An application to stay a receivership order of Mayfield Investments Ltd., a company that owns multiple businesses in Alberta including the Camrose Resort and Casino, Medicine Hat Lodge and Calgary’s Stage West Dinner Theatre, has been denied by the court.
The Alberta Court of King’s Bench released the decision to the public last week, saying the company has been “in financial distress” since March 2021.
“It continues to be insolvent, although Mayfield argues it is on the eve of solvency,” the decision, written by Justice M.A. Marion, read.
