Alberta · CCAA
Canadian Land 1 - 2025 Annual Report
Court officer report · 31 May 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 filing10 verified
- cash on handnote: Reported in table as $2,990 (CAD, $000's) - Ending cash balance · as at: 2025-12-31 · amount: 2990000 · currency: CAD
- closing confirmedscope: Henley Heights LDP · outcome: completed · effective: 2017-11-24 · purchaser: Henley Heights JV Ltd. · date basis: stated · approval order date: 2017-11-20; scope: Stony Industrial LDP · outcome: completed · effective: 2018-09-19 · purchaser: Royal West Property Corp. · date basis: stated · approval order date: 2018-08-10; scope: School Site · outcome: completed · effective: 2025-03-25 · purchaser: The City of Edmonton · date basis: stated · approval order date: 2024-11-25
- disbursementsnote: Total Disbursements for the Reporting Period (Jan 1, 2025 - Dec 31, 2025) · since: January 1, 2025 · amount: 68000 · currency: CAD
- operational summaryThe Monitor has realized on all remaining assets of Canadian Land, including the Henley Heights and Stony Industrial land development projects and the School Site, and has completed the administration of the estate under the Enhancement Order; a final distribution to equity holders is expected once the outstanding lawsuit against Walton Group entities is resolved.
- professional feesnote: Forecast professional fees for 2026 estimated at $50,000 (Monitor and Monitor's counsel) - separate forecast figure · party: CCAA professional fees (Canadian Land's legal counsel, the Monitor, the Monitor's legal counsel) · amount: 31000 · period: January 1, 2025 to December 31, 2025 · currency: CAD
- purchaserHenley Heights JV Ltd.; Royal West Property Corp.; The City of Edmonton
- receipts cumulativenote: Total receipts for the Reporting Period (Jan 1, 2025 - Dec 31, 2025); forecast total receipts of $95,000 for 2026 is a separate forward-looking figure · since: January 1, 2025 · amount: 707000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The Monitor has made aggregate distributions of $4.8 million to Claimants representing 100% of the value of proven claims filed against Canadian Land. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 4800000 · cumulative: true · amount high: 4800000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Proceeds from the Stony Industrial Transaction were not sufficient to fully settle the proven secured claims filed by the Stony Mortgagees. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · amount low: 11800000 · amount high: 11800000 · class label: Stony Mortgagees (proven secured claim) · creditor name: Stony Mortgagees · interim final: unstated · claims qualifier: unstated; basis: actual · quote: A further distribution of $274,000 was made to equity holders of Canadian Land in 2022. · pct of: unstated · outcome: distribution · class key: equity · stated by: monitor · amount low: 274000 · amount high: 274000 · class label: equity holders of Canadian Land (2022 distribution) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: With the receipt of the cash secured LC, and School Site sale proceeds the Monitor expects to make a final distribution to the equity holders of Canadian Land in 2026, subject to resolution of the lawsuit. · pct of: unstated · outcome: distribution · class key: equity · stated by: monitor · amount low: 3030000 · amount high: 3030000 · class label: equity holders of Canadian Land (final distribution) · interim final: final · conditional on: subject to resolution of the lawsuit · claims qualifier: unstated · stated on: 2026-05-31 · table missing:
- report date31 May 2026
- report noCanadian Land 2025 Annual Report