British Columbia · CCAA
Supplement to the Fifth Report of the Monitor dated December 17, 2025
Court officer report · 17 December 2025
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
- report date17 December 2025
- operational summaryThe Company has finalized its debt financing documents and the equity financing documents await signature, and the Company is expected to continue operating as a going concern after emerging from the CCAA proceedings. The two Unresolved Restructuring Claims and the landlords' Unaffected Claims have been resolved consensually, and the Monitor continues to recommend that Affected Creditors vote in favour of the Plan.
- recovery outcomeentries: basis: plan · quote: the finalizing of the documentation of the equity financing provides increased certainty regarding the Company's ability to satisfy its distribution obligations to Affected Creditors under the Plan, resulting in a recovery of 4% of Accepted Claims, and the debt financing will support the Company's working capital needs to operate as a going-concern post-emergence from the CCAA Proceedings; and · pct of: unstated · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-12-17 · table missing:
- report date17 December 2025
- report noSupplement to the Fifth Report