Ontario · CCAA
Seventh Report of the Receiver and Manager and Pre-Filing Report of the Proposed Monitor
Court officer report · 8 April 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 filing12 verified
- report date8 April 2026
- report noSeventh Report
- cash on handamount: 800000 · currency: CAD
- operational summaryThis Seventh Report sets out in detail the activities and work of the Receiver undertaken since the Third Report.
- cash on handnote: Cash held in respect of the Woodbine Companies specifically; separately, Receiver holds approximately $800,000 on behalf of Birchmount Holdings. · amount: 3000000 · currency: CAD · qualifier: approximately
- closing confirmedscope: 1500 Birchmount · outcome: completed · effective: 2024-08-29 · purchaser: 2674553 Ontario Limited · date basis: stated · approval order date: 2024-08-29; scope: 1500 Birchmount · outcome: not_completed · effective: 2023-02-03 · purchaser: Niceforo Enterprises Inc. · date basis: stated
- operational summaryThe Receiver continues to operate Woodbine Mall and Rexdale Mall via a property manager, has resolved fire code and inventory issues, sold 1500 Birchmount, and is now seeking Court approval to convert the Woodbine Companies' receivership into a CCAA proceeding to implement a reverse vesting transaction with a Romspen-controlled purchaser.
- process resultsndas: 38 · note: Rexdale Mall marketing results · solicited: 500
- purchaserprice: note: purchase price more than $4 million less than the Birchmount APS between Niceforo and Birchmount Howden · sealed: false · scope: 1500 Birchmount · status: proposed · name note: unnamed Birchmount Potential Purchaser under APS, due diligence pending · structure: real_property · name source: recital · relationship: unstated · agreement date: 2023-11-22; Niceforo Enterprises Inc.; 2674553 Ontario Limited; price: sealed: false · scope: Rexdale Mall · status: not_completed · name note: potential purchaser under asset purchase agreement for Rexdale Mall, negotiations ongoing/unresolved · structure: real_property · name source: recital · relationship: unstated · agreement date: 2025-08-18
- report date8 April 2026
- report noJoint Seventh Report of the Receiver and Manager and Pre-Filing Report of Ernst & Young Inc. as Proposed Monitor
- sale advisorRoyal LePage Signature Realty; EYRE; Colliers