 2026

On February 10, 2026 (the "Receivership Date"), pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”) and pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (“BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended, PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of the real property, located at 77 River Street, Toronto, ON and 7 Labatt Avenue, Toronto, ON (the “Real Property”), and all present and future assets, undertakings and personal property of Labatt Village LP, Labatt Village GP Inc., and Labatt Village Holdings Inc. (the “Companies”).

The Receivership Order was granted pursuant to an application made by KingSett Mortgage Corporation (“KingSett” of the “Applicant”).

On the same date, February 10, 2026, the Court issued an order (the “Sale Process Approval Order”) which, among other things:

1. Approved a sale process (the “Sale Process”) with respect to the sale of the Real Property; and
2. Authorized the Receiver, nunc pro tunc, to enter into a Stalking Horse Agreement of Purchase and Sale (the “Stalking Horse APS”), dated on or about February 10, 2026, between the Receiver, as a Vendor, and KingSett, in its capacity as a Stalking Horse Purchaser.

A Notice and Statement of the Receiver (the “Notice”) will be sent to all known creditors of the Company in accordance with the provisions of the BIA. A copy of the Notice will be posted on the “Notices and List of Creditors” page of this website.