Ontario · CCAA
002 First Report of the Monitor
Court officer report · 25 June 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 filing10 verified
- report date25 June 2026
- report noFirst Report
- operational summaryThe Debtors employ 22 people, having terminated approximately 53 employees in connection with wind-down of the adult-use business; the medical business continues to operate without significant disruption while the adult-use business is being wound down through disposition of inventory.
- cash on handunit: thousand · amount: 1046 · currency: CAD
- cash on handnote: The Updated Cash Flow Forecast shows an opening balance of $1,046 (thousands) for week 1 and describes it as the anticipated consolidated opening cash-on-hand as at June 29, 2026. The forecast also projects that without the DIP Facility the Debtors would exhaust liquidity by the end of July. · as at: 2026-06-29 · amount: 1046000 · currency: CAD · qualifier: forecast opening balance, not an actual reported balance
- financial positionnote: No total assets or total liabilities are stated, so none are reported or summed. Stated liabilities: as of May 15, 2026 the Debtors owed approximately $240.1 million to the Applicant under the senior and subordinated credit facilities (inclusive of accrued and unpaid interest); approximately $961,000 of excise tax for March 1 to May 31, 2026 per the Debtors' books; unsecured liabilities of over $3,300,000 as of the date of the report (June 25, 2026); the Debtors are current with source deduction remittances per Management. · basis: Figures are drawn from the Debtors' unaudited books and records and management information, which the Monitor has not audited or verified; the report states no total assets or total liabilities. · scope: Consolidated Entourage Group (the seven Debtors); the liabilities are stated as individual items only, not as a total. · currency: CAD
- operational summaryThe Debtors are conducting an orderly wind-down of the adult-use cannabis business (shipping finished goods, selling bulk flower, and planning to dispose of remaining inventory) while the medical business continues in the ordinary course; employees were reduced from about 75 to 22 and operations have continued without significant disruption.
- report date25 June 2026
- report noFirst Report of the Monitor
- sale outcometext: the Applicant's motion for an Order (the 'SISP Order') that authorizes the Monitor to conduct a proposed sale and investment solicitation process (the 'SISP') in respect of the Debtors' businesses and assets · scope: whole_business · status: process_approved