Ontario · CCAA
Seventh Report to the Court
Court officer report · 27 February 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Closing cash balance for the 22-week Monitored Period ended February 13, 2026, per the actual vs. projected cash flow table. · as at: 2026-02-13 · amount: 1078646 · currency: CAD
- disbursementsnote: Total Disbursements for the Monitored Period per actual vs projected cash flow table. · since: start of the 22-week Monitored Period (opening balance basis, week ended February 13, 2026) · amount: 13612137 · currency: CAD
- operational summaryConstruction on the 1451 Wellington condominium project has entered its final phase, with levels P3-6 complete and work continuing on floors 7-12 and retail units, while the Company also pursues a Reset Model to renegotiate pre-sale prices and a Deposit Return Protocol for terminating purchasers.
- professional feesnote: Actual figure per cash flow variance table; labelled 'Professional Fees- CCAA'. · party: CCAA professionals (Monitor, Monitor's counsel, Company's counsel, DIP Lender's counsel/consultants) · amount: 358052 · period: 22 week period ended February 13, 2026 · currency: CAD
- receipts cumulativenote: Total Receipts for the Monitored Period per actual vs projected cash flow table. · since: start of the 22-week Monitored Period (opening balance basis, week ended February 13, 2026) · amount: 14220316 · currency: CAD
- report date27 February 2026
- report noSeventh Report