Ontario · CCAA
Sixth Report of the Monitor dated September 11, 2023
Court officer report · 11 September 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2023-08-31 · kind: cumulative · label: the Period · quote: For the Period of February 1, 2023 to August 31, 2023 · start: 2023-02-01 · approval: state: unstated · averages: rate: 602.54 · quote: the Monitor's average hourly rate for the Period was $602.54 · scope: the Monitor · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: SIXTH REPORT OF KSV RESTRUCTURING INC. AS MONITOR · context quote: Sixth Report of KSV Restructuring Inc. as CCAA Monitor of Trichome Financial Corp.; form: report_table · rows: · money: total: quote: approved the fees and disbursements, including Harmonized Sales Tax (' HST '), of Cassels in the amount of $181,723.54 · amount: 181723.54 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2022-11-30 · kind: invoice · quote: incurred during the period from November 7, 2022 to November 30, 2022 · start: 2022-11-07 · approval: quote: approved the fees and disbursements, including Harmonized Sales Tax (' HST '), of Cassels in the amount of $181,723.54 incurred during the period from November 7, 2022 to November 30, 2022. · state: approved · averages: rate: 783.64 · quote: The average hourly rate charged by Cassels for this period is $783.64. · scope: Cassels for this period · currency: · invoices: · firm text: Cassels · firm quote: Cassels in the amount of $181,723.54 incurred during the period from November 7, 2022 to November 30, 2022. · context quote: its counsel, Cassels
- recovery outcomeentries: basis: liquidation_alternative · quote: despite the fact that Cortland and Trichome will suffer a significant or total shortfall under the ABL Agreement and the Trichome Secured Promissory Note, respectively, the Transaction provides for a materially better recovery than would be otherwise achieved through the Wind-Down or in a bankruptcy; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Cortland (ABL Agreement) · creditor name: Cortland · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: despite the fact that Cortland and Trichome will suffer a significant or total shortfall under the ABL Agreement and the Trichome Secured Promissory Note, respectively, the Transaction provides for a materially better recovery than would be otherwise achieved through the Wind-Down or in a bankruptcy; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Trichome (Secured Promissory Note) · creditor name: Trichome · interim final: unstated · claims qualifier: unstated · table missing: