Quebec · CCAA
Sixth report of the Monitor
Court officer report · 26 January 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 filing7 verified · 1 withheld
- closing confirmedscope: Purchased Assets · outcome: completed · purchaser: Acquisition Canalum Inc. · date basis: stated_partial · approval order date: 2025-09-18
- operational summaryFollowing the closing of the sale of the Purchased Assets to Acquisition Canalum Inc., operations have been wound down in an orderly fashion: employment of remaining staff ended in December 2025, funds were swept to the Monitor's trust accounts, and the only remaining accounts receivable are the F2F A/R, which the Monitor continues to investigate.
- purchaserAcquisition Canalum Inc.
- recovery outcomeentries: basis: unstated · quote: As further appears from the Waterfall, the Net Proceeds are insufficient to permit any distribution to unsecured creditors or to any secured creditors other than the Lenders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As further appears from the Waterfall, the Net Proceeds are insufficient to permit any distribution to unsecured creditors or to any secured creditors other than the Lenders. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: secured creditors other than the Lenders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Based on these opinions, and as reflected in the distribution waterfall attached to the Monitor's Application (the ' Waterfall '), the Lenders hold valid security and are entitled to the entirety of the Net Proceeds. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: the Lenders · creditor name: the Lenders · interim final: unstated · conditional on: subject to any WEPPA claims or claims secured by super-priority charges · claims qualifier: unstated · table missing:
- report date26 January 2026
- report noSixth Report
- sale outcometext: The Court-approved Sale Transaction closed and the Monitor now holds net sale proceeds pending distribution · scope: whole_business · status: closed
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.