Ontario · CCAA
Second Report of the Proposal Trustee dated October 1, 2025
Court officer report · 1 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- secured creditorsnote: Disputed/asserted secured claim; Kenco's motion for emergency relief/stay relief or adequate protection was denied by the New York Court; claim not yet confirmed or resolved; amount stated as 'exceed $8.5 million', a floor per Kenco's assertion · page: 6 · amount: 8500000 · debtor: Iovate Health Sciences International Inc., Iovate Health Sciences U.S.A. Inc. and Northern Innovations Holding Corp. · creditor: Kenco Logistic Services, LLC · currency: USD · security: Asserted lien over inventory (approx. $18 million of inventory held) under warehousing and logistics agreement
- secured creditorsnote: Referenced only as 'the Company's secured lender's counsel and financial advisor' whose fees are included in professional fees forecast; no name or amount disclosed in these pages; also referred to elsewhere as 'the Lenders' per the September 6 Affidavit (not provided) · page: 11 · debtor: Iovate Health Sciences International Inc., Iovate Health Sciences U.S.A. Inc. and Northern Innovations Holding Corp. · creditor: NOI Applicants' secured lender (unnamed) · currency: USD