Ontario · CCAA
First Report of the Proposal Trustee and the Proposed Monitor dated October 5 2021
Court officer report · 5 October 2021
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 filing7 verified
- operational summaryMedifocus has halted sales of Prolieve since May 2021 due to COVID-related demand decline and supply chain disruption, faced a liquidity crisis, and is seeking DIP financing and a stalking horse sale process while the NOI proceedings are converted to CCAA.
- purchaserAsset Profits Limited
- report date5 October 2021
- report noFirst Report
- sale advisormsi Spergel Inc.
- sale outcometext: Company proposing Court approval of a sale process and stalking horse agreement · scope: whole_business · status: process_approved
- stalking horseAsset Profits Limited