Ecolomondo Corporation (TSXV:ECM) and four related entities
Follow- Proceeding
- CCAACompanies' Creditor Arrangement Act, RSC 1985. C C-36, as amended
- File
- 500-11-067298-261
Ecolomondo Corporation (TSXV:ECM) and four related entities have been under CCAA protection since May 21, 2026, when the initial order was granted with a stay expiring May 29, 2026. Further orders were made on June 1, June 2 and June 22, 2026, with stay periods recorded as extended to June 2, June 19 and August 21, 2026, and stay expiry dates of June 22 and August 26, 2026. A sale process is running, with a Phase 1 bid deadline of August 10, 2026. Audited consolidated figures at December 31, 2025 show total assets of $54,016,440 against total liabilities of $55,529,311, an equity deficit of approximately $1.5 million. Export Development Canada, holding first-ranking security over Ecolomondo Hawkesbury's assets under a guarantee from Ecolomondo Corporation, was owed $54,555,097 as of May 11, 2026.
Interim order granted, with the stay period recorded as extended to October 23, 2026 and an outside date of October 22, 2026.
Source: Order Extending the Stay of Proceedings - 2026‑10‑09 [ ]
Application for the Issuance of (i) an Approval and Vesting Order and (ii) an Order Extending the Stay Period — Application / notice of application
Application for an Order Extending the Stay of Proceedings — Application / notice of application
Monitor's Third Report recorded approximately $505,000 cash at September 6, approximately $351,000 above forecast, reported selection of a Successful Bid with an APA being finalized, and an odorous water discharge at Hawkesbury drawing MECP involvement.
Source: Third Report of the Monitor
Application for the Issuance of an Order Extending the Stay of Period — Application / notice of application
Second Amended and Restated Initial Order extended the stay to August 26, 2026, approved the SISP Procedures, and raised the DIP Charge to $3,000,000 with the A&R DIP Facility limit at $2,500,000.
Monitor's Second Report put cash at approximately $318,000 as at June 14, approximately $82,000 above forecast, recommended approval of the proposed SISP Order, and reported the TDP line moving to care and maintenance.
Source: Second Report of the Monitor
Application for the Issuance of a Second Amended and Restated Initial Order, a SISP Order, and Ancillary Relief — Amended and restated initial order
Stay of proceedings extended to June 22, 2026, continuing protection for Ecolomondo Corporation and the four related debtor entities.
Monitor's First Report recorded closing cash of $310,143 at May 24 against $1,626 of disbursements over the three days from filing, and set out the Monitor's review of the business with the Debtors' engineering team weighing continued, limited or care-and-maintenance operations.
Source: First report of the Monitor
Interim order granted before Justice Janet Michelin of the Superior Court (Commercial Division), with the stay of proceedings extended to June 2, 2026.
Monitor's Application for an extension of the Stay of Period and for an Amended and Restated Initial Order — Amended and restated initial order
Initial order granted CCAA protection to Ecolomondo Corporation and four related entities, appointed KPMG Inc. as Monitor, stayed proceedings to May 29, 2026, and created a $360,000 DIP Charge.
Source: Initial order
Application for an Initial Order and for an Amended and Restated Initial Order — Amended and restated initial order
Outcome brief
Ecolomondo: Tire Reviver's price stays sealed, and $350,000 waits on the pond
On October 22, Justice Janet Michelin approved the sale of substantially all of Ecolomondo's assets, its Hawkesbury tire plant included, to Tire Reviver Inc. at a sealed price, with a $350,000 environmental holdback and the United Steelworkers collective agreement assumed by the buyer. The CCAA goes on, with the next hearing set for November 27.
Case update
Ecolomondo: the fire test that pushed the bid deadline back a week
A fire test at Ecolomondo's Hawkesbury tire plant on August 21 flushed water into its stormwater pond, and some odorous water reached a municipal ditch, KPMG's Third Report says. The monitor moved Phase 2 bids back a week, has chosen a bidder, and asks for a stay to October 2 to finish the purchase agreement.
Filing brief
Ecolomondo: the board resigned, so the monitor filed the application
All but one director quit on the morning of the CCAA filing. The last one resigned in the hours after the extension application was served. So the application to extend the stay was brought by KPMG rather than by the debtors — a public company with a tire-pyrolysis plant, hazardous material on site, about $310,000 in the bank, and utilities now asking for deposits.
Debtor
Ecolomondo Corporation (TSXV:ECM) and four related entities
Monitor
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Janetmichelin | Superior Court of Québec | 7 orders, May 2026 – Oct 2026 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKPMG | McCarthy Tétrault LLP | 22 Jun 2026 | Application · 18 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Export Development Canada (Interim Lender under the A&R DIP Facility; described as sole secured creditor of the Debtors) · in 106 casesDIP Charge (super-priority) securing the A&R DIP Facility; interest at prime plus 7.5% (11.95%), PIK/capitalized monthly. Amount is the closing DIP Facility balance at Sept 27, 2026: principal $2,125,000 plus PIK interest $38,273. — Monitor describes EDC as 'the Interim Lender and sole secured creditor of the Debtors' (supports the Transaction). The pre-filing EDC secured debt is not stated on these pages (see Pre-Filing Report). Forecast DIP balance at Nov 29, 2026 is $2,543,718 (principal $2,456,000 + PIK $87,718) — forecast, not a current balance. — debtor: Ecolomondo Corporation and subsid · as of 27 Sep 2026 | $2.16M | Fourth Report of the Monitor |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
72 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSuccessful bid selected — Monitor has selected a Successful Bid and is finalizing the APA; transaction not yet before the Court for approvalThird Report of the Monitor · 10 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Successful Bid selected; APA being finalized, purchaser referred to as 'Potential Purchaser'the assets · asset sale | not stated | Proposedoutside 22 Oct 2026 | Third Report of the Monitor |
Closed · the record states no distribution outcome.
As at ·
Cumulative disbursements
$1.63K
As at 1 Jun 2026First report of the Monitor
Cash on hand
As at
1 more reported figure, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Approval and Vesting Order | PDF · Subscribers | |
Discharge Order (in French only)
| PDF · Subscribers | |
Minutes of the Hearing held on October 22, 2026
| PDF · Subscribers | |
Order Extending the Stay of Proceedings - 2026‑10‑09 [ ]
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of (i) an Approval and Vesting Order and (ii) an Order Extending the Stay Period
| PDF · Subscribers | |
Application for an Order Extending the Stay of Proceedings
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Service list 2026-08-26
| PDF · Subscribers | |
Application for the Issuance of an Order Extending the Stay of Period
| PDF · Subscribers | |
Project EcoLoop Teaser
| PDF · Subscribers | |
SISP Order
| PDF · Subscribers | |
Second Amended and Restated Initial Order
| PDF · Subscribers | |
Service list
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of a Second Amended and Restated Initial Order, a SISP Order, and Ancillary Relief
| PDF · Subscribers | |
List of creditors
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
First report of the Monitor
| PDF · Subscribers | |
Order extending the stay of proceedings
| PDF · Subscribers | |
Monitor's Application for an extension of the Stay of Period and for an Amended and Restated Initial Order
| PDF · Subscribers | |
Notice to creditors of the Initial Order
| PDF · Subscribers | |
Initial order
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor
| PDF · Subscribers | |
Application for an Initial Order and for an Amended and Restated Initial Order
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Ecolomondo Corporation (TSXV:ECM) and four related entities” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/ecolomondo-corporation-tsxv-ecm-and-four-related-entities