Newfoundland and Labrador · CCAA
Monitor's Tenth Report dated July 20, 2026
Court officer report · 20 July 2026
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What we verified from this filing11 verified
- cash on handnote: Figure matches 'FUNDS ON HAND' total in Appendix F Statement of Receipts and Disbursements (Feb 10, 2025 to July 17, 2026); to be distributed as estimates to complete and to the Receiver once fees are approved. · as at: 2026-07-17 · amount: 173034.81 · currency: CAD · qualifier: residual funds pending final distribution, subject to Court approval of fees
- closing confirmedscope: the DTL License · outcome: completed · purchaser: Hake Harvesters Limited · date basis: unstated
- disbursementsnote: Total disbursements (excluding payments to the Receiver as creditor) per Statement of Receipts and Disbursements covering February 10, 2025 to July 17, 2026; separately, $14,113,641.68 was paid to Ernst & Young Inc. as Receiver. · since: February 10, 2025 · amount: 591372.41 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2026-05-19 · kind: cumulative · quote: Summary of Monitor's Significant Activities August 30, 2025 to May 19, 2026 · start: 2025-08-30 · approval: state: unstated · averages: rate: 463.33 · quote: at an average rate of approximately $463.33/hour · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: TENTH REPORT OF GRANT THORNTON LIMITED IN ITS CAPACITY AS MONITOR · hours total: quote: The Monitor incurred 286.75 hours through May 19, 2026, at an average rate of approximately $463.33/hour. · value: 286.75 · context quote: IN ITS CAPACITY AS MONITOR
- operational summaryFollowing the January 2026 Receivership Order, the Companies have ceased to have any activity or participation in the CCAA proceedings, with Ernst & Young Inc. as Receiver now controlling all remaining assets while the Monitor completes the sale of the DTL fishing license, wind-up of the estate, and eventual termination of the CCAA proceedings.
- professional feesnote: Includes fees of $132,860.00, administrative fees of $9,395.60, expenses of $2,872.94 and HST of $20,324.98; a further estimate to complete of $16,460.18 is separate. Monitor's counsel Stewart McKelvey separately incurred $39,201.66 (incl. HST) through June 30, 2026, with an estimate to complete of $4,500 plus $585.00 HST. · party: Monitor (Grant Thornton Limited) · amount: 165453.52 · period: September 1, 2025 through May 19, 2026 · currency: CAD
- purchaserHake Harvesters Limited
- receipts cumulativenote: Total receipts per Statement of Receipts and Disbursements covering February 10, 2025 to July 17, 2026 (General and Asset Sales accounts combined). · since: February 10, 2025 · amount: 14878048.9 · currency: CAD
- report date20 July 2026
- report noTenth Report
- sale outcometext: Sale of the DTL License to HHL completed, concluding the SISP · scope: parcel · status: closed