Ontario · CCAA
Eighth Report of the Monitor
Court officer report · 21 October 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 filing11 verified
- cash on handnote: Ending cash per actual vs forecast summary table; text states approximately $2.0 million, table shows $2,008,833 · as at: 2025-10-11 · amount: 2008833 · currency: CAD · qualifier: approximately $2.0 million
- disbursementsnote: Total operating disbursements for the twenty-one-week period ending October 11, 2025; excludes debt servicing of $19,553,186 · since: May 18, 2025 · amount: 10263013 · currency: CAD
- operational summaryThe Debtors have stabilized operations under the CRO's stewardship and continue operating in the ordinary course while the Monitor and Sales Agent conduct a sale and investment solicitation process (SISP), which has resulted in selection of a Successful Bid; the Debtors are seeking a further stay extension to close the transaction.
- process resultsbids: 4 · lois: 9 · ndas: 29 · note: 9 LOIs at Phase 1 Bid Deadline, 6 determined Phase 1 Qualified Bids; 4 Phase 2 binding offers received at Qualified Bid Deadline · as of: 2025-09-29 · solicited: 108 · qualified bids: 4
- professional feesnote: Actual professional fees disbursed per cash flow statement; forecast for period was $1,896,868 · party: Monitor, counsel to the Monitor, CRO, counsel to the CRO, and Sales Agent (combined, per cash flow reporting) · amount: 1873038 · period: May 18, 2025 to October 11, 2025 · currency: CAD
- purchaserprice: sealed: false · currency: CAD · scope: the Transaction · status: proposed · name note: Successful Bidder under the SISP, unnamed pending Approval Order motion · structure: auction · name source: recital · relationship: unstated
- receipts cumulativenote: Total receipts for the twenty-one-week period ending October 11, 2025 · since: May 18, 2025 · amount: 24041434 · currency: CAD
- report date21 October 2025
- report noEighth Report
- sale advisorCanadian Imperial Bank of Commerce
- sale outcometext: Successful Bid selected under the SISP; Approval Order to be sought · scope: whole_business · status: bid_selected