Pontiac local contractors told CHIP 101.9 that debts remain unpaid by Eureka93, formerly known as LiveWell Food.
According to the owner of the local company Brian Stanton LTEE, Mike Stanton, the current sum of unpaid bills from Eureka93 is totalling around $32, 000.
’’I guess I have no choice but right it off as a loss for the Company,’’ said Stanton during a discussion with CHIP 101,9. ’’I don’t expect to get paid, that’s just my gut feeling. If I get any money, it’s like winning the lottery. All my employees have been paid, all my fuel, all of my expenses have been paid, now I’m just waiting on them to pay me.’’
Over the 4-5months of supply and demand work provided to Eureka93 during the summer of 2018, the company would have had bills totalling over $100, 000. On that, certain invoices were paid, according to Stanton, but with the financial difficulties facing Eureka93 over recent months, payments decreased to a halt leaving a balance of around $32, 000 in unpaid bills to Brian Stanton LTEE.
Eureka93 had hired contractors during the summer of 2018 to work at the cannabis research and development center located in the industrial park in the municipality of Litchfield, as initially presented in February 2018 by LiveWell Food. In December of the same year, one of the companies in question, Deslan - A.I.M Environmental, filed a legal mortgage against LiveWell to the sum of $1, 679, 119 in unpaid bills.
CHIP 101.9 learned that another contractor in the region would also be involved in this case of unpaid bills by Eureka93, amounting to approximately $35,000.
This week, CHIP 101,9 publishedan article concerning Eureka93s’ recent financial developments. A lack of capital has forced the company to evaluate their current options, which include selling the company, selling assets, merging the company and/or creating a joint venture.