Sunterra’s Restructuring Under Court Watch | Toronto News

Sunterra Group, Alberta’s sprawling agri-food empire with grocery stores and pork processing plants, is under court supervision as it seeks a buyer or investor to restructure its massive debt. Facing a $35 million U.S. lender judgment tied to fraudulent cheque practices — described by a judge as “astonishing” and involving the CEO — the company is navigating a high-stakes sale process with KPMG reviewing offers. Though not technically bankrupt, Sunterra must navigate over 200 creditors while trying to preserve its legacy multi-generational farming roots — all while the fate of its iconic Sunterra Market stores hangs in the balance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e605144334277ea7