Eureka 93 is not able to continue to invest in the development of the project

Eureka 93 is not able to continue to invest in the development of the project

In a press release published recently, Eureka 93, previously known as LiveWell Foods Quebec, undertook administrative and legal steps regarding their capability to continue to invest in the development of the Innovation Centre Project in Litchfield.

According to the information made available on the Eureka 93 website, it is noted that the secured debt and registered privileges are near or exceed the fair value of the property at this time, where certain contractors have filed statements of claim in Quebec Superior Court for $1,800,000.00 CAD and the secured lender holds a first charge of $4,653,526.00 CAD.

In February 2018, several newspapers across the province reported a project that could lead to the creation of 500 jobs had planned to settle in the Pontiac. The company Eureka 93 undertook a large restructuring after experiencing several difficulties at the administrative level shortly after this announcement.

https://www.journaldemontreal.com/2018/02/16/500emplois-du-pot-dans-une-des-regions-les-plus-pauvres