Ontario · CCAA
Motion Record of the Monitor
Application / notice of application · 20 October 2026
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
- secured creditorsnote: Stated as at May 15, 2026 per the Buxton-Forman Affidavit, inclusive of accrued interest and continuing to increase with accruing interest and no debt service. Applicant is also subordinated secured creditor and ultimate indirect equity owner (related party). Monitor seeks authority to distribute transaction and asset-sale proceeds to the Applicant on this debt after priority charges and reserves. · page: 24 · as of: 2026-05-15 · amount: 19150723 · debtor: Entourage Health Corp., Entourage Brands Corp., 2686912 Ontario Limited, 2686913 Ontario Inc., Starseed Holdings Inc., North Star Wellness Inc., CannTX Life Sciences Inc. · creditor: 2437653 Ontario Inc. (the Applicant; LPF affiliate) - Senior Secured Indebtedness · currency: CAD · security: GSA (with supplements) and Guarantee from the Debtors; Mortgage on the Aylmer Property (Original BMO Mortgage registered 2019-03-29, transferred to the Applicant 2023-07-10). Registered charge amount on title $45,000,000 is a registration ceiling, not a balance. Fasken's Security Opinion concludes the security is valid, enforceable and perfected in Ontario over the personal property of each Debtor and the Aylmer Property; no opinion on priority. Debt arises under the Oct 28, 2022 amended and restated Credit Agreement (originally BMO), assigned to the Applicant June 16, 2023.
- secured creditorsnote: Amount from the Buxton-Forman Affidavit as at May 15, 2026 (inclusive of accrued and unpaid interest, together with the senior debt about $240.1 million); continues to grow with interest. Registered amounts on title are registration ceilings, not balances. Related party: LPF affiliate is also senior secured lender and indirect equity owner. Fasken says the Aylmer Property appears subject to one other charge in favour of the Applicant, a second mortgage granted in connection with the subordinated facilities. Distributions under the proposed order are on account of the Senior Secured Indebtedness only. · page: 24 · as of: 2026-05-15 · amount: 220946979 · debtor: Entourage Health Corp. and the other Debtors · creditor: 2437653 Ontario Inc. (the Applicant; LPF affiliate) - subordinated credit facility · currency: CAD · security: Second mortgage on the Aylmer Property in favour of the Applicant (registered on title as notices of $75,000,000 on 2021-12-22 and $150,000,000 on 2022-10-28 referencing charge CT187274 of $45,000,000, per the subsearch). Subordinated credit facility under amended and restated credit agreement dated Jan 31, 2023.
- secured creditorsnote: Quasi-governmental / deemed-trust-type class: CRA advised it held cash collateral of $1,331,356 as of Aug 25, 2026; the Monitor expects it to be applied against the outstanding excise tax obligations (see unsecured entry). · page: 25 · as of: 2026-08-25 · amount: 1331356 · debtor: Debtors · creditor: Canada Revenue Agency (cash collateral held for excise tax) · currency: CAD · security: Cash collateral held by CRA in respect of the Debtors' excise tax obligations
- unsecured creditorsnote: Quasi-governmental claim (excise tax, deemed-trust class). Approximate figure from the Debtors' records. CRA holds cash collateral of $1,331,356 (as of Aug 25, 2026) expected to be applied to these obligations. · page: 25 · as of: 2026-06-17 · basis: According to the Debtors' records, approximately $1,199,000 owing in excise tax for the pre-filing period March 1 to June 17, 2026 · amount: 1199000 · debtor: Debtors · creditor: Canada Revenue Agency - pre-filing excise tax · currency: CAD
- unsecured creditorsnote: Quasi-governmental claim (HST, deemed-trust class). · page: 25 · as of: 2026-06-17 · basis: Debtors owe $419,000 in HST relating to the pre-filing period, per the Debtors' records as stated in the Third Report · amount: 419000 · debtor: Debtors · creditor: Canada Revenue Agency - pre-filing HST · currency: CAD
- secured creditorsnote: Amount stated as what the registration 'appears to relate to'; registered after the Applicant's perfecting registrations. Fasken intends to serve the motion on the Ontario Minister of Finance. · page: 34 · as of: 2025-08-21 · amount: 21472 · debtor: North Star Wellness Inc. · creditor: Ontario Minister of Finance (PPSA financing statement against North Star Wellness Inc.) · currency: CAD · security: Financing statement registered Aug 21, 2025 that appears to relate to an obligation in the amount of $21,472
- secured creditorsnote: Registered after the Applicant's perfecting registrations; no amount stated. Fasken intends to serve the motion on BMO. · page: 34 · as of: 2023-09-20 · debtor: Entourage Brands Corp. · creditor: Bank of Montreal (PPSA financing statement against Entourage Brands Corp.) · currency: CAD · security: Financing statement registered Sept 20, 2023 that appears to relate to a cash collateral account