British Columbia · CCAA
Fourth Report of the Monitor dated November 17, 2025
Court officer report · 17 November 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 filing8 verified
- report date17 November 2025
- report noFourth
- operational summarySince the last report, the Company has rightsized its operations from 42 to 34 retail locations in Canada and the U.S., negotiated lease amendments, exited eight retail locations, issued five notices of disclaimer, and continued advancing restructuring efforts including negotiations for an ABL Facility, equity financing, and engagement with secured creditors and landlords.
- cash on handamount: 3781000 · currency: CAD
- professional feesamount: 1555000 · currency: CAD
- operational summaryThe Petitioners continue to operate their retail and e-commerce business while restructuring, having right-sized from 42 to 34 retail locations in Canada and the U.S. and negotiating improved supplier payment terms. They are finalizing a plan of compromise and arrangement, with equity financing and an ABL facility being negotiated to support post-emergence working capital.
- report date17 November 2025
- report noFourth Report