Ontario · CCAA
Third Report of the Monitor
Court officer report · 20 October 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 filing9 verified
- secured creditorsnote: Related party: same entity as the senior secured lender and the Debtors' ultimate indirect equity owner. Per the Buxton-Forman Affidavit as of May 15, 2026, inclusive of accrued interest; continues to increase. Court-ordered distributions are sought only on account of the Senior Secured Indebtedness. · page: 8 · as of: 2026-05-15 · amount: 220946979 · debtor: Entourage Group (the Debtors, collectively) · creditor: 2437653 Ontario Inc. (LPF affiliate) – subordinated secured credit facilities · currency: CAD · security: Amended and restated credit agreement dated Jan 31, 2023; appears to be secured by a second mortgage on the Aylmer Property per the Fasken subsearch.
- secured creditorsnote: Figure is the senior secured indebtedness per the Buxton-Forman Affidavit as of May 15, 2026; indebtedness continues to increase with accruing interest. Security opinion (Fasken) concludes security is valid, enforceable and perfected in Ontario; no opinion on priority. Applicant is also the Debtors' subordinated secured creditor and ultimate indirect equity owner (related party). · page: 8 · as of: 2026-05-15 · amount: 19150723 · debtor: Entourage Group (the Debtors, collectively) · creditor: 2437653 Ontario Inc. (LPF affiliate) – Senior Secured Indebtedness (assigned from BMO) · currency: CAD · security: Senior credit agreement dated Oct 28, 2022 (assigned by BMO June 16, 2023); general security agreement and guarantee over personal property of each Debtor; Original BMO Mortgage on the Aylmer Property transferred to Applicant (registered July 10, 2023). Registered charge amount $45,000,000 (registration ceiling, not a balance); related notices of $75,000,000 and $150,000,000 also registered.
- unsecured creditorsnote: Deemed-trust/Crown class. · page: 8 · as of: 2026-06-17 · basis: Debtors owe $419,000 in HST relating to the pre-filing period · amount: 419000 · debtor: Debtors (collectively) · creditor: Canada Revenue Agency – HST (pre-filing) · currency: CAD
- unsecured creditorsnote: Deemed-trust/Crown class. CRA has advised it held cash collateral of $1,331,356 as of Aug 25, 2026, which the Monitor expects will be applied toward the outstanding obligations. · page: 8 · as of: 2026-06-17 · basis: Per the Debtors' records, approximately $1,199,000 excise tax for the pre-filing period March 1 to June 17, 2026 · amount: 1199000 · debtor: Debtors (collectively) · creditor: Canada Revenue Agency – excise tax (pre-filing) · currency: CAD
- secured creditorsnote: Amount is as appears from the registration, not confirmed as a balance; registered after the Applicant's perfecting registrations. · page: 17 · as of: 2025-08-21 · amount: 21472 · debtor: North Star Wellness Inc. · creditor: Ontario Minister of Finance – PPSA registration against North Star Wellness Inc. · currency: CAD · security: Financing statement registered Aug 21, 2025, which appears to relate to an obligation of $21,472
- secured creditorsnote: No amount stated; registered after the registrations perfecting the Applicant's security. · page: 17 · debtor: Entourage Brands Corp. · creditor: Bank of Montreal (BMO) – PPSA registration against Entourage Brands Corp. · currency: CAD · security: Financing statement registered Sept 20, 2023, which appears to relate to a cash collateral account
- purchaser1000460405 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: No distribution to creditors of ResidualCo is contemplated. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: creditors of ResidualCo · interim final: unstated · claims qualifier: unstated · stated on: 2026-10-20 · table missing:
- sale outcometext: Transaction approved by the Court on August 27, 2026; closing pending Health Canada change-of-control review; Monitor seeks termination and distribution order to follow closing · scope: whole_business · status: approved