Quebec · CCAA
First Report of the Monitor
Court officer report · 9 October 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 filing8 verified
- cash on handnote: Ending cash on hand for the three-week period ended October 2, 2026, per Appendix A (stated in $000s: 129); forecast was 140 · as at: 2026-10-02 · amount: 129000 · currency: CAD
- disbursementsnote: Total cash outflows for the three-week period per Appendix A (in $000s: 5,420); forecast was 7,343. Professional fees paid were nil versus 422 forecast · since: three-week period ended October 2, 2026 · amount: 5420000 · currency: CAD
- operational summaryThe Applicants continue to operate as a going concern under CCAA protection while a sale and investment solicitation process (SISP) is underway, with workforce rationalization measures undertaken and a KERP confirmed with key employees.
- process resultsnote: Teaser and NDA distributed by email to Potential Bidders after SISP launch; no NDA, LOI or bid counts appear in the available text. · as of: 2026-10-09 · solicited: 152
- receipts cumulativenote: Total cash inflows for the three-week period per Appendix A (in $000s: 8,352), comprising collections of 8,319 and other receipts of 34; this is a three-week period figure, not necessarily cumulative since the filing date · since: three-week period ended October 2, 2026 · amount: 8352000 · currency: CAD
- report date9 October 2026
- report noFirst Report
- sale outcometext: The Court approved the SISP Order on September 30, 2026; the Monitor, with EYCF, launched the SISP on October 2, 2026. No bid has been selected; the Monitor is to update the Court on Phase 1 of the SISP at the November 20, 2026 stay expiry. · scope: whole_business · status: process_approved