British Columbia · CCAA
Second Report of the Monitor dated June 30, 2025
Court officer report · 30 June 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 filing10 verified
- report date30 June 2025
- report noSecond Report
- operational summaryThe Petitioners are a Canadian-based specialty retailer operating on a consolidated basis and offering a broad range of fashion apparel, accessories, jewelry, and homeware under the "Oak + Fort" brand through its e-commerce website and retail stores across Canada and the United States.
- cash on handamount: 1808000 · currency: CAD
- professional feesamount: 1320000 · currency: CAD
- cash on handnote: Opening Cash Balance of 1,808 ($000s) for the forecast period commencing July 7, 2025; the report also states the Petitioners lack sufficient cash on hand to sustain operations beyond the week ending July 6, 2025 absent the Interim Facility. · as at: 2025-07-07 · amount: 1808000 · currency: CAD · qualifier: forecast opening cash balance (unaudited; $000s table), not a stated actual
- operational summaryThe Petitioners continue to operate their Oak + Fort retail and e-commerce business under CCAA protection while seeking interim financing (a $2.5 million DIP facility) to fund operations and pursue a restructuring that may include lease disclaimers and cost rationalization, with a view to emerging as a going concern.
- professional feesnote: Forecast professional fees of 1,320 ($000s) in the Cash Flow Forecast; a projection, not fees incurred to date. The report does not state whether tax is included. · party: Monitor, Monitor's counsel, and the Petitioners' counsel and financial advisors (Canada and U.S.) · amount: 1320000 · period: July 7, 2025 - October 5, 2025 (forecast) · currency: CAD
- report date30 June 2025
- report noSecond Report