Ontario · Receivership (court-appointed)
First Report of the Receiver dated April 28, 2026
Court officer report · 28 April 2026
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What we verified from this filing7 verified
- report date28 April 2026
- report noFirst Report
- operational summaryThe Receiver's activities since the Receivership Order have included corresponding with Cortland and legal counsel, corresponding with Management to obtain information concerning the Property and business of the Debtors, corresponding with management of the Operating Entities, developing the SISP in consultation with Cortland, preparing and sending statutory notices pursuant to subsection 245(1) and 246(1) of the Bankruptcy and Insolvency Act, and preparing this Report.
- operational summaryThe Borrower ceased operations in March 2026, but its operating subsidiaries (Stoneworks Technologies and PJS) continue to operate normally and are not subject to the receivership; the Receiver is conducting a SISP to sell or refinance the business.
- report date28 April 2026
- report noFirst Report
- sale outcometext: The Receiver intends to seek Court approval of the Sale and Investment Solicitation Process; the Receiver recommends that this Court issue an order approving the SISP · scope: whole_business · status: process_approved