Ontario · CCAA
Fourth Report of the Monitor dated April 9, 2026
Court officer report · 9 April 2026
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What we verified from this filing11 verified
- report noFourth Report
- report date9 April 2026
- professional feesunit: thousands · amount: -2997 · period: April 6, 2026 to June 26, 2026 (forecast) · currency: CAD
- operational summarySince the Third Report, the Monitor corresponded with the Applicants' management and legal counsel, posted materials to the Case Website, assisted with SISP activities including management presentations and negotiation of the Subscription Agreement, assisted an external auditor in completing the fiscal 2025 audit, corresponded with the Administrative Agent and its advisors, assisted in preparing the Cash Flow Forecast, and drafted this Fourth Report.
- receipts cumulativeamount: 18136000 · currency: USD
- cash on handamount: 2406000 · currency: USD · qualifier: approximately
- process resultsbids: 4 · lois: 10 · note: Ten LOIs received on the LOI Deadline, seven advanced to Phase 2; on or around March 20, 2026 four offers received, two in the form of definitive documents. · as of: 2026-03-20 · qualified bids: 4
- purchaser1001542267 Ontario Inc.
- recovery outcomeentries: basis: liquidation_alternative · quote: As a result of the SISP, the Monitor is of the view that there would be no amounts available for distribution to any of the Applicants' creditors that are subordinate to the Lenders under any other viable alternative process. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: creditors that are subordinate to the Lenders · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-09 · table missing:
- sale advisorOrigin Merchant Partners
- sale outcometext: Selection of the Successful Bid pursuant to the SISP, to be implemented via Subscription Agreement and RVO, not yet closed · scope: whole_business · status: pending_approval