Ontario · CCAA
First Report of the Monitor dated June 24, 2025
Court officer report · 24 June 2025
Also filed as: First Report of the Monitor dated June 24, 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 filing8 verified · 6 withheld
- commencement date15 May 2025
- courtOntario Superior Court of Justice (Commercial List)
- court file noCV-25-00743383-00CL
- proceeding typeCCAA proceeding (Companies' Creditors Arrangement Act)
- provinceOntario
- secured creditors855 Ontario (1001112855 Ontario Inc.) is the Applicants' principal secured creditor, owed approximately $16.3 million as of June 23, 2025 under the Loan Agreement and Bridge Loan.
- financial positionAs of June 22, 2025, the Applicants had a consolidated cash balance of approximately $727,000, with the DIP Facility providing sufficient liquidity to fund obligations through the proposed stay extension period.
- statutory basisSection 10(2)(b) of the CCAA
6 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.