Manitoba · Receivership (court-appointed)
Sixth Report of the Receiver – Dated September 5, 2025
Court officer report · 5 September 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- closing confirmedscope: specific assets of Genesus and Can-AM · outcome: completed · effective: 2024-07-26 · purchaser: Genesus Genetics Technology Inc. · date basis: stated · approval order date: 2024-07-26; scope: the Riverdale Property · outcome: completed · effective: 2024-10-18 · date basis: stated · approval order date: 2024-10-08; scope: the Park Blvd. Property · outcome: completed · effective: 2025-02-25 · date basis: stated · approval order date: 2025-01-29; scope: the Bagot Property · outcome: completed · effective: 2025-07-02 · date basis: stated · approval order date: 2025-06-12; scope: specific assets · outcome: not_completed · purchaser: Genesus Genetics Technology Inc. · date basis: unstated · approval order date: 2024-07-04
- fee scheduleengagements: form: invoice_listing · rows: · money: approximate: false · period: end: 2025-07-31 · kind: invoice · quote: INVOICE SUMMARY FOR THE PERIOD OF MAY 1, 2025 to JULY 31, 2025 · start: 2025-05-01 · approval: state: unstated · averages: rate: 342 · quote: The average blended hourly rate charged by BDO in these proceedings for invoices issued to date is $342 per hour. · scope: invoices issued to date · currency: · invoices: · firm text: BDO Canada Limited · firm quote: SIXTH REPORT OFBDO CANADA LIMITED, IN ITS CAPACITY AS COURT APPOINTED RECEIVER OF GENESUS INC., CAN-AM GENETICS INC., AND GENESUS GENETICS INC. · context quote: IN ITS CAPACITY AS COURT APPOINTED RECEIVER OF GENESUS INC., CAN-AM GENETICS INC., AND GENESUS GENETICS INC.
- purchaserGenesus Genetics Technology Inc.; Genesus Genetics Technology Inc.; price: sealed: false · scope: the Riverdale Property · status: closed · name note: purchaser of the Riverdale Property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Park Blvd. Property · status: closed · name note: purchaser of the Park Blvd. Property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Bagot Property · status: closed · name note: purchaser of the Bagot Property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: basis: cash · amount: 380000 · sealed: false · currency: CAD · scope: the Oakville Property · status: not_completed · name note: party who made the January 20, 2024 Offer for the Oakville Property, unnamed · structure: real_property · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: (a) payment to Service Canada to satisfy the WEPP priority claims of Can-Am and Genesus of $5,271 and $21,512, respectively (the "Service Canada Payments"); · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 5271 · amount high: 5271 · class label: Service Canada (WEPP priority claims of Can-Am) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (a) payment to Service Canada to satisfy the WEPP priority claims of Can-Am and Genesus of $5,271 and $21,512, respectively (the "Service Canada Payments"); · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 21512 · amount high: 21512 · class label: Service Canada (WEPP priority claims of Genesus) · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (b) payment to CRA to satisfy the GST priority claim of Genesus of $64,461 (the "CRA Payment"); · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 64461 · amount high: 64461 · class label: CRA (GST priority claim of Genesus) · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (c) payment to FCC to satisfy its secured claim by way of its first mortgage on the Park Blvd. Property of $1,136,974 (the "FCC Payment); · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 1136974 · amount high: 1136974 · class label: FCC (secured claim by first mortgage on Park Blvd. Property) · creditor name: FCC · interim final: interim · claims qualifier: unstated; basis: unstated · quote: (d) payment to BMO of $1,250,000 on account of its first priority general security agreement registration filed in the Manitoba Personal Property Registry (the "BMO Payment"); and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1250000 · amount high: 1250000 · class label: BMO (first priority general security agreement) · creditor name: BMO · interim final: interim · claims qualifier: unstated · table missing:
- sale advisorWarren Neufeld of Royal LePage Portage Realty
- sale outcometext: Remaining Oakville Property still being marketed; other properties sold · scope: liquidation · status: liquidation_in_progress