British Columbia · NOI
Third Report of the Proposal Trustee
Court officer report · 25 March 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 filing7 verified
- cash on handnote: Closing cash balance at end of actual cash flow period Feb 16 - Mar 15, 2026 · as at: 2026-03-15 · amount: 67902 · currency: CAD
- operational summaryThe Company continues to operate and occupy its manufacturing facility, is current on rent, and is proceeding through a sale and investment solicitation process (SISP) with several qualified bidders while seeking a further stay extension to complete a viable proposal.
- process resultsbids: 0 · ndas: 7 · note: 99 potential financial and strategic buyers identified; 7 NDAs signed; 5 parties deemed Qualified Bidders; no bids submitted as of the date of this report · as of: 2026-03-25 · solicited: 99 · qualified bids: 5
- professional feesnote: Company's counsel Lawson had approximately $69,000 in outstanding accounts receivable; forecast also includes further estimated fees of $260,627 for Proposal Trustee and counsel and $201,605 for Company counsel over the Second Cash Flow Period. · party: Proposal Trustee and its counsel · amount: 101000 · period: since the commencement of these proceedings · currency: CAD
- report date25 March 2026
- report noThird Report
- sale outcometext: No bids have been submitted since the commencement of marketing on March 9, 2026 · scope: whole_business · status: liquidation_in_progress