Ontario · NOI
Brands - Third Report of the Proposal Trustee
Court officer report · 8 April 2025
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What we verified from this filing6 verified
- closing confirmedscope: the Purchased Assets · outcome: completed · purchaser: Rejoice Industries Canada Inc. · date basis: unstated · approval order date: 2025-02-20; scope: the Litigation Claims · outcome: completed · purchaser: 1001125540 Ontario Inc. · date basis: unstated · approval order date: 2025-02-20
- fee scheduleengagements: form: invoice_listing · rows: Pritesh Patel; Broderick Lomax; Mackenzie Wong; Angelina Hung; Annette Chopowick; fees: 221547.5 · hours: 366.9 · quote: Total | 366.90 | | 221,547.50 $ · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: HST · quote: $ 31,187.90 · amount: 31187.9 · fees: quote: Total $ 221,547.50 · amount: 221547.5 · total: quote: $ 271,094.80 · amount: 271094.8 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $ 18,359.40 · amount: 18359.4 · period: end: 2025-04-02 · kind: cumulative · label: the 'Period' · quote: the Proposal Trustee has provided services and incurred disbursements, in the amount of $239,906.90 (excluding HST) in the period from December 14, 2024 to April 2, 2025 (the ' Period '). · start: 2024-12-14 · approval: state: unstated · averages: rate: 603.84 · quote: Blended average hourly rate: $ 603.84 · scope: Blended average hourly rate · currency: code: CAD · quote: CAD · invoices: tax: 6263.85 · date: 2025-01-10 · fees: 45031.25 · quote: Professional services rendered from December 14 to December 31. · total: 54447.28 · period end: 2024-12-31 · period start: 2024-12-14; tax: 6375.48 · fees: 45318.75 · quote: Professional services rendered from January 1 to January 24, 2025. · total: 55417.61 · period end: 2025-01-24 · period start: 2025-01-01 · disbursements: 551.07; tax: 4506.43 · date: 2025-03-05 · fees: 30247.5 · quote: Professional services rendered from January 25 to February 7, 2025. · total: 39171.26 · period end: 2025-02-07 · period start: 2025-01-25 · disbursements: 2300; tax: 8638.98 · fees: 62106.25 · quote: Professional services rendered from February 8 to February 28, 2025. · total: 75092.67 · period end: 2025-02-28 · period start: 2025-02-08; tax: 5403.17 · date: 2025-04-04 · fees: 38843.75 · quote: Professional services rendered from March 3 to April 2, 2025. · total: 46965.98 · period end: 2025-04-02 · period start: 2025-03-03 · firm text: KPMG Inc. · firm quote: THIRD REPORT OF KPMG INC., IN ITS CAPACITY AS PROPOSAL TRUSTEE · hours total: quote: 366.90 · value: 366.9 · context quote: I am a Senior Vice President of KPMG Inc. (' KPMG '); form: rate_chart · rows: Mike Shakra; Mike Shakra; Dom Sorbara; Dom Sorbara; Fatima Kawar; Fatima Kawar; Linda Fraser-Richardson; Linda Fraser-Richardson; Olivia D'Innocenzo; Jane Sergievskaya · money: tax: label: HST · quote: Plus 13% HST | $9,961.77 · amount: 9961.77 · fees: quote: TOTAL | $76,629.00 · amount: 76629 · total: quote: Grand Total: | $86,590.77 · amount: 86590.77 · includes tax: true · approximate: false · period: end: 2025-04-02 · kind: invoice · quote: have prepared an affidavit with respect to the services rendered for the period from December 19, 2024 to April 2, 2025. · start: 2024-12-19 · approval: state: unstated · averages: rate: 875 · quote: Blended Rate (before HST) | $875 · currency: code: CAD · quote: Total Compensation (CAD) (before HST) · invoices: · firm text: Bennett Jones LLP · firm quote: APPENDIX 'B' - AFFIDAVIT OF MIKE SHAKRA, SWORN APRIL 7, 2025 RE: FEES OF BENNETT JONES LLP · hours total: quote: Total Hours | 87.60 · value: 87.6 · context quote: these proceedings in a manner consistent with the instructions of the Proposal Trustee and have prepared an affidavit with respect to the services rendered for the period from December 19, 2024 to April 2, 2025.
- purchaserAMG Global Holdings ULC; Rejoice Industries Canada Inc.; 1001125540 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: After payment of amounts owing in connection with the Administration Charge and accounting for the Priority Claims Reserve, the Proposal Trustee notes that CWB suffer a shortfall on its secured advances to Brands. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: CWB · creditor name: CWB · interim final: unstated · claims qualifier: unstated · stated on: 2025-04-08 · table missing:
- sale outcometext: The Rejoice Transaction and Litigation Claims Transaction have closed pursuant to the AVOs. · scope: whole_business · status: closed
- stalking horseAMG Global Holdings ULC