Quebec · CCAA
Eighth Report of the Monitor (in French)
Court officer report · 28 November 2025
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 filing9 verified
- cash on handnote: Ending cash balance (unaudited) per Annexe A comparison of actual vs. forecast for the period ending November 22, 2025; forecast ending balance was 4,766,560. · as at: 2025-11-22 · amount: 1778343 · currency: USD
- closing confirmedscope: certains actifs de LCOP et IPAM · outcome: completed · purchaser: 15563143 Canada Inc. et IPC of America Inc. · date basis: unstated · approval order date: 2023-12-20; scope: certains actifs des Débitrices · outcome: completed · purchaser: JAMP Pharma Manufacturing Inc. · date basis: unstated · approval order date: 2024-03-05
- disbursementsnote: Cumulative actual total outflows (suppliers 263,544; payroll 487,996; restructuring professional fees 704,905) versus forecast of 1,055,420. · since: November 2, 2024 (period ending November 22, 2025) · amount: 1456444 · currency: USD
- operational summaryThe debtors are no longer operating a business; they are pursuing collection of receivables and potential tax refunds (including a Tax Court of Canada appeal and a pending Supreme Court of Canada leave application by minority shareholders), and seek a stay extension to November 30, 2026.
- professional feesnote: Cumulative actual vs. forecast of 295,000 (variance of 409,905, 139%); the report does not state whether the amount excludes tax. · party: Restructuring professionals (cumulative actual restructuring professional fees) · amount: 704905 · period: November 2, 2024 to November 22, 2025 · currency: USD
- purchaser15563143 Canada Inc. et IPC of America Inc.; JAMP Pharma Manufacturing Inc.
- receipts cumulativenote: Cumulative actual cash receipts versus forecast of 3,648,596, attributed to delay in collecting the 3,300 k$ income tax refund. · since: November 2, 2024 (period ending November 22, 2025) · amount: 1061404 · currency: USD
- report date28 November 2025
- report noHUITIÈME RAPPORT DU CONTRÔLEUR