Quebec · CCAA
2026-03-04 Third Report of the Monitor (in French)
Court officer report · 4 March 2026 · French
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 filing14 verified
- courtCour Supérieure du Québec
- court file no500-11-066112-257
- provinceQuébec
- report date4 March 2026
- report noTroisième rapport
- statutory basisCompanies' Creditors Arrangement Act (RSC 1985, c. C-36, as amended)
- commencement date12 September 2025
- proceeding typeCCAA proceedings (converted from BIA Notice of Intention proceedings)
- operational summaryThe Controller continued managing conservatory measures, oversaw receipts and disbursements, developed and administered the SISP (PSIV), and communicated with secured creditors, employees, contractors, and stakeholders since the January 12, 2026 stay extension order.
- secured creditorsInvestissement Québec (IQ) and Développement économique Canada (DEC)
- cash on handamount: 567000 · currency: CAD
- professional feesamount: 576000 · currency: CAD
- receipts cumulativeamount: 1705000 · currency: CAD
- financial positionGiven the Debtor's lack of liquidity, if the proposed transaction were to fail, it is unlikely that a solution providing for the relaunch of the Debtor's activities could be implemented.