Quebec · CCAA
Fifth Report of the Monitor
Court officer report · 18 February 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 filing11 verified
- report date18 February 2026
- report noFifth Report
- operational summaryThe Monitor supervised daily receipts and disbursements, held daily meetings with management regarding CCAA-related challenges (supply chain, web services, customs brokers, vendors), collaborated with the Debtors and Purchaser to facilitate closing of the Transaction, and analyzed actual cash flows against the Third Revised Cash Flow Forecast, while the Debtors continued normal course operations, communicated with creditors and suppliers, and worked toward closing the Transaction.
- cash on handunit: millions · number: 12.8 · currency: CAD
- cash on handnote: Closing cash balance on February 6, 2026 stated as $12.8M; forecast to decline to $2.9M by May 15, 2026 (forecast, not a current position). · as at: 2026-02-06 · amount: 12800000 · currency: CAD
- closing confirmedscope: the Debtors' business operations under the APA (the Transaction) · outcome: completed · effective: 2026-02-13 · date basis: stated · effective time: 11:59 p.m. · approval order date: 2026-02-04
- operational summaryThe Debtors continue normal-course operations while the sale transaction to the Purchaser closed effective February 13, 2026; a three-month transition period under a transition services agreement is expected to transfer the business to the Purchaser, and a stay extension to May 15, 2026 is sought.
- purchaserprice: note: Purchase price not stated in the visible text; the Cash Balance is the price less the deposit · sealed: false · scope: the Debtors' business operations, transferred under the Asset Purchase Agreement approved in the Sale Approval Judgment · status: closed · name note: Purchaser under the APA is referred to only as 'the Purchaser'; not named in the visible text · structure: assets · name source: operative · relationship: unstated
- report date18 February 2026
- report noFifth Report
- sale outcometext: The Transaction under the APA approved by the Sale Approval Judgment closed with effect February 13, 2026, with a three-month transition period to transfer operations to the Purchaser. · scope: whole_business · status: closed