Ontario · CCAA
Thirty-First Report of the Monitor dated May 27, 2026.pdf
Court officer report · 27 May 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: Appendix 'A' line 'Bank Cash Balance as at May 22, 2026' shows (125,185) in the 'Total Projection Sale Process' column and 125,185 in the 'Total Act.+Proj.' column; the table columns are shifted in the source, so the figure is read from the labelled line and the actual-since-start column shows 14,272,115 on that line. Treat as lower-confidence. · as at: 2026-05-22 · amount: 125185 · currency: CAD
- disbursementsnote: Reads the TOTAL DISBURSEMENTS row, 'Total Actual Since the Start' column; includes 174,327,788 operating and 7,102,403 non-operating disbursements. Table columns are partly shifted in the source. · since: start of the CCAA proceedings (Appendix 'A' 'Total Actual Since the Start' column) · amount: 181430192 · currency: CAD
- operational summaryThe Company has changed direction from completing its Mississauga construction project to running a court-approved sale process for the Project on an as-is basis. Construction is not continuing, only limited site-preservation costs are being incurred, and post-filing trade creditors and professional fees remain unpaid pending funding of the sale process.
- professional feesnote: Approximate fees and disbursements, unpaid; counsel to the Applicant separately have approximately $520,000 unpaid. Further approximately $375,000 anticipated for the Monitor, its counsel and the Transaction Advisor during the Forecast Period (June 1 to July 31, 2026). Tax treatment not stated. · party: Monitor, its counsel and the Transaction Advisor (collectively) · amount: 632000 · period: to date of report, unpaid · currency: CAD
- receipts cumulativenote: Reads the TOTAL CASH RECEIPTS row, 'Total Actual Since the Start' column. The same table's 'Total Financing Receipts' row shows 184,151,832, and the table's columns are visibly shifted in places, so the figure is lower-confidence. · since: start of the CCAA proceedings (Appendix 'A' 'Total Actual Since the Start' column) · amount: 181431140 · currency: CAD
- report date27 May 2026
- report noThirty-First Report