Newfoundland and Labrador · CCAA
Second Report of the Monitor dated May 29, 2026
Court officer report · 29 May 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 filing8 verified
- commencement date17 February 2026
- fee scheduleengagements: form: prose · rows: · money: tax: label: HST · quote: HST of $15,460.29 · amount: 15460.29 · fees: quote: total fees amounted to $94,092.50 · amount: 94092.5 · approximate: false · disbursements: quote: admin and expenses amounted to $8,976.10 · amount: 8976.1 · period: kind: unstated · approval: state: unstated · averages: rate: 403.83 · quote: At an average rate of approximately $403.83 per hour · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: SECOND REPORT TO THE COURT SUBMITTED BY GRANT THORNTON LIMITED IN ITS CAPACITY AS MONITOR · context quote: appointed Grant Thornton Limited as monitor (' Monitor ') in the CCAA proceedings pursuant to section 11.7 (1) of the CCAA · context unverified: true; form: prose · rows: · money: tax: label: HST · quote: HST of $924.00 · amount: 924 · fees: quote: total fees amounted to $6,580.00 · amount: 6580 · total: quote: for a total of $7,524.00 · amount: 7524 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: plus disbursements of $20.00 · amount: 20 · period: kind: unstated · approval: state: unstated · averages: rate: 470 · quote: At an average rate of approximately $470.00/hour · currency: · invoices: · firm text: Stewart McKelvey · firm quote: Stewart McKelvey incurred approximately 14 hours through April 30, 2026. At an average rate of approximately $470.00/hour, total fees amounted to $6,580.00 · context unverified: true
- operational summaryThe Company wound down operations by liquidating its live hog inventory and frozen beef/pork through wholesale sales, ceased CCAA proceedings after no SISP bids were received, and BMO subsequently appointed MNP Ltd. as private receiver.
- process resultsbids: 0 · ndas: 7 · note: Seven parties became Qualified Bidders after executing NDAs, but no binding bids were received by the Bid Deadline. · as of: 2026-04-29 · solicited: 205 · qualified bids: 0
- professional feesnote: Invoiced fees of $94,092.50, admin and expenses of $8,976.10 and HST of $15,460.29 (Appendix K); excludes the Monitor's $15,000 estimate to complete. Stewart McKelvey's (Monitor's counsel) costs are separate. · party: Monitor (Grant Thornton Limited) · amount: 118528.89 · period: commencement of the CCAA proceedings to May 14, 2026 · currency: CAD
- report date29 May 2026
- report noSecond Report
- sale outcometext: No bids were received in the SISP by the bid deadline, and the SISP has concluded without a transaction. · scope: whole_business · status: no_acceptable_bid