Alberta · Receivership (court-appointed)
First Report of the Receiver dated December 3, 2025
Court officer report · 3 December 2025
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What we verified from this filing13 verified
- report date3 December 2025
- report noFirst Report of the Receiver
- operational summaryThe Receiver continued limited operations, terminated all but one employee by October 9, 2025, secured the Head Office and inventory, collected accounts receivable, negotiated sale of project inventory to customers, conducted an unsuccessful sale process with several Interested Parties, and pursued an auction process with McDougall Auctioneers Ltd. as the recommended path to liquidate the Company's assets.
- cash on handamount: 243116 · currency: CAD
- professional feesamount: 124925 · currency: CAD
- receipts cumulativeamount: 511358 · currency: CAD
- cash on handnote: Balance held in Receiver's Trust Account as at December 2, 2025. · as at: 2025-12-02 · amount: 243116 · currency: CAD
- disbursementssince: Filing Date (September 29, 2025) to December 2, 2025 · amount: 268241 · currency: CAD
- operational summaryThe Company ceased operations shortly after the Filing Date, with the Receiver terminating nearly all employees and retaining a single bookkeeper to complete accounts receivable collection; after unsuccessful going-concern sale efforts, the Receiver is now pursuing a liquidation auction of the remaining assets.
- professional feesparty: Receiver · amount: 124925 · period: Since the Filing Date to December 2, 2025 · currency: CAD
- receipts cumulativesince: Filing Date (September 29, 2025) to December 2, 2025 · amount: 511358 · currency: CAD
- report date3 December 2025
- report noFirst Report of the Receiver