Alberta · CCAA
Vita Crystallina - 2025 Annual Report
Court officer report · 31 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing10 verified
- commencement date28 April 2017
- cash on handnote: Figure reported in $000's in Exhibit 1.0 · as at: 2025-12-31 · amount: 74000 · currency: CAD
- closing confirmedscope: the Vita LDP · outcome: completed · effective: 2018-01-31 · purchaser: Strata Crystallina Development Corporation · date basis: stated · approval order date: 2018-01-10
- operational summaryThe Monitor has completed the realization of all of Vita's assets and finished administering the estate under the Enhancement Order, and now intends to seek court approval for its discharge in Q3 2026 once a final distribution is made to claimants.
- professional feesparty: Monitor (Ernst & Young Inc.) · amount: 11100 · period: January 1, 2025 to December 31, 2025 · currency: CAD
- purchaserStrata Crystallina Development Corporation
- recovery outcomeentries: basis: actual · quote: The Monitor made an aggregate distribution of $900,000 to Claimants in December 2019, representing approximately 29% of the value of proven claims filed against Vita. · pct of: proven_claims · outcome: distribution · pct low: 29 · currency: CAD · pct high: 29 · class key: unsecured · stated by: monitor · amount low: 900000 · cumulative: false · amount high: 900000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: In August 2022, the Monitor made a second distribution of $372,000 to the Claimants, representing 12% of the total value of proven claims. · pct of: proven_claims · outcome: distribution · pct low: 12 · currency: CAD · pct high: 12 · class key: unsecured · stated by: monitor · amount low: 372000 · cumulative: false · amount high: 372000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: The aggregate recover to the Claimants as at December 31, 2022 was 41%. · pct of: unstated · outcome: distribution · pct low: 41 · currency: CAD · pct high: 41 · class key: unsecured · stated by: monitor · cumulative: true · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: No distributions were made during 2023, 2024, or 2025. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As shown in Exhibit 2.0 below, $52,000 is estimated to be available for distribution to the Claimants. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 52000 · amount high: 52000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: estimated · quote: As at December 31, 2025, total distributions of $1,270,000 have been made to the Claimants and based on the estimated funds available for distribution of $52,000, the total estimated recovery to the Claimants is 45%. · pct of: unstated · outcome: distribution · pct low: 45 · currency: CAD · pct high: 45 · class key: unsecured · stated by: monitor · amount low: 1270000 · cumulative: true · amount high: 1270000 · class label: Claimants (unsecured creditors with proven claims) · claims amount: 3091000 · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: proven · stated on: 2026-05-31 · table missing:
- report date31 May 2026
- report no2025 Annual Report
- sale outcometext: The Vita LDP was sold to Strata Crystallina Development Corporation and the Vita Transaction closed on January 31, 2018. · scope: parcel · status: closed