British Columbia · CCAA
Second Report of the Monitor
Court officer report · 27 January 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 filing7 verified
- cash on handnote: Operating bank account held $532,000; holdback account separately held $8.1 million and is fully funded · as at: 2026-01-09 · amount: 532000 · currency: CAD
- disbursementsnote: Total operating disbursements for the eight weeks ended January 9, 2026 · since: November 15, 2025 · amount: 16579000 · currency: CAD
- operational summaryConstruction at the Development recommenced following Metro-Can payments, with subtrades operating near full capacity, while the Petitioners are pursuing a new plan of arrangement (rather than the terminated Purchase Agreement) to restructure and repay creditors in full.
- professional feesnote: Actual professional fees were $465,000 against forecast $630,000, a favourable variance of $165,000 due to timing · party: Professionals (unspecified, includes Monitor/counsel per CCAA Cash Flow Reporting) · amount: 465000 · period: eight weeks ended January 9, 2026 · currency: CAD
- receipts cumulativenote: Total Receipts for the eight weeks ended January 9, 2026 (C$000s table); actual equalled forecast · since: November 15, 2025 · amount: 99000 · currency: CAD
- report date27 January 2026
- report noSecond Report