British Columbia · CCAA
Third Report of the Monitor dated September 29, 2025
Court officer report · 29 September 2025
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
- report date29 September 2025
- report noThird Report
- operational summarySince the commencement of the CCAA proceedings, the Company has continued to evaluate its business operations and retail footprint in an effort to right-size its operations and optimize its restructuring strategy, negotiating lease amendments, exiting six retail locations, and issuing notices of disclaimer on other equipment and service contracts.
- cash on handamount: 3341 · currency: CAD (thousands)
- professional feesamount: 1115 · currency: CAD (thousands)
- operational summaryThe Petitioners continue to operate their retail and e-commerce business while right-sizing it (six retail locations exited, lease amendments negotiated, contracts disclaimed) and soliciting investor and lender term sheets for a restructuring plan. The Interim Facility is fully drawn at $2.5M, and the cash flow forecast shows sufficient liquidity through the requested stay extension to November 21, 2025.
- report date29 September 2025
- report noThird Report