British Columbia · CCAA
Seventh Report of the Monitor
Court officer report · 5 July 2023
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What we verified from this filing7 verified
- cash on handnote: Ending cash per cash flow actuals shown as $14,106 in table; text states approximately $14,000 · as at: 2023-07-02 · amount: 14000 · currency: CAD · qualifier: approximately
- operational summaryCanWest continues limited operations amid ongoing disruption from missing inventory/equipment stolen from its former Langley premises, which has hurt revenues and liquidity; the company is pursuing closing of a share purchase agreement and implementation of a plan of arrangement.
- professional feesnote: No payments were made to professionals subsequent to the Fifth Report · party: Petitioners' professional advisors · amount: 315000 · period: as at June 30, 2023 · currency: CAD
- purchaserMAR ONE Aviation L.L.C.
- report date5 July 2023
- report noSeventh Report
- sale outcometext: the closing of the SPA will result in the best recovery for all stakeholders · scope: whole_business · status: approved