Saskatchewan · CCAA
009. Eighth Report of the Monitor
Court officer report · 24 July 2026
What we verified from this filing14 verified
- report date24 July 2026
- report noEighth Report
- operational summaryThe CCAA Entities operated as a collective business unit in Canada's agriculture industry, supplying crop protection products, specialty fertilizers, and other crop inputs directly to Canadian farmers; since the Seventh Report, the Monitor assisted with post-closing matters including a CRA GST audit, satisfying property tax obligations, initiating the Claims Process, assisting with the sale of Ford Trucks, monitoring cash receipts and disbursements, corresponding with creditors, entering consulting agreements with Jeff Bergen and Jason Mann, and negotiating a purchase offer for the 211 Property.
- professional feesamount: 1524049 · currency: CAD
- closing confirmedscope: the Transaction · outcome: completed · effective: 2026-03-31 · purchaser: UFA · date basis: stated
- operational summaryThe CCAA Entities completed the sale of substantially all their business and assets to UFA (closed March 31, 2026) and are now in a post-closing wind-down phase, with the Monitor administering the Claims Process, collecting receivables, marketing residual property (including the 211 office property), and satisfying secured and other claims from the Net Sale Proceeds.
- professional feesnote: Includes applicable taxes; Monitor's fees and expenses are $264,887.70 and MG's fees and expenses are $123,638.02; additionally total unbilled work in progress of $130,097.42 (Monitor $75,301.80, MG $54,795.62 as of July 24, 2026). · party: Monitor (Ernst & Young Inc.) and its legal counsel McDougall Gauley LLP · amount: 388525.72 · period: since the Seventh Report (May 4, 2026) to date · currency: CAD
- purchaserUFA
- recovery outcomeentries: basis: unstated · quote: The Monitor revised Mitsubishi's Proof of Claim to reflect that Mitsubishi has a secured claim in respect of the Deck in the amount of $5,000, and an unsecured claim for the balance of the debt owed on the Truck. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 5000 · amount high: 5000 · class label: Mitsubishi (Deck) · creditor name: Mitsubishi · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Monitor seeks authorization to distribute $644,788.50 of the Net Sale Proceeds (plus approximately $15,262.94 in accrued interest from the date the Proof of Claim to July 29, 2026) to satisfy the MT Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 644788.5 · amount high: 644788.5 · class label: MT Claim (Miller Thomson) · creditor name: Miller Thomson · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Use of Sale Proceeds Table 2.0 CAD$, unaudited Notes Amount BDC Distribution 1 (7,747,683) KERP Payment 2 (396,584) Final Payroll 2 (328,473) Remaining Source Deductions Remittance 2 (74,943) Humboldt Property Taxes 3 (100,549) RM Pense No. 160 Property Taxes 3 (13,594) Professional Fees 4 (1,524,049) Transaction Cure Costs 5 (393,059) Total Use of Sale Proceeds (10,578,934) | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 7747683 · amount high: 7747683 · class label: BDC Distribution · creditor name: Business Development Bank of Canada · interim final: unstated · currency quote: CAD$, unaudited · claims qualifier: unstated · stated on: 2026-07-24 · table missing:
- report date24 July 2026
- report noEighth Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: the sale of substantially all of the CCAA Entities' business and property to UFA was approved by this Court pursuant to the SAVO and the Transaction closed on March 31, 2026 · scope: whole_business · status: closed
- stalking horseUFA