Ontario · NOI
Supplement to the Second Report dated February 16, 2026
Court officer report · 16 February 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 filing6 verified
- cash on handnote: This figure is a forecast from the Cash Flow Forecast attached to the First Report, referenced in the Endorsement (Appendix A), not a stated actual cash position in the Supplemental Report itself. · as at: 2026-02-14 · amount: 86000 · currency: CAD · qualifier: forecast opening balance
- operational summaryThe Company, a licensed cannabis contract manufacturer, is exceedingly short on liquidity and does not have sufficient cash to continue operations without approval of the Revised DIP Term Sheet; absent DIP financing it would be forced to immediately wind down operations.
- report date16 February 2026
- report noSupplement to the Second Report of the Proposal Trustee
- sale outcometext: Revised SISP approved to replace the SH SISP predicated on a stalking horse agreement that did not exist · scope: whole_business · status: process_approved
- stalking horsestate: stated_none