Alberta · CCAA
Second Report of the Monitor
Court officer report · 4 June 2026
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What we verified from this filing18 verified
- report date25 May 2026
- report noSecond Report
- operational summaryThe Debtors operate several water, solids, and hydrocarbon treatment facilities in Alberta and Saskatchewan, and are also focused on acquiring, developing, building, and operating various renewable natural gas (RNG) and bioenergy projects in North America.
- cash on handamount: 2085000 · currency: CAD
- professional feesamount: 425000 · currency: CAD
- receipts cumulativeamount: 3565000 · currency: CAD
- cash on handnote: Stated as current cash position following the actual-to-projected review for the period ending May 15, 2026. · as at: 2026-05-15 · amount: 2085000 · currency: CAD · qualifier: currently
- closing confirmedscope: specific assets of the Companies (the January 2026 Transaction) · outcome: completed · effective: 2026-01-30 · date basis: stated
- disbursementsnote: Report gives separate subtotals for Non-Discretionary Outflows (actual $3,643,000) and Discretionary Outflows (actual $968,000) rather than a single combined total disbursements figure. · since: February 21, 2026 · currency: CAD
- operational summaryThe Debtors continue to operate their water treatment assets and RNG/bioenergy projects while the Monitor conducts a Sale and Investment Solicitation Process (SISP), currently in Phase 2 with bid deadlines extended, and management continues acting in good faith to preserve asset value pending a stay extension.
- process resultsnote: Teaser distributed to approximately 40 counterparties; Phase 1 Qualified Bidders submitted EOIs · as of: 2026-05-25 · solicited: 40
- professional feesnote: Figure is from the CFS#1 variance analysis table (actual vs. projected); projected amount was $600,000, actual was $425,000. · party: Professionals (aggregate, per Cash Flow Statement No. 1 variance analysis; not attributed to a specific professional) · amount: 425000 · period: February 21, 2026 to May 15, 2026 · currency: CAD
- purchaserprice: sealed: false · scope: Water Assets · status: proposed · name note: sale/investment transaction under SISP not yet identified · structure: auction · name source: recital · relationship: unstated; price: sealed: false · scope: specific assets of the Companies (not already included in other possible sale transactions the Companies are exploring) · status: closed · name note: purchaser of specific assets under the January 2026 Transaction, unnamed · structure: assets · name source: recital · relationship: unstated; price: sealed: false · scope: all of the shares in Green Impact Operating Corp. · status: not_completed · name note: definitive share sale agreement for shares in Green Impact Operating Corp., unnamed purchaser · structure: shares · name source: recital · relationship: unstated · agreement date: 2025-05-01
- receipts cumulativenote: Actual total cash receipts for the period February 21, 2026 to May 15, 2026, per Table 1.0 variance analysis. · since: February 21, 2026 · amount: 3565000 · currency: CAD
- report date25 May 2026
- report noSecond Report of the Monitor
- sale advisorEYParthenon Corporate Finance Inc.
- sale outcometext: SISP for the Water Assets is ongoing, currently in Phase 2, with bid deadline extended · scope: parcel · status: liquidation_in_progress