Quebec · CCAA
Third Report of the Monitor
Court officer report · 11 December 2025
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What we verified from this filing10 verified
- report date11 December 2025
- report noThird Report
- cash on handamount: 27900000 · currency: CAD
- operational summaryThe Monitor considers that the restructuring efforts implemented by the Debtors to date and those contemplated by the proceedings herein are reasonable, and that the Debtors have displayed diligence, good faith and proper intentions in pursuing these restructuring proceedings.
- cash on handnote: Closing cash balance from the actual/opening balance used in the Third Revised Cash Flow Forecast. · as at: 2025-12-05 · amount: 27900000 · currency: CAD
- operational summaryThe Debtors continue to operate in the normal course of business while pursuing a relaunched sale and investment solicitation process, having rejected all Phase 2 binding offers received and given qualified bidders a further opportunity to improve their offers by December 23, 2025.
- report date11 December 2025
- report noThird Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.; Deloitte Restructuring Inc.
- sale outcometext: The Monitor rejected all Binding Offers received in Phase 2 as not currently acceptable and relaunched the SISP to allow bidders a further opportunity to submit or improve offers. · scope: whole_business · status: no_acceptable_bid