Quebec · CCAA
2024-12-11 Jugement sur la demande pour une Ordonnance initiale (en anglais seulement)
Application / notice of application · 11 December 2024 · 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 filing17 verified
- secured creditorsnote: Approximate figure; NBC also providing DIP Facility and entered NBC Forbearance Agreement · page: 6 · amount: 43000000 · debtor: EMG and m-Health Solutions Inc. (NBC Borrowers), guaranteed by NBC Guarantors · creditor: National Bank of Canada (NBC) · currency: CAD · security: NBC Credit Agreements; secured credit facilities
- secured creditorsnote: Subject to interest and adjustments; borrower in default · page: 7 · amount: 6148000 · debtor: M-Health Solutions Inc. · creditor: Norea Capital · currency: CAD · security: Norea Loan Agreement
- secured creditorsnote: Subject to interest and adjustments · page: 7 · amount: 2146588 · debtor: CDL Laboratories Inc. · creditor: Investissement Québec (IQ) · currency: CAD · security: IQ Loan Agreement (R&D financing)
- secured creditorsnote: Subject to interest and adjustments · page: 7 · amount: 2800000 · debtor: Medicentres Canada Inc. · creditor: La Corporation McKesson Canada (McKesson) · currency: CAD · security: McKesson Loan Agreement dated October 29, 2024
- secured creditorsnote: Subject to interest and fees · page: 7 · amount: 231966 · debtor: CDL Laboratories Inc. · creditor: BDC (Business Development Bank of Canada) · currency: CAD · security: Secured working capital loan agreement dated May 21, 2020 (BDC CDL Loan)
- secured creditorsnote: Amount remains outstanding; individual creditor (not a company) · page: 7 · amount: 1500000 · debtor: EMG · creditor: Jason Rabin · currency: USD · security: Secured loan agreement dated January 31, 2024
- secured creditorsnote: Approximate; subject to interest and adjustments · page: 7 · amount: 428500 · debtor: m-Health Solutions Inc., CDL Laboratories Inc. and Clinique Privamed Inc. · creditor: Merchant Capital Group LLC · currency: CAD · security: Several secured loan agreements entered into in the last year
- secured creditorsnote: Personal loan to director Laurent Amram; related party; classified among 'Secured Debts' by document; subject to interest and adjustments · page: 7 · amount: 2500000 · debtor: Laurent Amram (personal loans, proceeds used to fund ELNA Group operations) · creditor: Crawford & Finchley Capital (CFC) · currency: CAD · security: CFC Loans - personal loan agreements entered into in 2023
- secured creditorsnote: Personal loan to director Laurent Amram; related party; classified among 'Secured Debts' by document; subject to interest and adjustments · page: 7 · amount: 4500000 · debtor: Laurent Amram (personal loans, proceeds used to fund ELNA Group operations) · creditor: 143956 Canada Inc. (143 Canada) · currency: CAD · security: 143 Loans - personal loan agreements entered into in recent years
- secured creditorsnote: Personal loan to director Laurent Amram; related party; classified among 'Secured Debts' by document; subject to interest and adjustments · page: 8 · amount: 3200000 · debtor: Laurent Amram (personal loans, proceeds used to fund ELNA Group operations) · creditor: Les Placements SP Canada Inc. (Placements SP) · currency: CAD · security: Placement SP Loans entered into in 2023 and 2024
- secured creditorsnote: Personal loan to director Laurent Amram; related party; classified among 'Secured Debts' by document; subject to interest and adjustments · page: 8 · as of: 2023-04-25 · amount: 750000 · debtor: Laurent Amram (proceeds used to fund ELNA Group operations) · creditor: K&S Financial Group Inc. · currency: CAD · security: K&S Loan advanced April 25, 2023
- unsecured creditorsnote: Excludes Unsecured Business Loans; document names no individual creditors · page: 8 · as of: 2024-12-06 · basis: stated aggregate indebtedness as of December 6, 2024 · amount: 24000000 · debtor: Applicants · creditor: Unsecured creditors (aggregate as reported) - suppliers, landlords and other unsecured creditors · currency: CAD
- unsecured creditorsnote: Deemed trust / tax authority claim · page: 8 · basis: approximate amount owed as stated · amount: 654000 · debtor: Applicants · creditor: GST/QST (Tax Authorities) · currency: CAD
- unsecured creditorsnote: Deemed trust / tax authority claim · page: 8 · basis: approximate amount owed as stated · amount: 4370000 · debtor: Applicants · creditor: Corporate Income Tax (Tax Authorities) · currency: CAD
- unsecured creditorsnote: Balance owing to prior owner/vendor in connection with M-Health acquisition · page: 8 · basis: stated approximate balance owing · amount: 1500000 · debtor: ELNA Group (M-Health) · creditor: Prior owner/vendor (M-Health acquisition) · currency: CAD
- unsecured creditorsnote: Funds indirectly advanced to ELNA Group via Laurent Amram; amount not quantified · page: 8 · basis: described in narrative, no aggregate amount stated · debtor: ELNA Group · creditor: Unsecured Business Loans (advanced by Laurent Amram) · currency: CAD
- unsecured creditorsnote: Part payable by government upon collection; MRP proposes $2.0M pre-filing paid on collection and $1.6M pre-filing secured by MRP Charge (partially becoming secured) · page: 16 · basis: aggregate amount owing for services rendered up to date, as stated · amount: 3600000 · debtor: Medicentres Canada Inc. · creditor: Medicentres' doctors · currency: CAD