Prince Edward Island · CCAA

Monitor's First Report

Court officer report · 22 May 2026

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

financial positionnote: Liabilities total labeled 'Total Estimated' and comprises Secured Creditors ($2,074,968 NBC + $16,039,527 FCC), Priority Creditors (property taxes $49,595), and Unsecured Creditors (Trade Payables and Other $4,231,266); Cash Flow Forecast and comparative actual results filed under seal (Appendices E and F) · page: 7 · as at: 2026-05-02 · basis: unaudited, estimated (Company books and records) · scope: entity - Seafood 2000 Ltd. · currency: CAD · total assets: 26526929 · total liabilities: 22395356
secured creditorsnote: Estimated secured claim per Company books and records · page: 7 · as of: 2026-05-02 · amount: 16039527 · debtor: Seafood 2000 Ltd. · creditor: Farm Credit Canada · currency: CAD
secured creditorsnote: Estimated secured claim per Company books and records · page: 7 · as of: 2026-05-02 · amount: 2074968 · debtor: Seafood 2000 Ltd. · creditor: National Bank of Canada · currency: CAD