According to documents from Ernst & Young, "decreased ticket sales and increased operating losses", in addition to a weakening Canadian dollar, forced festival organizers to cancel the event.
"When you spend a week's pay on Pemberton tickets and now that it's cancelled they say you can't get your money back", tweeted one man, Pete, with a cartoon of a person laying in a puddle of their own tears.
It all depends on what kind of insurance policies are offered by banks issuing the cards used to buy them.
The Toronto based festival began two years ago, and has steadily drawn a summer music crowd with incredible headliners. Their duties as directors ceased once the trustee in bankruptcy was assigned.
For the past four years Huka Entertainment has worked to create a one-of-a-kind experience in the most attractive place on earth.
As of 4 p.m., there are no announcements on the Pemberton Music Festival website about ticket cancellations.
Girling is also listed as a director of Janspec Holdings Limited, one of the secured creditors that would received its claims, if proved, before unsecured creditors such as the ticket holders. LTD, collectively know as "PMF", has filed for bankruptcy and there will be no automatic refunds for ticket holders, who may have to wait weeks to learn whether they will get their money back.
A bankruptcy trustee is advising anyone with tickets for Pemberton Music Festival to prepare for the worst.
The festival owes US$2.5 million to creditors. It urged customers to seek reimbursement through their credit card providers.
That's according to reports from Global and CKNW Thursday afternoon, that say Ernst & Young has been appointed as trustees in what appears to be a bankruptcy claim.
The notice on the event's website warns there would be no automatic refunds.
In the current overstuffed and saturated music-festival environment, not everything is going to make it.
This year's four-day event was slated to feature Muse, A Tribe Called Quest and Chance the Rapper. In fact, the festival has deleted their Twitter account.
In an interview with Pique on May 1, Huka Entertainment chairman and chief experience officer A.J. Niland spoke of the financial risks associated with the festival.
A short time later, a Duggar who was still a minor petitioned the court to destroy the records, according to Hollywood Life . The sisters said they had forgiven their brother and accused the news media of having harmed them more than their brother.
The company also said it has raised its outlook for the fiscal year in equipment sales growth outlook from 4 percent to 9 percent. Net receivables and leases financed by JDCC were $32.015 billion at April 30, 2017, compared with $33.208 billion at May 1, 2016.
The Austrian fought off a double match point at 4-6 in the tiebreaker, then thwarted a third match point at 6-7 before surviving. The 20-year-old will now take on fifth seed Milos Raonic , a 6-3, 6-2 victor against the 12th seeded Tomas Berdych.
Sporting a 5-inch FWVGA display , Moto C runs on Android 7.0 Nougat, the phone has a long-lasting battery of 2350 mAh. The larger phone will also be available in the same Metallic Cherry, Pearl White, Fine Gold, or Starry Black colours.
Preakness Stakes contender Classic Empire is washed after a workout at Pimlico Race Course in Baltimore , Wednesday, May 17, 2017. Classic Empire finished fourth in the Kentucky Derby after getting bounced around and having a rough early trip two weeks ago.
Leaked specifications on GeekBench had indicated Snapdragon 626 processor coupled with 4GB RAM and a massive 5000 mAh battery. Xiaomi keeps up the tradition of launching the mobiles in China first and then to other markets.
Macron has promised that half of those candidates will be new to elected politics, as he was before his victory on Sunday. A large archive of emails purportedly from Macron's campaign was leaked on Friday, two days before the election.
If one looks at the head-to-head record, Djokovic has been mighty impressive, winning 13 matches and only losing four. Zverev will next face fifth-seeded Canadian Milos Raonic , who defeated Tomas Berdych of the Czech Republic 6-3, 6-2.
It reported that the messages, which began when the girl was a sophomore in high school, indicated Weiner knew she was a minor. In a plea agreement with prosecutors, he agreed not to appeal any sentence between 21 and 27 months in prison.
Everton set sights on transfer targets as Europe beckons
Everton boss Ronald Koeman is not confident Ross Barkley will stay with the club but is "not worried" about the situation. It is after the game, on Monday - then we will know it". "And - it is not about his decision - we will go on".