Saskatchewan · CCAA
AgraCity - Tenth Report of the Monitor
Court officer report · 22 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 filing8 verified
- secured creditorsnote: Debt of $240,247 accepted by the Monitor. Secured status was initially disputed and is now determined by the Monitor to be secured only against the proceeds of the Product, not the Net Sale Proceeds of AgraCity's property as a whole. Forced liquidation value of the Product is $9,000-$27,000, and the quantum of the secured claim is to be agreed or set by the Court. No individual valuation as at the UFA Transaction date has been determined. · page: 11 · amount: 240247 · debtor: AgraCity Crop & Nutrition Ltd. · creditor: Packaging Product supplier (PPI) · currency: CAD · security: Reservation of title to the Product in the credit application
- secured creditorsnote: Secured proof of claim submitted May 18, 2026 for $240,000 against AgraCity and NewAgco. Claim against AgraCity allowed; Monitor requests a declaration of a $240,000 secured claim against AgraCity. Against NewAgco the document is internally inconsistent: para 6(e)(iv) says the claim should be dismissed, while para 36 requests a declaration of a $200,000 secured claim against NewAgco whose security failed to attach (no security agreement signed by NewAgco), so it is unperfected and unenforceable against third parties. · page: 12 · amount: 240000 · debtor: AgraCity Crop & Nutrition Ltd. · creditor: CPIT Corporate Professional and Industrial Training Ltd. · currency: CAD · security: Security documents and promissory note
- secured creditorsnote: Amount is the distribution actually paid (Table 2.0), approved in the Ancillary Relief Order, not a pre-filing balance. The date of the distribution is not stated. · page: 13 · amount: 7747683 · debtor: Genesis Entities · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Secured against the Genesis assets; paid from the Genesis Sale Proceeds
- secured creditorsnote: Interim financing obligations were satisfied by a credit bid of the 'Credit Bid Amount' per the UFA Purchase Agreement (s. 2.1(d)); the amount is not stated in the extracted pages (redacted). Related party: none stated. · page: 50 · debtor: CCAA Entities (AgraCity Group) · creditor: United Farmers of Alberta Co-operative Limited (Interim Lender / purchaser) · currency: CAD · security: Interim Lender's Charge under the ARIO (since terminated by the Ancillary Order, which also terminated the KERP Charge); interim financing obligations satisfied by credit bid at the UFA Transaction
- purchaserUnited Farmers of Alberta Co-operative Limited
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: The Sale Approval and Vesting Order was granted March 25, 2026 approving the Transaction with UFA; the Purchased Assets vest in UFA (or its nominees) upon delivery of the Monitor's Certificate. · scope: whole_business · status: approved
- stalking horseUnited Farmers of Alberta Co-operative Limited