British Columbia · CCAA
Monitor's Eleventh Report, February 19, 2026
Court officer report · 19 February 2026
What we verified from this filing4 verified
- closing confirmedscope: the Langley Farm Transaction · outcome: completed · effective: 2025-11-18 · date basis: stated · approval order date: 2025-11-03
- purchaserprice: note: Proceeds net of sales taxes, property tax adjustment, and commission fees; not the gross purchase price · basis: cash · amount: 2931844 · sealed: false · currency: CAD · scope: real property and chattels located at 25895 88 Avenue, Langley, British Columbia, VIM 3N5 · status: closed · name note: purchaser of the Langley Farm Property, unnamed · structure: real_property · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Based on the Monitor's current estimates of realizations and the anticipated shortfall on the Senior Lenders' secured indebtedness, the Monitor does not expect any recovery to be available to unsecured creditors from proceeds of the Insurance Claims, even if the claims were paid in full. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Monitor's current estimates of realizations and the anticipated shortfall on the Senior Lenders' secured indebtedness, the Monitor does not expect any recovery to be available to unsecured creditors from proceeds of the Insurance Claims, even if the claims were paid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Senior Lenders (RBC and BDC) · creditor name: Senior Lenders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Monitor proposes to make a distribution to RBC, the first secured lender in respect of the Langley Farm Property, in the amount of $2.5 million (the "Second Interim Distribution") from · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 2500000 · amount high: 2500000 · class label: RBC (first secured lender - Langley Farm Property) · creditor name: RBC · interim final: interim · claims qualifier: unstated · stated on: 2026-02-19 · table missing:
- sale outcometext: Closing of the Langley Farm Transaction · scope: parcel · status: closed