Ontario · Interim receivership
Second Report of the Proposal Trustee and Interim Receiver
Court officer report · 19 July 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 filing56 verified
- secured creditorsnote: Described as Assembly's principal/senior secured creditor. On or about April 27, 2026 PaceZero delivered demand notices for repayment of the PaceZero Facilities to Assembly and its guarantors. As of July 15, 2026 PaceZero advised it was not agreeable to use of its cash collateral to fund a stay extension/Project completion and intended to realize on its cash and other collateral via a receivership application. · page: 4 · debtor: Assembly Corp. · creditor: PaceZero Sustainable Credit Fund II, by its general partner PaceZero Capital Partners GP II Ltd. ("PaceZero") · currency: CAD · security: Security over all of Assembly's assets and undertakings (the "PaceZero Security"); underlying debt referred to as the "PaceZero Facilities" (facility amount/outstanding balance not stated on the pages provided)
- financial positionnote: Current assets ~$6,170,000 (cash and cash equivalents, accounts receivable, prepaid expenses, deposit and holdback receivable) and non-current assets ~$1,510,000 (property, plant and equipment and amounts owing by related entities); current liabilities ~$15,200,000 (accounts payable, current loan payables, accrued loan liabilities, vacation pay accrual, holdbacks payable) and non-current liabilities ~$8,600,000 (long-term loan payables). · page: 31 · as at: 2026-05-23 · basis: Approximate figures per the Company's unaudited internal financial information, as reported by the Proposal Trustee in the First Report · scope: Assembly Corp. (entity-level, unconsolidated) · currency: CAD · total assets: 7680000 · total liabilities: 23800000
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-06-03 · amount: 430821 · debtor: Assembly Corp. · creditor: Symtech Mechanical Solutions Ltd. · currency: CAD · security: Construction lien (Instrument AT7078042) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-06-03 · amount: 33011 · debtor: Assembly Corp. · creditor: Apex Bath Accessories Ltd. · currency: CAD · security: Construction lien (Instrument AT7078215) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-06-04 · amount: 144409 · debtor: Assembly Corp. · creditor: Sarmazian Brothers Limited · currency: CAD · security: Construction lien (Instrument AT7079536) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-07-02 · amount: 2229163 · debtor: Assembly Corp. · creditor: Loftin Ltd. · currency: CAD · security: Construction lien (Instrument AT7098159) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-07-02 · amount: 76543 · debtor: Assembly Corp. · creditor: Cabinet Solutions Inc. · currency: CAD · security: Construction lien (Instrument AT7098671) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-07-03 · amount: 159249 · debtor: Assembly Corp. · creditor: McCallum Sather Architects Inc. · currency: CAD · security: Construction lien (Instrument AT7099806) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-07-10 · amount: 10489 · debtor: Assembly Corp. · creditor: Thornton Tomasetti Canada Inc. · currency: CAD · security: Construction lien (Instrument AT7104362) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-07-10 · amount: 314565 · debtor: Assembly Corp. · creditor: Urban Garden Supply Company Limited o/a Urban Garden · currency: CAD · security: Construction lien (Instrument AT7105386) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-05-29 · amount: 247060 · debtor: Assembly Corp. · creditor: Flynn Canada Ltd. · currency: CAD · security: Construction lien (Instrument AT7073700) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-06-02 · amount: 217368 · debtor: Assembly Corp. · creditor: Birnie Electric Limited · currency: CAD · security: Construction lien (Instrument AT7076890) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 93 · as of: 2026-05-21 · amount: 105796 · debtor: Assembly Corp. · creditor: Stephenson's Rental Services Inc. · currency: CAD · security: Construction lien (Instrument AT7067481) registered against title of the Kingston Project (PIN 06429-0396), owner: Thunder Woman Healing Lodge Society
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-05-25 · amount: 246763 · debtor: Assembly Corp. · creditor: Foremont Drywall (Highrise/ICI Division) Ltd. · currency: CAD · security: Construction lien (Instrument AT7069241) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-02 · amount: 266236 · debtor: Assembly Corp. · creditor: Birnie Electric Limited · currency: CAD · security: Construction lien (Instrument AT7076649) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-03 · amount: 614493 · debtor: Assembly Corp. · creditor: Apex Mechanical Ltd. · currency: CAD · security: Construction lien (Instrument AT7077838) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Second, separate Project Lien by same claimant (City-Funded Project) · page: 94 · as of: 2026-06-03 · amount: 158702 · debtor: Assembly Corp. · creditor: Apex Mechanical Ltd. · currency: CAD · security: Construction lien (Instrument AT7077888) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-03 · amount: 2746 · debtor: Assembly Corp. · creditor: Apex Bath Accessories Ltd. · currency: CAD · security: Construction lien (Instrument AT7077936) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-05 · amount: 138973 · debtor: Assembly Corp. · creditor: City Concrete Construction Inc. · currency: CAD · security: Construction lien (Instrument AT7080334) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-05 · amount: 8075 · debtor: Assembly Corp. · creditor: Miral Cladding Inc. · currency: CAD · security: Construction lien (Instrument AT7080582) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-12 · amount: 503269 · debtor: Assembly Corp. · creditor: Fab Structures Inc. · currency: CAD · security: Construction lien (Instrument AT7085106) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-06-22 · amount: 23837 · debtor: Assembly Corp. · creditor: Tykel Commercial Door Supply Inc. · currency: CAD · security: Construction lien (Instrument AT7090941) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-02 · amount: 2423171 · debtor: Assembly Corp. · creditor: Loftin Ltd. · currency: CAD · security: Construction lien (Instrument AT7098172) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-03 · amount: 244425 · debtor: Assembly Corp. · creditor: McCallum Sather Architects Inc. · currency: CAD · security: Construction lien (Instrument AT7099829) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-06 · amount: 197786 · debtor: Assembly Corp. · creditor: S'Thetics Building Services Inc. · currency: CAD · security: Construction lien (Instrument AT7099986) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-10 · amount: 44998 · debtor: Assembly Corp. · creditor: Thornton Tomasetti Canada Inc. · currency: CAD · security: Construction lien (Instrument AT7104363) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-10 · amount: 107106 · debtor: Assembly Corp. · creditor: Delta Elevator Company Limited · currency: CAD · security: Construction lien (Instrument AT7105103) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-13 · amount: 737203 · debtor: Assembly Corp. · creditor: Dunford-Liscio (Ontario) Inc. · currency: CAD · security: Construction lien (Instrument AT7106026) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-07-14 · amount: 45887 · debtor: Assembly Corp. · creditor: Polygon Restoration Inc. / Polygon Après Sinistre Inc. · currency: CAD · security: Construction lien (Instrument AT7106989) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 94 · as of: 2026-05-21 · amount: 161630 · debtor: Assembly Corp. · creditor: Stephenson's Rental Services Inc. · currency: CAD · security: Construction lien (Instrument AT7067480) registered against title of the Bowden Project (PIN 21064-0286), owner: WoodGreen Community Housing Inc.
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-07-03 · amount: 74113 · debtor: Assembly Corp. · creditor: McCallum Sather Architects Inc. · currency: CAD · security: Construction lien (Instrument AT7099813) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-03-05 · amount: 1918781 · debtor: Assembly Corp. · creditor: Loftin Ltd. · currency: CAD · security: Construction lien (Instrument AT7020810) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-04-08 · amount: 115988 · debtor: Assembly Corp. · creditor: Peninsula Glass Inc. · currency: CAD · security: Construction lien (Instrument AT7039977) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-06-03 · amount: 310247 · debtor: Assembly Corp. · creditor: Symtech Mechanical Solutions Ltd. · currency: CAD · security: Construction lien (Instrument AT7078030) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-06-04 · amount: 131786 · debtor: Assembly Corp. · creditor: Sarmazian Brothers Limited · currency: CAD · security: Construction lien (Instrument AT7079505) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-06-11 · amount: 265928 · debtor: Assembly Corp. · creditor: Omni System Solutions Inc. · currency: CAD · security: Construction lien (Instrument AT7084353) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 95 · as of: 2026-06-25 · amount: 92649 · debtor: Assembly Corp. · creditor: Birnie Electric Limited · currency: CAD · security: Construction lien (Instrument AT7093800) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Second, separate Project Lien by same claimant (City-Funded Project) · page: 95 · as of: 2026-07-02 · amount: 111887 · debtor: Assembly Corp. · creditor: Loftin Ltd. · currency: CAD · security: Construction lien (Instrument AT7098152) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project); three earlier liens on this property (Scott Construction Management (Ontario) Inc., S. Egan Construction Ltd., and Flynn Canada Ltd.) are discharged/deleted and excluded · page: 95 · as of: 2026-07-10 · amount: 227448 · debtor: Assembly Corp. · creditor: Urban Garden Supply Company Limited · currency: CAD · security: Construction lien (Instrument AT7105383) registered against title of the Wellesley Project (PIN 21087-0136), owner: The Elizabeth Fry Society Toronto Branch
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-05-25 · amount: 257639 · debtor: Assembly Corp. · creditor: Foremont Drywall (Highrise/ICI Division) Ltd. · currency: CAD · security: Construction lien (Instrument AT7069263) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-02 · amount: 583307 · debtor: Assembly Corp. · creditor: Birnie Electric Limited · currency: CAD · security: Construction lien (Instrument AT7076658) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-03 · amount: 480617 · debtor: Assembly Corp. · creditor: Apex Mechanical Ltd. · currency: CAD · security: Construction lien (Instrument AT7077969) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Second, separate Project Lien by same claimant (City-Funded Project) · page: 96 · as of: 2026-06-03 · amount: 92186 · debtor: Assembly Corp. · creditor: Apex Mechanical Ltd. · currency: CAD · security: Construction lien (Instrument AT7078088) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-03 · amount: 7253 · debtor: Assembly Corp. · creditor: Apex Bath Accessories Ltd. · currency: CAD · security: Construction lien (Instrument AT7078171) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-05 · amount: 170621 · debtor: Assembly Corp. · creditor: City Concrete Construction Inc. · currency: CAD · security: Construction lien (Instrument AT7080335) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-08 · amount: 79100 · debtor: Assembly Corp. · creditor: Groundheat Solar Wind Corp. · currency: CAD · security: Construction lien (Instrument AT7081228) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-12 · amount: 247961 · debtor: Assembly Corp. · creditor: Fab Structures Inc. · currency: CAD · security: Construction lien (Instrument AT7085105) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-06-22 · amount: 49254 · debtor: Assembly Corp. · creditor: Tykel Commercial Door Supply Inc. · currency: CAD · security: Construction lien (Instrument AT7090939) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-02 · amount: 1972780 · debtor: Assembly Corp. · creditor: Loftin Ltd. · currency: CAD · security: Construction lien (Instrument AT7098165) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-03 · amount: 172450 · debtor: Assembly Corp. · creditor: McCallum Sather Architects Inc. · currency: CAD · security: Construction lien (Instrument AT7099788) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-07 · amount: 68172 · debtor: Assembly Corp. · creditor: Develepro Inc. · currency: CAD · security: Construction lien (Instrument AT7100976) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-08 · amount: 135909 · debtor: Assembly Corp. · creditor: Bond Securcom Inc. · currency: CAD · security: Construction lien (Instrument AT7102329) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-10 · amount: 37419 · debtor: Assembly Corp. · creditor: Thornton Tomasetti Canada Inc. · currency: CAD · security: Construction lien (Instrument AT7104368) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2026-07-10 · amount: 120971 · debtor: Assembly Corp. · creditor: Delta Elevator Company Limited · currency: CAD · security: Construction lien (Instrument AT7105121) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project); two 2015 liens on this property (C and R Air Systems Inc. and Le Groupe Master Inc.) are discharged/deleted and excluded · page: 96 · as of: 2026-07-13 · amount: 50569 · debtor: Assembly Corp. · creditor: Safaraconstruction Corporation · currency: CAD · security: Construction lien (Instrument AT7106303) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto
- secured creditorsnote: Project Lien (City-Funded Project) · page: 96 · as of: 2025-10-24 · amount: 43181 · debtor: Assembly Corp. · creditor: Earth Drilling Co Ltd · currency: CAD · security: Construction lien (Instrument AT6929005) registered against title of the Vanauley Project (PIN 21238-0146), owner: YMCA of Greater Toronto