Ontario · Receivership (court-appointed)
Fifth Report of the Receiver dated May 27, 2021
Court officer report · 27 May 2021
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
- closing confirmedscope: the 237B Property · outcome: completed · effective: 2021-05-04 · purchaser: TS Pharmaceutical Ltd. · date basis: stated; scope: all of the issued and outstanding shares of PureSinse Inc. · outcome: not_completed · effective: 2021-04-01 · purchaser: TS Pharmaceutical Ltd. · date basis: stated
- operational summaryThe Respondents ceased all operations and terminated their employees in May 2020 while the Receiver liquidates their assets. The 237B Property and equipment sale to the Purchaser closed May 4, 2021, but the related share transaction has not closed, and the Purchaser has not engaged on it since.
- purchaserTS Pharmaceutical Ltd.; TS Pharmaceutical Ltd.
- report date27 May 2021
- report noFifth Report
- sale outcometext: Asset transaction closed May 4, 2021 after multiple missed closing deadlines by the Purchaser; the related share purchase agreement was terminated · scope: parcel · status: closed