Saskatchewan · CCAA
Sixth Report of the Monitor
Court officer report · 17 April 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 filing20 verified
- courtCourt of King's Bench for Saskatchewan
- court file noKBG-SA-1435-2025
- proceeding typeCCAA proceeding
- provinceSaskatchewan
- report noSixth Report
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c.C-36, as amended
- commencement date1 December 2025
- operational summaryThe Monitor reports on the closing of the Transaction between the AgraCity Group and UFA approved under the SAVO, and on considerations related to the Appeal and prejudice arising from the adjournment of the April 8 Hearing.
- secured creditorsBusiness Development Bank of Canada (BDC) and United Farmers of Alberta Co-operative Limited (UFA), as the Interim Lender
- financial positionIf the SAVO was not granted, the AgraCity Group was forecast to only have sufficient liquidity to continue operations within the CCAA Proceedings only until April 17, 2026.
- report date17 April 2026
- closing confirmedscope: the Purchased Assets · outcome: completed · effective: 2026-03-31 · purchaser: UFA · date basis: stated
- disbursementsnote: Post-closing disbursements: BDC Distribution $7,747,683 and Net Final Payroll (excluding payroll remittances) $407,487. · since: Closing Date (March 31, 2026) · amount: 8155170 · currency: CAD
- operational summaryThe AgraCity Group's business and substantially all property were sold to UFA under the SAVO, which closed March 31, 2026; substantially all employees were terminated and hired by UFA, and the CCAA Entities no longer hold the Purchased Assets, with proceedings continuing amid an appeal of the sale approval.
- purchaserUFA
- report date17 April 2026
- report noSixth Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: the Transaction constituting a sale of the business and substantially all property of the AgraCity Group to UFA was approved by this Court pursuant to the SAVO and the sale closed on March 31, 2026 · scope: whole_business · status: closed
- stalking horseUFA