Nova Scotia · CCAA
Fifth Report of the Monitor dated October 15, 2025
Court officer report · 15 October 2025
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What we verified from this filing10 verified
- cash on handnote: Before additional realizations, costs and other adjustments; per Cash Flow Forecast table, ending Total cash actual was $1,896,935. · as at: 2025-10-15 · amount: 1900000 · currency: CAD · qualifier: approximately
- closing confirmedscope: Spirit Co and Annapolis Cider · outcome: completed · purchaser: Lynch Purchaser · date basis: unstated; scope: Lost Bell · outcome: completed · purchaser: Coast · date basis: unstated
- operational summaryThe Operating Companies' businesses were sold via the Lynch and Coast transactions which closed August 8, 2025; the Monitor is now realizing on BLCL's remaining real properties and preparing to conduct a claims process for creditor distributions.
- process resultsndas: 32 · note: SISP results as reported: 156 potential purchasers on Buyer's List; 32 executed NDAs; 12 Qualified Bids received · solicited: 156 · qualified bids: 12
- professional feesnote: Actual professional fees per Cash Flow Forecast comparison table; forecast was $654,336; additionally post-close professional fees of $451,895 shown separately. · party: Monitor and professionals (aggregate, per Cash Flow Forecast actuals) · amount: 659937 · period: June 8, 2025 to November 1, 2025 (actual to date of report) · currency: CAD
- purchaserShannon Theresa Lynch; Coast to Coast Marketing Ltd, and James Roue Beverage Company Ltd.
- recovery outcomeentries: basis: estimated · quote: The Monitor expects that such distributions will exceed 50% of the unsecured claims, and potentially significantly more. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: monitor · class label: unsecured creditors of the Operating Businesses · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-15 · table missing:
- report date15 October 2025
- report noFifth Report
- sale outcometext: Both Transactions closed following delays due to opposition to approval · scope: whole_business · status: closed