to occur on September 28. The Globe and Mail reported that between February 23 and September 6, 2020, MEC had a net loss of $20.9 million on sales of $162.8 million. The financial advisor to the liquidation process "contacted 158 parties; nine of them ultimately signed a letter of intent contemplating an acquisition of most or all of the assets." MEC owned outright six of 22 retail locations: North York, North Vancouver, Ottawa, Burlington, Calgary and Winnipeg, which had a collective book value of $65.9 million. The Surrey distribution centre had a book value of $24.4 million. On September 25 it was disclosed in the Save MEC Notice of Application for intervenor status that the stakeholding of the 5.7 million members amounted to $192 million, or an average of $33 per member, who represented 22% of the working-age population of Canada. On September 28, the current management responded in a court filing, which said they doubted the ability of Save MEC to address the significant "cash flow issues, noting that the proposed sources of potential funding don't involve concrete commitments or realistic options" and remarked that they feared "the proposed adjournment would put the deal (with Kingswood) in jeopardy." Store locations opened MEC had expanded across Canada as follows: Vancouver (1972) Calgary (downtown) (1977) Toronto (downtown) (1985) Gibson years Ottawa (1992) Edmonton (downtown) (1998) Robinson years Halifax (2001) Winnipeg (2002) Montreal (2003) Quebec City (2004) North Vancouver (2004) Victoria (2006) Labistour years Burlington (2008) Longueuil (2009) Barrie (2010) London, Ontario (2011) Langley (2013) Kelowna (2016) Laval (2016) Edmonton (South Edmonton Common) (2016) Toronto (North York) (2016) Kitchener (2017) Calgary (South) (2018) References External links MEC official website archives 1077 Holdings Co-Operative official website archives 1971 establishments in British Columbia Camping equipment manufacturers Clothing brands of Canada Clothing retailers of Canada Companies based in Vancouver Consumers' co-operatives of Canada Outdoor clothing brands Companies that have filed for bankruptcy in Canada Retail companies established in 1971 Retail companies disestablished in 2020 Sporting goods retailers of Canada