Ontario · CCAA
First Report of the Monitor
Court officer report · 13 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 filing6 verified · 1 withheld
- operational summaryThe report addresses the debtor's request for an amended and restated initial order (increased DIP borrowing to $7 million, larger Directors' and Administration Charges, stay extended to October 16, 2026) and a SISP order using a stalking horse credit bid by its CEO/noteholder, with the business continuing operations from its Mississauga and Etobicoke facilities while a sale process is run.
- purchaserMr. Frank Burdzy
- report date13 June 2026
- report noFirst Report
- sale advisorGlassRatner Advisory Canada Inc.
- sale outcometext: The Applicant requests approval of the SISP with the Subscription Agreement as stalking horse bid · scope: whole_business · status: process_approved
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.