Ontario · CCAA
Thirty-Seventh Report of the Monitor, dated February 24, 2026
Court officer report · 24 February 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 filing7 verified
- operational summaryThe Pride Entities are in an orderly wind-down under the CCAA, monetizing remaining real estate. This report supports approval of the sale of the 3000 Pitfield property in Saint-Laurent, Québec for $22.867 million (including $87,500 allocated to EV chargers) and distribution of net proceeds to BMO and Daimler, with a shortfall expected to BMO.
- purchaserBrandt Properties Ltd.
- recovery outcomeentries: basis: estimated · quote: The 3000 Pitfield Secured Indebtedness exceeds the net proceeds from the proposed sale of the 3000 Pitfield Property anticipated to be available after payment of the Outstanding Taxes and closing costs, resulting in a shortfall to BMO on its direct mortgage indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated · stated on: 2026-02-24 · table missing:
- report date24 February 2026
- report noThirty Seventh Report of the Monitor
- sale advisorCBRE Limited
- sale outcometext: Motion returnable February 27, 2026 for approval of the 3000 Pitfield Sale Agreement · scope: parcel · status: pending_approval