Stampede Ranch Owner Faces Receivership Hearing

Southern Alberta’s historic Stampede Ranch, a 135-year-old cattle ranch once operated by Calgary Stampede founder Guy Weadick, is facing a receivership hearing due to a $4.4-million debt owed to Farm Lending Canada Inc. The current operators are attempting to secure refinancing to avoid receivership, with a hearing adjourned to December 2. Legal concerns arise from director Bryce Karl’s prior sanctions by the Alberta Energy Regulator for regulatory violations. Farm Lending seeks a receiver appointment after the debtors defaulted on a $5-million loan, citing ongoing compliance issues and failed refinancing attempts.