Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 6 December 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 filing5 verified
- cash on handnote: Actual closing cash for the reporting period (since the Fourth Report) per the actual-vs-forecast table; the forecast closing cash was $94,270. The as-at date of the closing balance is not stated in the text. · amount: 172533 · currency: CAD
- operational summaryThe Applicants are in a care-and-maintenance posture: only limited part-time contract former employees are retained to help recover residual assets (expected HST refunds and U.S. employee retention credits), with the Monitor administering the proceedings and seeking a stay extension to June 15, 2024.
- purchaserCanadian Centre for Psychedelic Healing Sault Ste. Marie Inc.; Stella MSO, LLC; price: sealed: false · scope: substantially all of the Applicants' Jamaican assets and property · status: approved · name note: purchaser of the Applicants' Jamaican assets and property, unnamed · structure: assets · name source: recital · relationship: unstated
- report date6 December 2023
- report noFifth Report of the Monitor