Alberta · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 16 October 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 filing6 verified
- operational summaryThe Receiver continues to operate Special D's donut manufacturing business but cannot do so indefinitely, and is seeking court approval to sell the Special D assets to Red Canoe and the 59 Ave Building to 213 AB. On closing the Receiver will terminate Special D's personnel, and Red Canoe intends to offer them employment.
- professional feesnote: Exclusive of GST; $63,735.33 relates to the Sept 6 - Oct 3, 2025 update period and $1,158.71 is out-of-pocket expenses. Receiver's counsel McLennan Ross LLP invoiced $75,719.05 plus GST $3,785.95 (total $79,505.00) for Aug 26 - Oct 14, 2025. Fees not yet billed to the estate. · party: Ernst & Young Inc. (Receiver) · amount: 314375.71 · period: since appointment (June 17, 2025) to October 3, 2025 · currency: CAD
- purchaser213 AB; Red Canoe
- report date15 October 2025
- report noFourth Report
- sale outcometext: The Receiver seeks approval of the 59 Ave OTP and the Red Canoe APA and vesting orders for the 59 Ave Building and the Special D Assets. · scope: whole_business · status: pending_approval