Ontario · CCAA
First Report of the Monitor - 2026.02.26
Court officer report · 26 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 filing4 verified
- operational summaryThe Applicant is in CCAA proceedings with no Unit sales ongoing and no proceeds coming in, so operations and the substantially complete Project (remaining construction, deficiency and warranty work) depend on the Surety DIP Facility; the Monitor supports access to at least $1.6 million of it and a stay extension to April 3, 2026.
- professional feesnote: Accrued fees of SLF and its counsel are stated as approximately $115,000; no retainers are in place for the Applicant's counsel, the Monitor, or the Monitor's counsel. The Administration Charge remains at $300,000. · party: Schwartz Levitsky Feldman Inc. (former monitor) and its counsel · amount: 115000 · currency: CAD
- report date26 February 2026
- report noFirst Report