Ontario · CCAA
Supplement to the Second Report of the Monitor
Court officer report · 16 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 filing7 verified
- cash on handnote: Stated in the appended Second Report (Appendix A, dated Sept 16, 2024) as Tokyo Smoke's cash balance at September 6, 2024 (forecast $320,000); the supplement itself states no cash figure. · as at: 2024-09-06 · amount: 529000 · currency: CAD · qualifier: approximately
- disbursementsnote: From the appended Second Report's cash flow variance table: total disbursements (4,302) vs forecast (5,791), in CAD $000s, unaudited; excludes the separate non-applicant net cash flow line. · since: August 24, 2024 (start of the two-week Reporting Period ended September 6, 2024) · amount: 4302000 · currency: CAD
- operational summaryThe Applicants are carrying out an operational restructuring (closing underperforming stores and negotiating lease amendments) alongside a court-supervised sale and investment solicitation process, with management's attention focused on both. The Monitor supports staying the Canopy Arbitration against related party DAK so management is not distracted.
- professional feesnote: From the cash flow variance table in the appended Second Report; shown as (302) in CAD $000s, unaudited, versus forecast (626). It is a disbursement line, not a statement of fees incurred by the Monitor or counsel; tax treatment not stated. · party: Tokyo Smoke (Applicants) — professional fees disbursed; payee(s) not itemized · amount: 302000 · period: two-week period August 24, 2024 to September 6, 2024 · currency: CAD
- receipts cumulativenote: From the appended Second Report's cash flow variance table (CAD $000s, unaudited): actual receipts 3,209 vs forecast 2,674. This is a two-week cumulative figure, not since the filing date. · since: August 24, 2024 (start of the two-week Reporting Period ended September 6, 2024) · amount: 3209000 · currency: CAD
- report date16 October 2024
- report noSupplement to the Second Report of the Monitor