Alberta · CCAA
Second Report of the Monitor
Court officer report · 18 July 2025
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 filing9 verified
- cash on handnote: Ending cash balance of approximately $1.2 million, lower than the forecasted ending cash balance of $1.7 million by approximately $523,000. · as at: 2025-07-04 · amount: 1172891 · currency: CAD · qualifier: approximately
- disbursementsnote: Total operating disbursements for the period; forecast was $20,969,885. Interest, professional fees and loan repayments are shown separately as non-operational items. · since: April 12, 2025 to July 4, 2025 (12-week period) · amount: 18512248 · currency: CAD
- operational summaryThe Applicants continue to operate their hog farming operations and all eight Sunterra Markets retail grocery locations during the CCAA proceedings, selling pigs to new buyers via third-party brokers after the US subsidiaries' assets were sold in the US receivership. The Monitor notes no substantial progress toward a refinancing or restructuring and recommends advancing a claims process in parallel with preparations for a future SISP.
- professional feesnote: Actual professional fees paid vs. forecast of $780,000. Second Cash Flow Statement forecasts approximately $1.4 million ($1,368,664) of professional fees over the 22-week forecast period. Tax treatment not stated. · party: Applicants' professional fees (legal counsel, the Monitor and the Monitor's legal counsel) · amount: 787948 · period: 12-week period ended July 4, 2025 (actual) · currency: CAD
- purchaserDouglas Price and Evan Hegedys
- receipts cumulativenote: Total operating receipts for the period (Farms $6,229,922; Markets $12,736,739); forecast was $21,983,900. Non-operational receipts of $4,948,770 are shown separately. · since: April 12, 2025 to July 4, 2025 (12-week period) · amount: 18966661 · currency: CAD
- report date18 July 2025
- report noSecond Report
- sale outcometext: the Applicants are seeking approval for the Dorothy Lands PSA · scope: parcel · status: pending_approval