Ontario · CCAA
003 Second Report of the Monitor, dated August 20, 2026
Court officer report · 20 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- operational summaryThe Debtors have wound down much of the adult-use cannabis business while continuing to operate the Starseed medical platform at reduced levels, and are pursuing a going-concern sale of substantially all business and assets to a purchaser through a reverse vesting transaction following a completed SISP.
- purchaser1000460405 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: The Applicant, being the Entourage Group's senior secured creditor, supports the proposed Transaction notwithstanding that it is expected to suffer a significant shortfall on its recovery of the indebtedness owed to it even if the Transaction is completed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Applicant (senior secured creditor) · creditor name: 2437653 Ontario Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2026-08-20 · table missing:
- report date20 August 2026
- report noSecond Report
- sale advisorErnst & Young Parthenon Corporate Finance Inc.
- sale outcometext: RVO approving the Subscription Agreement transaction following the SISP · scope: whole_business · status: approved