Saskatchewan · CCAA
001. Pre-filing Report of the Proposed Monitor
Pre-filing report · 26 November 2025
What we verified from this filing4 verified
- financial positionnote: Actual amounts may differ from current balances due to outdated financial statements produced by the Genesis Partnerships; working capital deficit of approximately $54.1M as at date of Financial Statements · page: 7 · basis: unaudited/draft financial statements (various dates: draft unaudited Sept 30 2025 for most Applicants; draft unaudited Dec 31 2024 for Genesis Opco/Holdco; reviewed Dec 31 2023 for Stay LPs; unaudited Sept 30 2025 balance sheet for 2676) · scope: AgraCity Group consolidated (Applicants and Stay LPs) · currency: CAD · total assets: 96500000 · total liabilities: 90800000
- secured creditorsnote: Interest accruing at approximately $1,500 per day; BDC intends to apply to appoint a receiver over the Genesis Partnerships on November 28, 2025 · page: 8 · as of: 2025-09-24 · amount: 7500000 · debtor: Genesis G&F Operating LP (Genesis Partnerships) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Mortgage security in the amount of $11.0 million (registered ceiling) over land located in Pense, Saskatchewan
- secured creditorsnote: Majority of AgraCity Group's other secured lenders are equipment lessors; detailed list set out in Jason Mann Affidavit No. 1 (not provided in this excerpt) · page: 9 · debtor: AgraCity Group · creditor: Equipment lessors (financed trucks and trailers) · currency: CAD · security: Leased equipment; PPSA equipment financiers (PMSI class)
- secured creditorsnote: Maximum principal amount of facility; initial advance capped at $700,000; subject to Court approval of Interim Financing Charge · page: 12 · as of: proposed Interim Financing Facility, not yet advanced as at report date · amount: 4200000 · debtor: AgraCity Group (Applicants and Stay LPs) · creditor: 2011329 Alberta Ltd. (Interim Lender) · currency: CAD · security: Proposed Interim Financing Charge over assets, undertakings and property of the Applicants and Stay LPs, subordinate to Administration Charge