Alberta · CCAA
Third Report of the Monitor
Court officer report · 17 June 2026
Also filed as: Third Report of the Monitor
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What we verified from this filing8 verified · 1 withheld
- cash on handnote: SSC Entities' consolidated cash balance · as at: 2026-05-29 · amount: 1150000 · currency: CAD · qualifier: approximately
- operational summaryThe Applicants continue normal-course operations, maintaining regulatory licenses and stakeholder relationships, while working toward closing a sale transaction (via reverse vesting structure) to the Interim Lender under the CCAA proceedings.
- professional feesnote: Excludes disbursements of $5,112.58 and sales taxes; not yet approved by Court. Cassels (Monitor's counsel) fees separately totaled $43,322.50 plus disbursements of $54.50, excluding sales taxes, for February 17, 2026 to May 20, 2026. Monitor also estimated additional fees to complete of approximately $95,000 plus GST (MNP) and $67,000 plus GST (Cassels). · party: MNP Ltd. (Monitor) · amount: 160628.8 · period: February 18, 2026 to May 31, 2026 · currency: CAD
- purchaser1001546386 Ontario Inc.
- receipts cumulativenote: Actual cumulative receipts for the 11-week period ended May 29, 2026, compared to forecast of $8,322,000 (000s), per the Consolidated Cash Flow Variance Analysis. · since: March 14, 2026 · amount: 6147000 · currency: CAD
- report date17 June 2026
- report noThird Report of the Monitor
- sale outcometext: the Interim Lender's bid selected as the Successful Bid pursuant to the SISP, subject to approval by the Court · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.