Ontario · CCAA
Supplement to the First Report of the Monitor dated July 8, 2025
Court officer report · 8 July 2025
Also filed as: Supplement to the First Report of the Monitor dated July 8, 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 filing5 verified
- report date8 July 2025
- receipts cumulativeamount: 1326 · currency: CAD
- cash on handamount: 712000 · currency: CAD
- operational summaryDuring the Forecast Period, the Applicants’ cash receipts from operations were generally in line with projections. The Applicants received approximately $323,000 from RBC, the Applicants’ former secured lender and bank, which was not projected. The Applicants’ disbursements were approximately $588,000 less than projected, largely due to timing differences associated with lab supplies, repair and maintenance and professional fees.
- professional feesamount: 580000 · currency: CAD