Ontario · CCAA
Seventh Report of the Receiver and Manager and Pre-Filing Report of the Proposed Monitor
Court officer report · 8 April 2026
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What we verified from this filing14 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.
- receipts cumulativeunit: million · amount: 4.9 · currency: CAD
- 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
- receipts cumulativenote: Cumulative actual receipts over disbursements of the Debtors is approximately $4.9 million (net figure, not a receipts total); separate per-debtor statements of receipts and disbursements are attached as Appendix D but not summed here per reporting rules. · since: May 8, 2023 · currency: CAD
- 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