Ontario · CCAA

First Report to the Court dated

Court officer report · 22 October 2024

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 filing1 verified

financial positionnote: Components only, not summed: land acquisition and development costs valued at around $85 million, plus limited prepaid expenses and deposits. Liabilities described by category (not totaled): construction loans to Construction Lender/TCC (First Lien Indebtedness ~$73,146,753 and Second Lien Indebtedness ~$7,908,211 as at October 1, 2024), shareholder advances, and trade payables (~$5,051,684 as at September 30, 2024, including $4,836,364 owing to MI). · as at: 2023-12-31 · basis: unaudited financial statements · scope: entity - MDG (Mizrahi Development Group (1451 Wellington) Inc.) · currency: CAD