Alberta · CCAA
First Report of the Monitor
Court officer report · 12 March 2026
Also filed as: First Report of the Monitor
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 filing5 verified
- cash on handnote: Actual ending cash balance for the Reporting Period Feb 22-28, 2026 (unaudited, $CAD 000's table: 1,682); forecast ending cash balance at May 30, 2026 is $1.6 million (projection, not a position). · as at: 2026-02-28 · amount: 1682000 · currency: CAD
- operational summaryThe Companies are continuing to operate in the ordinary course under CCAA protection, selling reusable air devices and flavor core refills (about 80% of sales in the US) with 18 employees, while pursuing Chapter 15 recognition in the US to stabilize operations and a stay extension to May 26, 2026.
- professional feesnote: Actual restructuring professional fees (Canada) of $61K in the one-week Reporting Period; US fees were nil. Forecast over 13 weeks: Canada $735K and US $142K. Tax treatment not stated. · party: Companies' Canadian and US restructuring professionals (Monitor, Monitor's counsel, and Companies' Canadian and US counsel) · amount: 61000 · period: February 22, 2026 to February 28, 2026 · currency: CAD
- report date10 March 2026
- report noFirst Report