Quebec · CCAA
Eighth Report of the Monitor
Court officer report · 9 September 2026
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What we verified from this filing9 verified
- cash on handnote: Actual closing cash balance as at end of the 17-week comparison period; also opening balance for the Seventh Revised Cash Flow Forecast. · as at: 2026-08-28 · amount: 5158000 · currency: CAD
- closing confirmedscope: the Transaction · outcome: completed · effective: 2026-02-13 · date basis: stated · effective time: 11:59 p.m · approval order date: 2026-02-04
- operational summaryThe Debtors have completed the sale transaction and are winding down remaining operations, continuing to provide transition services to the Purchaser under a TSA (mainly ERP-related), collecting outstanding receivables, and preparing for a further interim distribution and eventual CCAA termination.
- professional feesnote: Actual professional fees per Appendix A cash flow comparison; budget was $494K for same period. · party: Professionals (actual cumulative, per Appendix A cash flow comparison) · amount: 502000 · period: 17-week period ended August 28th, 2026 · currency: CAD
- purchaserprice: sealed: false · scope: the Transaction · status: closed · name note: referred to only as 'the Purchaser'; named in the underlying Sale Approval Judgment/Purchase Agreement not reproduced here · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: actual · quote: On May 1st, 2026, the Monitor proceeded to a first interim distribution of approximately $33,307K to the Lending Syndicate, consisting of Bank of Montreal, as administrative agent, Royal Bank of Canada, JP Morgan Chase Bank, N.A., Toronto Branch, National Bank of Canada, The Bank of Nova Scotia and JP Morgan SE (the "Lending Syndicate"). · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 33307000 · cumulative: false · amount high: 33307000 · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: interim · claims qualifier: unstated; basis: unstated · quote: The Monitor proposes an immediate further interim distribution of $5.5M from the balance of the Sale Proceeds (plus accrued interest) and the Residual Cash to the Lending Syndicate in partial repayment of its indebtedness. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 5500000 · cumulative: false · amount high: 5500000 · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: interim · claims qualifier: unstated · stated on: 2026-09-09 · table missing:
- report date9 September 2026
- report noEighth Report
- sale outcometext: Sale of the business closed following Court approval of the Sale Approval Judgment; Monitor now preparing final distribution and termination. · scope: whole_business · status: closed