Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 13 August 2026
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What we verified from this filing10 verified
- closing confirmedscope: the Delaware Transaction · outcome: completed · effective: 2026-05-08 · date basis: stated · approval order date: 2026-04-15
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 802.37 · quote: Total hours invoiced by the Monitor in this period were 715.80 for an average hourly rate charged of $802.37/hour · currency: · invoices: · firm text: FTI Consulting Canada Inc. · firm quote: FIFTH REPORT OF FTI CONSULTING CANADA INC., IN ITS CAPACITY AS MONITOR · hours total: quote: Total hours invoiced by the Monitor in this period were 715.80 for an average hourly rate charged of $802.37/hour · value: 715.8 · context quote: appointed FTI Consulting Canada Inc. (' FTI ') as the monitor of the Original Applicants
- operational summaryThe CC Group is winding down operations in markets without sufficient bidder interest, closing dispensaries, cultivation and manufacturing facilities, and returning leased premises to landlords, while pursuing going-concern sale transactions (Vireo and Maryland) for its remaining markets.
- process resultslois: 12 · ndas: 15 · note: Phase 1 of the Pre-Filing Sale Process · as of: 2025-07-18 · solicited: 17 · qualified bids: 11
- professional feesnote: Includes fees C$574,333.50, disbursements C$9,270.98, and HST C$75,868.62; Torys LLP (Monitor's counsel) fees for May 1-July 31, 2026 totaled C$323,456.29 (fees C$286,244.50, disbursements C$0, HST C$37,211.79) · party: Monitor (FTI Consulting Canada Inc.) · amount: 659473.1 · period: May 11, 2026 to July 26, 2026 · currency: CAD
- purchaserVireo Health of Arcadia, LLC; Free State Botanicals Holdings LLC; 6797 Bowman Frederick LLC; Holistic Industries Inc.
- report date13 August 2026
- report noFifth Report
- sale advisorMoelis & Company LLC; Ducera Partners LLC
- sale outcometext: Vireo Sale Approval Order and Maryland Sale Approval Order sought; process ongoing · scope: parcel · status: pending_approval