Ontario · CCAA
First Report of the Monitor
Court officer report · 25 September 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
- secured creditorsnote: Plus accrued and unpaid interest and fees; approximate figure as reported. FCC also acts as DIP Lender in these proceedings. · page: 6 · as of: 2026-09-14 · amount: 12900000 · debtor: Applicants · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Secured lending; principal amount approximate
- secured creditorsnote: Plus accrued and unpaid interest and fees; approximate figure as reported. · page: 7 · as of: 2026-09-14 · amount: 4900000 · debtor: Applicants · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Secured lending; approximate principal amount
- unsecured creditorsnote: Includes approximately $1.6 million owing to building contractors in connection with work on the Elmira Facility; document does not itemize individual creditors beyond this subset. · page: 7 · as of: 2026-09-14 · basis: Reported by Monitor as approximate unsecured debt of Gumpert · amount: 6400000 · debtor: Gumpert (S. Gumpert Co. of Canada Ltd.) · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Subset of the $6.4 million unsecured debt figure; not a separate aggregate. · page: 7 · as of: 2026-09-14 · basis: Reported by Monitor as approximate amount owing · amount: 1600000 · debtor: Gumpert (S. Gumpert Co. of Canada Ltd.) · creditor: Building contractors (Elmira Facility work) · currency: CAD
- secured creditorsnote: Initial advance funded under DIP Facility Agreement dated September 17, 2026; maximum facility/charge amount being increased to $2,000,000 (facility limit, not outstanding balance) under proposed ARIO. · page: 10 · as of: 2026-09-23 · amount: 1250000 · debtor: Applicants · creditor: Farm Credit Canada (FCC), as DIP Lender · currency: CAD · security: DIP Lender's Charge (super-priority Court-ordered charge), second ranking, subordinate only to Administration Charge
- insolvency professionalDavid Saldanha
- operational summaryThe Applicants continue to operate the Elmira Facility without significant disruption during the CCAA proceedings, producing and selling bakery ingredients and specialty food products while preparing for their busy season, and the Monitor is assisting with a proposed SISP and DIP financing to support ongoing operations.
- proposed bid deadline8 December 2026
- report date25 September 2026
- report noFirst Report
- what is offeredThe business and assets of the Gumpert Group, a bakery ingredients manufacturer, including the Elmira production and storage facilities, or an investment in or recapitalization of it · Elmira, Ontario
- sale outcometext: The Applicants seek approval of a proposed two-phase SISP to solicit proposals to purchase or invest in some or all of the Applicants' assets and/or business; the SISP is to commence October 5, 2026. · scope: whole_business · status: process_approved