Ontario · NOI
Third Report of the Proposal Trustee (March 25, 2026)
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 filing10 verified
- cash on handas at: 2026-03-14 · amount: 198000 · currency: CAD · qualifier: approximately
- disbursementsnote: Only period disbursement figures discussed (variance analysis for Feb 1 - Mar 14, 2026 Reporting Period); no cumulative-since-filing total stated in this report. · currency: CAD
- operational summaryThe Company continues to operate its cannabis contract manufacturing business as a going concern while implementing the Court-approved SISP; it selected 115 Ontario's credit bid as the Successful Bid, and seeks approval of a reverse vesting transaction and a 45-day stay extension to close the transaction.
- professional feesnote: Fees of $108,052.50 plus HST of $14,046.83; TGF (counsel) fees during TGF Fee Approval Period (Jan 16 - Mar 22, 2026) were $224,160 plus disbursements of $5,806.43 and HST of $29,895.65, totaling $259,862.08. · party: Proposal Trustee (Harris and Partners Inc.) · amount: 122099.33 · period: January 5, 2026 to March 13, 2026 · currency: CAD
- purchaser1158667 Ontario Limited
- receipts cumulativenote: Only period (Reporting Period Feb 1 - Mar 14, 2026) figures given as net cash outflow, not a cumulative receipts total since a stated start; forecast Updated Cash Flow Statement figures (approx $406,000 receipts) are projections, not actuals. · currency: CAD
- report date25 March 2026
- report noThird Report of the Proposal Trustee
- sale outcometext: the Company's motion returnable March 27, 2026 for an order... seeking approval of, among other things: the proposed transaction between the Company and 115 Ontario · scope: whole_business · status: pending_approval
- stalking horse1158667 Ontario Limited (5330160.95)