The organizers behind the canceled Canadian Roxodus Festival have filed for bankruptcy with nearly $14 million (USD) owed to creditors. According to liquidator Grant Thornton Limited, the festival that was abruptly nixed days before it was set to begin owes around 200 creditors, with the largest debts owed to contractors Taurus Site Services and ticketer Eventbrite.
"Our dream of producing a ‘once in a lifetime experience’ has been put on hold as we take the much-needed time to nurture our venue into a premier landmark in Ontario," Roxodus producer MF Live said in statement on July 3. "We sincerely thank all of the artists, sponsors, partners, and neighbors who have supported us from the very beginning. The embrace from our community has meant the world to us and we hope to one day see our dream come to life."
MF Live owes Eventbrite nearly $4 million and Taurus roughly $8.5 million for an advance on ticket sales for the four-day festival that was slated to take place from July 11-14 at Edenvale Aerodome in Ontario. MF Live canceled the rock festival on July 3 and filed for bankruptcy on July 12.