Mobilicab Inc., a Québec-based distributor of new and used golf carts, was placed into receivership on October 9, 2026, on a joint application by Canadian Imperial Bank of Commerce (CIBC) and Business Development Bank of Canada (BDC), following a sharp deterioration in its financial performance and the cessation of its operations.
Mobilicab is a major Canadian distributor of new and used golf carts, operating establishments in Québec, Ontario, Alberta and British Columbia. The company was acquired in 2017 by Investissement Hatley Inc., which owns several properties used in its operations. Robert Charest, the principal shareholder and director of both companies, guaranteed certain obligations owed to CIBC and BDC. Although the two…