British Columbia · CCAA
Sixth Report of the Monitor
Court officer report · 18 March 2026
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What we verified from this filing12 verified
- cash on handnote: Ending cash per actual cash flow variance analysis for the 17-week period ended March 6, 2026 (figures in $000's) · as at: 2026-03-06 · amount: 6634000 · currency: CAD
- closing confirmedscope: the Commercial Unit Transaction · outcome: completed · effective: 2026-01-22 · purchaser: 1559924 B.C. Ltd. · date basis: stated · approval order date: 2026-01-15
- disbursementsnote: Actual total operating costs (disbursements) for the 17-week period ended March 6, 2026; excludes non-operating and financing disbursements which are shown separately (figures in $000's) · since: November 13, 2025 (Filing Date) · amount: 314000 · currency: CAD
- operational summaryThe Petitioners have sold the Commercial Units and are now focused on marketing and selling the remaining 42 residential Strata Units through an exclusive listing agent, with sales activities ramping up for a formal launch in late March 2026.
- process resultsnote: brokerage proposals solicited, not sale bids · as of: 2026-03-18 · solicited: 4
- professional feesnote: Approximate figure; separate from Monitor's/counsel's own restructuring professional fees which are shown as a combined line item in the cash flow statement without a stated total. · party: Cameron Stephens Mortgage Capital Ltd. (CSMC) · amount: 200000 · period: since Filing Date to repayment of Replacement DIP Facility · currency: CAD
- purchaser1559924 B.C. Ltd.; price: note: Minimum Price for each Strata Unit is set out in the sealed Confidential Supplement · sealed: true · scope: any of the remaining 42 residential strata units (the "Strata Units") · status: proposed · name note: purchasers of the remaining 42 residential strata units, not yet identified · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: Actual total receipts for the 17-week period ended March 6, 2026 (figures in $000's) · since: November 13, 2025 (Filing Date) · amount: 7713000 · currency: CAD
- report date18 March 2026
- report noSixth Report of the Monitor
- sale advisorMagnum Projects Ltd.
- sale outcometext: Commercial Unit Transaction closed; Strata Units marketing process about to launch under proposed Sales Approval Process Order · scope: liquidation · status: liquidation_in_progress