British Columbia · CCAA
Fifth Report of the Monitor
Court officer report · 8 June 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified · 1 withheld
- process resultsbids: 3 · note: Phase II of SISP culminated with three parties submitting Proposed Final Agreements
- purchaserSNDL Inc.; Forthspace Cannabis Inc.; 1392484 B.C. Ltd
- recovery outcomeentries: basis: estimated · quote: The Monitor is advised by the Company that, on a preliminary basis: (a) it anticipates that the proceeds from the Proposed Transactions will be sufficient to provide full recovery to the Secured Creditors and partial recover for unsecured creditors; and (b) accordingly, the Company anticipates working with the Monitor to formulate a plan to distribute such proceeds to the Company's creditors (who will become the creditors of ResidualCo) prior to the completion of the Proposed · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Monitor is advised by the Company that, on a preliminary basis: (a) it anticipates that the proceeds from the Proposed Transactions will be sufficient to provide full recovery to the Secured Creditors and partial recover for unsecured creditors; and (b) accordingly, the Company anticipates working with the Monitor to formulate a plan to distribute such proceeds to the Company's creditors (who will become the creditors of ResidualCo) prior to the completion of the Proposed · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorKronos Capital Partners Inc.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.