Quebec · NOI
2026-04-13 Second Monitor's report (in French)
Court officer report · 13 April 2026 · French
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
- report date13 April 2026
- report no2.00
- operational summaryThe proposed reverse vesting transaction will allow continuation of operations at the Debtor's four stores and maintenance of all approximately 300 employees, with repayment of secured creditors and a potential distribution to unsecured creditors through the proposed claims process.
- operational summaryThe debtor continues operating its four grocery stores and ~300 employees while a reverse vesting transaction with a Sobeys/Empire subsidiary is proposed following a sale process; a claims process and stay extension to July 31, 2026 are also sought.
- process resultsbids: 3 · lois: 7 · note: sept (7) Lettres d'intention reçues, quatre (4) qualifiées pour la Phase 2, trois (3) offres contraignantes reçues · as of: 2026-03-20 · qualified bids: 4
- purchaser17820721 Canada inc.
- report date13 April 2026
- report noDeuxième Rapport
- sale advisorRaymond Chabot Grant Thornton & Cie S.E.N.C.R.L.
- sale outcometext: Offre contraignante retenue et transaction proposée en dévolution inversée, conditionnelle à l'ordonnance et à l'approbation du Bureau de la Concurrence · scope: whole_business · status: pending_approval