British Columbia · CCAA
Proposed Monitor's Report
Court officer report · 13 August 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 filing5 verified
- cash on handnote: Opening cash balance in the Cash Flow Forecast at the start of the Forecast Period; a stated opening balance for the forecast, not a later actual. · as at: 2026-08-08 · amount: 271894 · currency: CAD · qualifier: approximately
- financial positionnote: Assets as at April 30, 2026 (book value): cash $135,618; accounts receivable $10,624; inventory $992,378; prepaid expenses $24,920; property and equipment $215,865; other assets $182,430. No total liabilities figure is stated. Components reported: BMO indebtedness $4,367,790.85 (as at May 14, 2026); BDC $954,865.34 (as at June 29, 2026); Shopify $410,960.04 (as at July 30, 2026); Fairway Ventures Corp. $696,266.65 advanced pre-filing; unsecured creditors approximately $226,604 (as at April 30, 2026). These carry different as-at dates and are not summed. · as at: 2026-04-30 · basis: Book values per the Assadkhan Affidavit; the Proposed Monitor relied on unaudited, draft and/or internal information and did not audit it, and notes the book values do not represent realizable value, which could be significantly less in a liquidation. · scope: Vitasave Wellness Inc. (single petitioner entity) · currency: CAD · total assets: 1561835
- operational summaryVitasave is operating as a going concern with about 25 employees, two retail stores and e-commerce sales, but 70-80% of its active catalogue is out of stock. It intends to use DIP funding to restock inventory before pursuing a recapitalization or SISP.
- report date13 August 2026
- report noPre-Filing Report of the Proposed Monitor