Ontario · CCAA
Second Report of the Monitor dated May 10, 2023
Court officer report · 10 May 2023
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What we verified from this filing4 verified
- process resultsnote: three real estate brokers solicited for Pelham Premises listing · as of: 2023-05-10 · solicited: 3
- purchaserPinnrz Inc.; price: note: purchase price below the $500,000 threshold required under the Initial Order for Court approval · basis: cash · amount: 500000 · sealed: false · currency: CAD · scope: specific equipment located at the Langstaff Premises and the Pelham Premises · status: approved · name note: purchaser of the equipment offer related to lab equipment, unnamed · structure: assets · name source: recital · relationship: unstated
- sale advisorCBRE Limited; Infinity Asset Solutions Inc. and Long Drive Inc.
- sale outcometext: The Applicants are engaged in a liquidation solicitation process for equipment and a marketing process for the Pelham Premises · scope: ancillary · status: liquidation_in_progress