Ontario · CCAA
Third Report of the Monitor
Court officer report · 30 November 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 filing3 verified
- purchaserNewKo Greenhouses Ltd
- recovery outcomeentries: basis: estimated · quote: Pursuant to the Transaction, secured creditors with proven claims are expected to be paid in full and surplus funds are expected to be available for distribution to unsecured creditors with proven claims. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: secured creditors with proven claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Pursuant to the Transaction, secured creditors with proven claims are expected to be paid in full and surplus funds are expected to be available for distribution to unsecured creditors with proven claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors with proven claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: In addition to the repayment of the DIP Facility, accrued and outstanding interest and applicable fees, the Applicants are seeking to make a distribution to RBC, following the closing of the Transaction, to repay in full, all amounts outstanding under the RBC Pre-Filing Indebtedness. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: RBC · claims amount: 26100000 · creditor name: RBC · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-30 · table missing:
- sale outcometext: The Applicants' motion for an Order approving the Asset Purchase Agreement with NewKo Greenhouses Ltd · scope: whole_business · status: pending_approval