Ontario · CCAA
Fifth Report of the Monitor dated April 3, 2023
Court officer report · 3 April 2023
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 filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: despite the fact that Cortland and Trichome will suffer a significant or total shortfall under the ABL Agreement and the Trichome Secured Promissory Note, respectively, the Transaction provides for a materially better recovery than would be otherwise achieved through the Wind-Down or in a bankruptcy · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Cortland (under the ABL Agreement) · creditor name: Cortland · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: despite the fact that Cortland and Trichome will suffer a significant or total shortfall under the ABL Agreement and the Trichome Secured Promissory Note, respectively, the Transaction provides for a materially better recovery than would be otherwise achieved through the Wind-Down or in a bankruptcy · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Trichome (under the Trichome Secured Promissory Note) · creditor name: Trichome · interim final: unstated · claims qualifier: unstated · stated on: 2023-04-03 · table missing: