Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 9 June 2023
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 filing6 verified
- closing confirmedscope: the NY Premises · outcome: completed · effective: 2023-06-07 · purchaser: Stella MSO, LLC · date basis: stated · approval order date: 2023-05-25; scope: the CCFPH Transaction · outcome: completed · effective: 2023-06-09 · purchaser: Canadian Centre for Psychedelic Healing Sault Ste. Marie Inc. · date basis: stated · approval order date: 2023-05-25; scope: the San Carlos Premises · outcome: not_completed · purchaser: Stella MSO, LLC · date basis: unstated · approval order date: 2023-05-25
- operational summaryThe Applicants have sold or assigned most clinic operations through the SISP, terminated all employees except the CRO (and a few contractors), and are in a 'care and maintenance' state while pursuing residual assets (HST refunds and COVID-19 credits), with a stay extension to December 15, 2023 and expanded Monitor powers sought.
- purchaserCanadian Centre for Psychedelic Healing Sault Ste. Marie Inc.; Stella MSO, LLC; Clerkenwell
- report date9 June 2023
- report noFourth Report of the Monitor
- sale outcometext: The SISP is substantially complete, resulting in various asset and lease transactions but did not generate significant sale proceeds. · scope: whole_business · status: closed