Manitoba · Receivership (court-appointed)
Third Report of the Receiver – Dated October 2, 2024
Court officer report · 2 October 2024
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 filing11 verified
- cash on handnote: Funds held in trust by the Receiver per the statement of receipts and disbursements for June 11 to September 27, 2024; the statement's table also shows a separate USD column (approx. 21,581 held in trust). · as at: 2024-09-27 · amount: 1016441 · currency: CAD
- closing confirmedscope: specific assets of Genesus and Can-AM · outcome: completed · effective: 2024-07-26 · purchaser: Genesus Genetics Technology Inc. · date basis: stated · approval order date: 2024-07-26; scope: specific assets · outcome: not_completed · purchaser: Genesus Genetics Technology Inc. · date basis: unstated · approval order date: 2024-07-04
- disbursementsnote: Total disbursements for the period June 11, 2024 to September 27, 2024; includes $500,000 repayment of the Receiver's borrowing. · since: June 11, 2024 (Date of Receivership) · amount: 2596652 · currency: CAD
- operational summaryThe business has been largely wound down: key assets were sold to GGTI, the Riverdale and Park Blvd. properties are under court-approval sale agreements, and the Receiver is continuing to collect receivables, list remaining properties, auction equipment and solicit interest in shares and royalty agreements.
- professional feesnote: Receiver's fees per the Statement of Receipts and Disbursements. Legal fees and disbursements are shown separately at $211,268. The report text itself states no professional fee figure; tax treatment is not stated. · party: BDO Canada Limited (Receiver) · amount: 248991 · period: June 11, 2024 to September 27, 2024 · currency: CAD
- purchaserGenesus Genetics Technology Inc.; Genesus Genetics Technology Inc.; price: sealed: false · scope: the Riverdale barn and property · status: proposed · name note: purchaser of the Riverdale barn and property · structure: real_property · name source: operative · relationship: unstated; Zeljko Bogdanoivc
- receipts cumulativenote: Total receipts for the period June 11, 2024 to September 27, 2024; includes $500,000 of Receiver's borrowings. The statement also shows USD receipts of 231,360 in a separate column. · since: June 11, 2024 (Date of Receivership) · amount: 3613093 · currency: CAD
- report date2 October 2024
- report noThird Report
- sale advisorCentury 21 Bachman & Associates
- sale outcometext: offers to purchase the Park Boulevard Property and the Riverdale barn and property · scope: parcel · status: pending_approval