Pemberton Music Festival cancelled

Pemberton Music Festival cancelled

The Pemberton Music Festival in British Columbia has filed for bankruptcy and this year's event has been cancelled.

Meanwhile, tickets are still available for purchase on their website.

Those who have already bought tickets to the event that was scheduled to start July 13 may also be out of luck when it comes to getting a quick refund.

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.

In response to the announcement, music festival producer Huka Entertainment has released a statement. It read, "For the past four years Huka Entertainment has worked to create a one-of-a-kind experience in the most handsome place on earth".

Court documents reveal the Pemberton Music Festival's revenue to date was just over $8 million but expenses had reached $22 million.

The Pemberton Music Festival has been cancelled. "In addition, the Pemberton Music Festival experienced increasing difficulty in sourcing talent for the 2017 festival due to a limited number of artists touring in 2017".

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Chart-topping artists Chance the Rapper, Muse and A Tribe Called Quest were all slated to headline the four-day festival in July. At the 2016 festival, a police investigation was launched after a stabbing at a camping area.

"Unfortunately there are no automatic refunds from PMF", the website reads. It may take several weeks before it is known whether Huka Entertainment will have the assets to issue refunds to customers.

"We would be remiss to provide the option of attending WayHome to Fyre Festival purchasers and not extend that same offer to our WayHomies on the west", Way Home organizers wrote in a statement Thursday.

"If you paid on credit card, that's going to be your best recourse because you can go through the chargeback process with the credit card because obviously the services won't be provided".

"In due course, the Trustee will provide further details concerning contact information for the various credit cards and financial institutions on its website".

Follow HuffPost Canada on Facebook, Twitter, and Instagram. At first, the signs were pointing south when their social media pages suddenly disappeared.To make matters even worse, the company that runs the festival, Ernst & Young, has filed for bankruptcy, which means that anyone who purchased a ticket will not get a refund.