Ontario · Receivership (court-appointed)
Fifth Report of the Receiver dated August 14, 2026
Court officer report · 14 August 2026
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What we verified from this filing7 verified
- closing confirmedscope: Purchased Assets · outcome: completed · effective: 2025-09-02 · purchaser: Giftcraft 2025 Inc. · date basis: stated · approval order date: 2025-07-14
- operational summaryThe receivership has completed the Giftcraft sale transaction and post-closing purchase price adjustment process; the report focuses on resolving a dispute over CTG Disputed Proceeds and seeking authority to distribute them to RBC, with no ongoing business operations described.
- purchaserGiftcraft 2025 Inc.
- recovery outcomeentries: basis: actual · quote: the Canadian Court authorized an interim distribution to RBC in the amount of $8,400,000 (the ' Interim Distribution '), and subsequent distributions in such amounts as the Receiver may determine from time to time are available for distribution, provided the aggregate distributions to RBC do not exceed the indebtedness owing to RBC by the Debtors. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 8400000 · cumulative: false · amount high: 8400000 · class label: RBC · creditor name: Royal Bank of Canada · interim final: interim · currency quote: all monetary amounts noted herein are expressed in Canadian dollars · claims qualifier: unstated · stated on: 2026-08-14 · table missing:
- report date14 August 2026
- report noFifth Report
- sale outcometext: Giftcraft Transaction closed for gross proceeds of approximately $10.4 million · scope: whole_business · status: closed