Ontario · CCAA
Eighth Post Plan Implementation Report dated February 4, 2026
Court officer report · 4 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 filing5 verified
- operational summaryMetro discontinued its active business operations in February 2024 and now operates solely as a holding company managing its investments in various Subsidiaries, which continue to pursue growth (e.g., Well, HandFuel) or remain dormant (Spectral) or have negligible value (Recruiter, Leankor).
- professional feesnote: Excludes disbursements and HST; Bennett Jones LLP (Monitor's counsel) fees for the same period total approximately $1,000 · party: KSV Restructuring Inc. (Monitor) · amount: 15000 · period: August 1, 2025 to December 31, 2025 · currency: CAD
- recovery outcomeentries: basis: plan · quote: Under the Plan, unsecured creditors received a cash distribution of 25% of their claims and a promissory note for the balance to be satisfied largely from the prospective sale of the Subsidiaries, or certain of them. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Creditors (Unsecured Creditors, not Convenience Class Creditors) · interim final: unstated · conditional on: balance to be satisfied by promissory note largely from prospective sale of the Subsidiaries · claims qualifier: unstated; basis: plan · quote: On or around February 18, 2022, the CCAA Entities made the Initial Distribution of approximately $4.7 million in respect of the Proven Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 4700000 · amount high: 4700000 · class label: Affected Creditors with Proven Claims · claims amount: 18600000 · interim final: unstated · claims qualifier: proven; basis: unstated · quote: There have been no further distributions to Affected Creditors with Proven Claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Affected Creditors with Proven Claims · interim final: unstated · claims qualifier: unstated · stated on: 2026-02-04 · table missing:
- report date4 February 2026
- report noEighth Post Plan Implementation Report