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The Minnedosa

Since 1883
Volume 137 Issue 45 Friday, January 17, 2020 www.minnedosatribune.com 90 cents plus tax

Morris Industries Pie Auction Raises Over $6,000

Receives Creditor
Protection

Tribune File Photo

The future operations of the Minnedosa
Morris Industries plant are unknown
after the company was recently granted
financial protection from its creditors.

By KAREN MITCHELL

D espite the company’s best efforts and strategic

initiatives, the future of Morris Industries Ltd.
looks rather bleak. Photos by Karen Mitchell
A Saskatoon judge has granted the Morris Group,
including its mainstay Morris Industries, financial A variety of delicious desserts were auctioned
protection from its creditors. The company applied off Sunday in support of Central Plains Cancer
for protection under the Companies’ Creditors Ar- Services. At right, Minnedosa UCT members Au-
rangement Act while it undertakes a restructuring drey Street (L) and Ellen Bramely (C)
plan. A temporary $3 million amendment to its op- with Auctioneer, Denis Deslauriers (R).
erating line allowed the company to meet payroll and
other obligations until January 8th, 2020 however, By KAREN MITCHELL service. The organization has Deslauriers. The highest
now Morris requires interim financing to continue Approximately 65 been running since 1998 bid for a dessert was $170!
operating as it works on restructuring.
The Saskatoon StarPheonix reported on Friday,
January 10th that, “Preliminary financial statements
A collaborated group ef-
fort of three local or-
ganizations came together
desserts, door
and monetary donations
were received, allowing
prizes and has helped countless
cancer patients, survivors
and families while dealing
The three local orga-
nizations have been meet-
ing and collaborating since
for the fiscal year ended August 31st, 2019 filed with on Sunday, January 12th Minnedosa to donate over with one of the most diffi- early spring last year, after
the court show $65.9 million in assets, including $34.2 with the Central Plains $6,000 to CPCS in support cult times in their lives. the UCT invited CPCS to do
million in inventory and physical assets worth $16.5 Cancer Services (CPCS) of its wide range of support Held at the Minnedo- a presentation and learned
million, and liabilities totaling $63.3 million. Morris Pie Auction. programming and servic- sa Community Confer- that the expenses given out
Industries’ debts include $26.6 million owed to its The Minnedosa UCT, es. ence Centre, pie auction to recipients in our area far
“senior lenders,” almost $10 million owed to other Lions and Rotary Club The Central Plains guests were welcomed to outweighed the donations
lenders, $4.4 million payable to “significant secured worked hand-in-hand for Cancer Services operates a warm space where they they received.
creditors” and $12.7 million to various unsecured an amazing worthwhile solely on fundraisers and could enjoy coffee and
lenders, typically suppliers.” cause, which resulted in a donations and all proceeds desserts for purchase and Continued
huge success and gener- raised at the Pie Auction could partake in a live auc- on Page 3
Continued on Page 2 ous donations for a needed stays right here in our area! tion with auctioneer Denis

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