12463873 Canada Inc. (“ResidualCo”) (Green Relief Inc. was a party of the CCAA proceedings and was then removed)

CCAA

^{Page last updated: September 14, 2023}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

On April 8, 2020 (the “Filing Date”), Green Relief Inc. (“Green Relief”, or the “Company”) applied for an order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) authorizing the Applicant’s restructuring proceedings commenced under Part III of the Bankruptcy and Insolvency Act, R.S.C. 1985 c. B-3 (as amended) (the “BIA”) be taken up and continued under the Companies’ Creditors Arrangement Act, R.S.C.1985, c.C-36, as amended (“CCAA”).  The Initial Order was issued by the Court on April 9, 2020, effective as of April 8, 2020 The Initial Order was amended on April 17, 2020 (the “Amended and Restated Initial Order”). The Amended and Restated Initial Order includes among other things, a stay of proceedings against the Company, and the appointment of PricewaterhouseCoopers Inc., LIT as monitor of Green Relief (“PwC” or the “Monitor”).

The Amended and Restated Initial Order also, among other things:

1. Approved a stay of proceedings up to and including May 8, 2020 (“Stay Period”), which applies against or in respect of the Company or the Monitor or affecting the business or the property of the Company;
2. Authorized that the Company shall be entitled to continue to use the central cash management system currently in place (the “Cash Management System”);
3. Granted a first ranking charge over all property of the Company, as security for professional fees and disbursements of the Monitor, counsel to the Monitor and counsel to the Company, incurred, both before and after making of the Initial Order, up to a maximum aggregate amount of $1,000,000 (the “Administration Charge”);
4. Granted a second ranking charge in favour of the directors and officers of the Company over all the property of the Company to a maximum amount of $175,000, as security for the Company’s indemnity to the Company’s directors and officers (the “Directors’ Charge”);
5. Authorized the Company to borrow under a credit facility from Antonio Battaglia (the “DIP Lender”) in order to finance the Company’s working capital requirements and other general corporate purposes and capital expenditures, provided that borrowings under such credit facility shall not exceed $250,000 (the “Bridge DIP Facility”), unless permitted by further order of this Court;
6. Granted a third ranking charge in favour of DIP Lender over all the property of the Company to a maximum amount of $250,000, as security for the Bridge DIP Facility (the “DIP Lender’s Charge”). DIP Lender’s Charge shall rank subordinate to the security granted by Green Relief to the Rescom Parties (as defined in the Affidavit of Neilank Jha dated April 3, 2020); and
7. Approved the First Report of PwC in its capacity as the Proposal Trustee of Green Relief and the activities of the Proposal Trustee as described therein.

Notice of the NOI proceedings were sent to all known creditors of the Company on March 17, 2020 by the Proposal Trustee, as a result, in accordance with the Initial Order, a notice will not be sent to creditors pursuant to section 23 (1)(ii)(b) of the CCAA.

Status of File as of May 10, 2023

On May 1, 2023 (the “Date of Bankruptcy”), 12463873 Canada Inc. (the “Company”) was assigned into bankruptcy for the general benefit of creditors pursuant to the provisions of the Bankruptcy and Insolvency Act (“BIA”) and PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as Licensed Insolvency Trustee, of the estates of 12463873 Canada Inc. (the “Trustee”).

Pursuant to the provisions of the BIA, on May 2, 2023 a notice of the bankruptcy and the first meeting of creditors with the statement of affairs and the proof of claim and proxy forms (the “Notice”) was sent by the Trustee to all known creditors of the Company. The Notice is available at the bottom of this page. 

The first virtual meeting of creditors (the “Meeting”) of the bankrupt will be held on May 15, 2023, at 10:00 am (EST), via Google Meet. To join the Meeting please follow a link below:

• Link: https://meet.google.com/oia-ebfb-irc
• or dial-in using the following telephone number and passcode:
• Tel: +1 226-315-7225‬ 
• Passcode: ‪102 431 303‬‬‬‬

Attendees will be asked to sign in or identify themselves at the Meeting.

To be entitled to vote at the Meeting, a creditor must lodge with the Trustee, before the Meeting, a proof of claim and, where necessary, a proxy.

Status of File as of March 30, 2023

On March 29, 2023, the Court issued the CCAA Termination Order which, among other things:

1. Approved the Twelfth Report and the Thirteenth Report of the Monitor and the activities and conduct of the Monitor described therein;
2. Approved the fees and disbursements of the Monitor and its legal counsel, including their respective fee accruals, as set out in the Thirteenth Report;
3. Terminated the CCAA Proceeding and discharged PwC, as Monitor in this CCAA Proceeding upon filing of the Monitor’s discharge certificate with the Court;
4. Authorized the Monitor to transfer the residual funds in the CCAA Proceeding to the bankruptcy estate of the Applicant upon bankruptcy of the Applicant; and
5. Amended order of the Honorable Justice Koehnen, dated September 27, 2021 to delete reference to the Ninth Report and insert reference to the Eleventh Report.

Status of File as of March 22, 2023

On March 21, 2023, the Monitor filed its motion for an order (the “CCAA Termination Order”) to, among other things,

1. Approve the Monitor’s Twelfth Report and the Thirteenth Report (as defined below) and the activities and conduct of the Monitor described herein;
2.  Approve the fees and disbursements of the Monitor and its legal counsel, including their respective fee accruals, as set out in the Thirteenth Report;
3. Terminate the CCAA Proceeding upon filing of the Monitor’s discharge certificate with the Court and discharging PwC, in its capacity as Monitor in this CCAA Proceeding;
4. Authorize the Monitor to transfer the residual funds in the CCAA Proceeding to the bankruptcy estate of the Applicant upon bankruptcy of the Applicant; and
5. Amend order of the Honorable Justice Koehnen, dated September 27, 2021 to delete reference to the Ninth Report and insert reference to the Eleventh Report.

On the same date, the Monitor filed its Thirteenth Report with the Court (the “Thirteenth Report”) to provide the Court with the information on:

1. The Earn-Out Payment in respect to Fiscal Period 2 (as defined in the Thirteenth Report);
2. The activities of the Monitor since the date of the Eleventh Report;
3. Applicant’s actual and forecast consolidated cash flows for the period from September 18, 2021 to March 17, 2023, including variance analysis;
4. The fees and disbursements of the Monitors and its legal counsel;
5. The termination of the CCAA Proceeding and the proposed assignment of the Applicant into bankruptcy; and
6. The Monitor’s motion for the CCAA Termination Order.

The motion will be heard on March 29, 2023.

Status of File as of May 2, 2022

On May 1, 2022, the Monitor filed its Twelfth Report with the Court to provide the Court with the information on:

1. the March 2022 Earn-Out Payment; and
2. the status of vetting secured claims.

Status of File as of September 27, 2021

On September 27, 2021, the Court issued the Stay Extension Order which, among other things:

1. Extended the Stay Period from September 30, 2021 up to and including March 31, 2023. The Monitor has agreed to provide a report to the service list on the FY21 Earn-Out under the Share Purchase Agreement and an update on the vetting of secured claims on or before April 30, 2021;

2. Approved the Tenth Report, the Supplemental Report, the Second Supplemental Report, the Eleventh Report and the activities of the Monitor as set out in these reports; and

3. Approved the fees and disbursements of the Monitor and its legal counsel as set out in the Eleventh Report

Status of File as of September 20, 2021

On September 20, 2021, the Applicant filed its motion with the Court for an order (the “Stay Extension Order”) to, among other things:

1. Extend the Stay Period from September 30 2021, up to and including March 31, 2022; and
2. Approve the fees and disbursements of the Monitor and its counsel; and
3. Approve the activities of the Monitor and its counsel, as set out in the Tenth Report, the Supplemental Report, the Second Supplemental Report and eleventh report of the Monitor dated September 20, 2021 (the “Eleventh Report”).

On the same date the Monitor filed its Eleventh Report with the Court to provide the Court with the information on, among other things:

1. ResidualCo’s actual and forecast consolidated cash flows for the period from February 6, 2021 to September 17, 2021;
2. ResidualCo’s cash flow forecast for the period from September 18, 2021 up to and including March 31, 2023;
3. The results of the S. LeBlanc’s Leave to Appeal Motion
4. The status of Lien and Trust Claims;
5. The results of the Monitor's HST Refund Motion
6. The activities of the Monitor since the Ninth Report;
7. The fees and disbursements of the Monitor and its counsel for the period from February 1, 2020 to August 31, 2021;
8. The Monitor's proposed next steps; and
9. The Monitor’s views on the Applicants motion for the Stay Extension Order.

The motion will be heard on September 27, 2021.

Status of File as of September 3, 2021

On September 3, 2021, the Court issued the HST Refund Order and an endorsement of the Honourable Mr. Justice Koehnen determining that ResidualCo was entitled to the 2020 HST Refunds in the amount of $456,529.92, which included the amount previously paid by CRA to the Monitor as well as the amount attributable to the period of the 4th quarter of 2020 prior to the closing of the Transaction, which had previously been paid by CRA to Green Relief.

Status of File as of July 2, 2021

On July 2, 2021, the Monitor filed a second supplement to the Tenth Report with the Court in support of its Notice of Motion dated March 24, 2021.

Status of File as of April 23, 2021

On April 14, the Monitor filed a supplement to the Tenth Report (the “Supplement to the Tenth Report”) with the Court in reply to the affidavit of Angus Footman sworn April 7, 2021 (the “Footman Affidavit”).

Status of File as of March 24, 2021

On March 24, 2021, the Monitor file its motion for an order (the “HST Refund Order”) to, among other things:

1. Declare that, with exception of (i) the HST refunds attributable to the period after the closing of the Transaction being from November 20, 2020 to December 31, 2020; and (ii) in respect of which only GRI could claim the input tax credits (“ITCs”) (the “HST Exception Amount”), ResidualCo. is entitled to the 2020 HST Refunds; and
2. Direct GRI to pay the amount of $109,168.63 less the HST Exception Amount to the Monitor on behalf of ResidualCo.

The date for the motion is to be set.

On the same date, the Monitor filed its Tenth Report with the Court (the “Tenth Report”) to provide the Court with information concerning:

1. The Monitor’s activities since the Monitor’s Ninth Report;
2. The Monitor’s discussions with Canada Revenue Agency (“CRA”) with respect to existing Harmonized Sales Tax (“HST”) refunds attributable to the period from January 1, 2020 to December 31, 2020 (the “2020 HST Refunds”);
3. The Monitor’s views on the Company’s entitlement to the 2020 HST Refunds; and
4. The Monitor’s reasons for a motion for the HST Refund Order.
   

Status of File as of February 18, 2021

On February 18, 2021, the Court issued the Stay Extension Order which, among other things:

1. Extended the Stay Period up to and including September 30, 2021;
2. Ordered that the extension of the Stay Period is without prejudice to Schilthuis Construction Limited and Kalos Engineering Inc. to seek orders lifting the stay to permit their construction lien and trust claims to proceed;
3. Approved the Ninth Report of the Monitor and activities of the Monitor as set out therein; and
4. Approved the fees and disbursements of the Monitor and its legal counsel as set out in the Ninth Report of the Monitor.

Status of File as of February 12, 2021

On February 11, 2021, the Applicant filed its motion with the Court for an order (the “Stay Extension Order”) to, among other things:

1. Extend the Stay Period from February 19, 2021, up to and including September 30, 2021; andApprove the activities, fees, and disbursements of the Monitor and its counsel, as set out in the Ninth Report of the Monitor dated February 11, 2021 (the “Ninth Report”).

On the same date the Monitor filed its Ninth Report with the Court to provide the Court with the information on, among other things:

1. The closing of the Transaction on November 20, 2020;
2. Green Relief’s and ResidualCo’s actual and forecast consolidated cash flows for the period from October 10, 2020 to November 19, 2020 for Green Relief and November 20, 2020 to February 5, 2021 for ResidualCo;
3. ResidualCo’s cash flow forecast for the period from February 6, 2021 up to and including September 30, 2021;
4. The Monitor’s comments on S. LeBlanc’s Leave to Appeal Motion (as defined in the Ninth Report);
5. The Monitor’s comments on the Lien and Trust Claims Motions (as defined in the Ninth Report);
6. The Monitor’s views on the Applicants motion for the Stay Extension Order;
7. The activities of the Monitor since the Eight Report; and
8. The fees and disbursements of the Monitor and its counsel for the period from October 10, 2020 to January 31, 2021.

The motion will be heard on February 18, 2021.

Status of File as of November 9, 2020

On November 9, 2020, the Court issued the Approval and Vesting Order which among other things

1. Approved the Transaction contemplated by the Share Purchase Agreement entered into between the Applicant and Purchaser on October 15, 2020, wherein the Purchaser will acquire the Shares of the Applicant;
2. Vested in the Purchaser all right, title, and interest in and to the New Common Shares;
3. Authorized: (i) the removal of Green Relief as an applicant in the CCAA Proceeding; and (ii) the addition of 12463873 Canada Inc. (“ResidualCo”) as an Applicant to this CCAA Proceeding upon the filing of the Monitor's Certificate and the Closing of the Transaction; 
4. Channeled all of the Applicant’s right, title, and interest in and to the Excluded Assets, the Excluded Contracts, and the Excluded Liabilities to ResidualCo;
5. Vested all of the right, title, and interest in and to the Post-Consolidation Shares to the Purchaser;
6. Granted certain enhanced powers to the Monitor in respect of ResidualCo; and
7. Approved the Releases in favour of certain third parties, including, among others, the Applicant’s current directors, officers, employees, independent contractors that have provided legal or financial services to the Applicant, legal counsel and advisors, and the Monitor and its legal counsel.

Status of File as of November 4, 2020

On November 4, 2020, the Court issued the Stay Extension Order which, among other things,

1. Extended the Stay Period to and including February 19, 2021;
2. Approved the Seventh Report and the Eighth Report of the Monitor and the activities described therein; and
3. Approved the fees and disbursements of the Monitor, as set out in the Eighth Report.

Status of File as of October 19, 2020

On October 19, 2020, the Monitor filed its Eighth Report (the “Eighth Report”) with the Court to provide the Court with the information concerning:

1. The activities of the Monitor since the Monitor’s Seventh Report;
2. The Monitor’s comments on the SPA, including the Company’s intention to add ResidualCo as an applicant to the CCAA Proceedings;
3. The Monitor’s comments on the Approval and Vesting Order;
4. The Monitor’s comments on the Company’s request to terminate the CCAA Proceedings in respect to Green Relief upon closing of the Transaction;
5. The Monitor’s comments to grant the Monitor’s Enhances Powers (as defined in the Eighth Report);
6. The Monitor’s view on the extension of the Stay Period up to and including February 19, 2021;
7. The Company’s actual and forecast cash flows for the period of September 12 to October 9, 2020;
8. The Company’s and ResidualCo’s cash flow forecast for the period from October 10, 2020 up to and including February 19, 2021; and
9. The fees and disbursements of the Monitor for the period from March 28, 2020 to October 9, 2020 and the fees and disbursement of DLA Piper (Canada) LLP, as counsel to the Monitor, for the period from April 2, 2020 to October 9, 2020.

The motion will be heard on November 2, 2020.

Status of File as of April 17, 2020

On April 17, 2020, the Court issued the Amended and Restated Initial Order, among other things:

1. Extending the Stay Period from April 17, 2020 up to and including May 8, 2020;
2. Permitting the Company to file the Plan;
3. Granting the Company the ability to restructure its operations, including the disclaimer of agreements and the disposition of assets, if necessary;
4. Authorizing the Monitor to assist the Company with the development of the Plan and convening a meeting of creditors, when appropriate;
5. Increasing the Administration Charge from $500,000 to $1,000,000; and
6. Approving noticing provisions to ensure a fair and orderly determination of any objections to relief sought by a party during the pendency of the CCAA proceedings. 

Status of File as of October 16, 2020

On October 15, 2020, the Applicant filed a motion with the Court for an

1. Order (the “Approval and Vesting Order”) to, among other things:
   a. Approve the transaction (the “Transaction”) contemplated by the Share Purchase Agreement (the “SPA”) entered into between the Applicant and 2650064 Ontario Inc. (the “Purchaser”) on October 15, 2020, wherein the Purchaser will acquire all of the issued and outstanding shares of the Applicant (the “Shares”), subject to the terms and conditions of the SPA;
   b. Vest in the Purchaser all right, title, and interest in and to the New Common Shares;
   c. Add a corporation to be incorporated (“ResidualCo”) prior to the closing of the Transaction as an Applicant to this CCAA Proceeding in order to effectuate the Transaction;
   d. Remove Green Relief as an Applicant in the CCAA Proceeding;
   e. Chanel all of the Applicant’s right, title, and interest in and to the Excluded Assets, the Excluded Contracts, and the Excluded Liabilities to ResidualCo;
   f. Vest all of the right, title, and interest in and to the Post-Consolidation Shares to the Purchaser;
   g. Grant certain enhanced powers to the Monitor in respect of ResidualCo; and
   h. Approve the releases provided for in paragraph 24 of the Approval and Vesting Order (the “Releases”) in favour of certain third parties, including, among others, the Applicant’s current directors, officers, employees, independent contractors that have provided legal or financial services to the Applicant, legal counsel and advisors, and the Monitor and its legal counsel; and for an
2. Order (the “Stay Extension Order”) to, among other things:
   a. Extend the stay of proceedings granted pursuant to the Initial Order from November 6, 2020, up to and including February 19, 2021;
   b. Approve the activities of the Monitor, as set out in the Eighth Report; and
   c. Approve the fees and disbursements of the Monitor, as set out in the Eighth Report.

The motion will be heard on November 2, 2020.

Status of File as of September 24, 2020

On September 24, 2020, the Court issued the RVO Term Sheet and 265 DIP Term Sheet Approval Order which, among other things:

1. Approved the Transaction outlined in the RVO Term Sheet;
2. Approved the RVO Term Sheet;
3. Approved the appointment of Mr. Angus Footman as n officer of the Applicant, on the terms listed in paragraph 5 of the RVO Term Sheet and 265 DIP Term Sheet Approval Order;
4. Approve 265 DIP Term Sheet;
5. Approved the Fifth Report, the Sixth Report of the Monitor and the Monitor’s activities as set out in those reports; and
6. Extending the Stay Period from September 24, 2020, up to and including November 6, 2020.

Status of File as of September 23, 2020

On September 22, 2020, the Applicant filed its motion with the Court for an order (“the RVO Term Sheet and 265 DIP Term Sheet Approval Order”) to, among other things,

1. Approve the share purchase transaction (the “Transaction”) outlined in the term sheet dated September 17, 2020 (the “RVO Term Sheet”) entered into between Green Relief and 265;
2. Approve the debtor-in-possession financing term sheet dated September 17, 2020 (the “265 DIP Term Sheet”) entered into between Green Relief and 265; and
3. Extending the Stay Period from September 24, 2020, up to and including October 30, 2020.

On the same date the Monitor filed its Seventh Report (the “Seventh Report”) with the Court to provide the Court with the information concerning:

1. The activities of the Monitor since the date of the Sixth Report;
2. The Monitor’s comments on the RVO Term Sheet;
3. The Monitor’s comments on the 265 DIP Term Sheet and 265 DIP Facility;
4. The Company’s cash flow forecast for the period from September 12, 2020 up to and including October 30, 2020 (the “Third September Cash Flow Forecast”); and
5. The Monitor’s view on the Applicant’s motion for the RVO Term Sheet and 265 DIP Term Sheet Approval Order.

The motion will be heard on September 24, 2020.

Status of File as of September 18, 2020

On September 17, 2020, the Court issued the Stay Extension Order, extending the Stay Period up to and including September 24, 2020.

Status of File as of September 16, 2020

On September 15, 2020, the Monitor filed its Sixth Report (the “Sixth Report”) with the Court to provide the Court with information regarding:

1.     The activities of the Monitor since the Supplemental Fourth Report;

2.     The Monitor’s comments on the plan of compromise and arrangement (“SWI Plan”), dated September 8, 2020 and submitted by Safe Workplace Solutions Inc. (“SWI”),

3.     The Monitor’s comments on the 265 Term Sheet (as defined in the Sixth Report);

4.     The Monitor’s comments on the DIP facility made available to the Company by SWI;

5.     The Monitor’s comments on the DIP facility made available to the Company by 265;

6.     The Monitor’s comments on the 265 Plan (as defined in the Sixth Report);

7.     The Monitor’s conclusion regarding the SWI Plan and 265 Term Sheet (together the “Proposals”);

8.     The Monitor’s conclusions regarding the SWI DIP Term Sheet and the 265 DIP Term Sheet (as defined in the Sixth Report);

9.     The Company’s actual and forecast cash flows for the period of August 22, 2020 to September 4, 2020, including an analysis of significant variances from forecast cash flows; and

10.  The Company’s cash flow forecast for the period from September 5, 2020 up to and including December 4, 2020 (the “Second September Cash Flow Forecast”).

Status of File as of September 3, 2020

On September 3, 2020, the Court issued the Stay Extension order extending the Stay Period up to and including September 17, 2020.

Status of File as of September 1, 2020

On September 1, 2020, the Applicant filed a motion for an order (the “Stay Extension Order”) to extend the Stay Period from September 3, 2020, up and to including September 17, 2020.

On the same date, the Monitor filed its Fifth Report (the “Fifth Report”) with the Court to provide the Court with the information on the following, among other things:

1. The Company’s actual and forecast cash flows for the period from July 25, 2020 to August 21, 2020;
2. The Company’s cash flow forecast for the period from August 22, 2020 up to and including September 8, 2020; and
3. The Monitor’s view of the Company’s request for the Stay Extension Order to extend the Stay Period to and including September 17, 2020.

The motion will be heard on September 3, 2020.

Status of File as of August 14, 2020

On August 13, 2020, the Court issued an order (the “Stay Extension and Increased Administration Charge Order”) which among other things:

1. Extended the Stay Period from August 13, 2020, up to and including September 3, 2020; and
2. Increased the maximum aggregate amount of the Administration Charge from $1,000,000 to $1,500,000.

Status of File as of August 11, 2020

On August 11, 2002, the Monitor filed its Fourth Report (the “Fourth Report”) with the Court to provide the Court with the information concerning:

1. The activities of the Monitor since the date of the Third Report;
2. An update on the Plans;
3. The claims process for the identification and adjudication of all claims against the Company and its directors and officers (the “Claims Process”);
4. The Company’s actual and forecast cash flows for the periods of June 6 to July 24, 2020;
5. The Company’s cash flow forecast for the period from July 25 up to and including November 6, 2020 (the “Cash Flow Forecast”);
6. The Monitor’s view on the Company’s motion for the Claims Procedure Order to approve the Claims Process, extend the Stay Period to and including November 6, 2020 and approve the Monitor’s Fourth Report.

The motion will be heard on August 13, 2020.

Status of File as of July 31, 2020

On July 31, 2020, the Applicant filed a motion with the Court for 

1. An order (the “Claims Procedure Order”), among other things, establishing a claims process (the “Claims Process”) for the identification, quantification, and resolution of all claims against the Applicant and its directors and officers; and

2. An order (the “Declaratory Order”) declaring, among other things that:

   1. The Applicant shall be entitled to finalize, file, and present its plan of compromise and arrangement dated July 31, 2020 (the “Plan”) for consideration at a meeting of the Affected Creditors (as defined in the Plan); and 

   2. No alternative to the Plan, including the plan of compromise or arrangement drafted by 265 shall be presented to the creditors of the Applicant for consideration unless and until the Plan is considered and voted on by the Affected Creditors of the Applicant and the required majorities thereof do not vote in favour of the Plan; and

3. An order (the “Stay Extension & DIP Approval Order”), among other things

   1. Approving the term sheet (the “DIP Term Sheet”) entered into between the Applicant and Safe Workplace Solutions Inc. (the “Plan Sponsor”) dated July 31, 2020, pursuant to which the Plan Sponsor agrees to lend the maximum principal amount of $2,500,000 (the “Plan Sponsor DIP Facility”) to the Applicant, subject to the terms and conditions described therein;

   2. Extending the Stay Period from August 13, 2020, up to and including November 6, 2020; and

   3. Approving the Monitor’s Fourth Report, to be filed (the “Fourth Report”), and the activities set out therein.

The motion will be heard on August 13, 2020.

Status of File as of July 20, 2020

On July 16, 2020, the Court issued an order (the “Stay Extension and Scheduling Order”) which, among other things,

1. Extended the Stay Period up to and including August 13, 2020; 
2. Ordered that the motion brought by 2650064 Ontario Inc. (“265”) by notice of motion dated June 8, 2020 (the “265 Motion”) returnable August 13, 2020; 
3. Ordered the Applicant to bring a motion on August 13, 2020 (the “Applicant’s Motion” and together with the 265 Motion, the “August 13 Motions”) in relation to advancing its proposed Plan of Compromise or Arrangement and the overall restructuring of the Applicant; and  
4. Approved the following timeline and documents to be delivered for the motions returnable on August 13, 2020:

a. the Applicant shall deliver its motion record in respect of the Applicant's Motion on July 31, 2020;

b. 265 and any other responding party, shall deliver responding materials to the Applicant’s motion record on August 7, 2020;

c. the Applicant, and any other responding party, shall deliver responding materials to the 265 Motion on August 7, 2020; 

d. the Monitor shall deliver its Fourth Report on August 10, 2020; and

e. the Applicant, 265, and any other  party responding to either of the August 13 Motions, shall simultaneously deliver their facta at 12:00pm (ET) on August 12, 2020.

Status of File as of June 17, 2020

On June 17, 2020, the Court issued   the Stay Extension, Amended and Restated Second Bridge DIP Term Sheet Order which, among other things:

1. Extended the Stay Period to and including August 7, 2020;
2. Authorized the Company to borrow under the Amended and Restated Second Bridge DIP Facility from the Second Bridge DIP Lender up to $1,250,000, unless permitted by further order of the Court;
3. Ordered that the Amended and Restated Second Bridge DIP Facility shall be on the terms and subject to the conditions set forth in the Amended and Restated Second Bridge DIP Term Sheet;
4. Ordered that the Second DIP Lender’s Charge shall have the same priority as the First DIP Lender’s Charge and rank pari passu with the DIP Lender’s Charge; and
5. Approved the Third Report of the Monitor.

On the same day, the Court issued  an Order (the “Payout Order”), which among other things directed the Monitor to remit the Held Amounts (as defined in the Payout Order) to the City of Hamilton within 15 calendar days of receipt of the Held Amount from the Court.

Status of File as of June 16, 2020

On June 15, 2020, the Monitor filed its third report (the “Third Report”) with the Court to provide the Court with information on:

1. The activities of the Monitor since the Second Report;
2. The Company’s cash flow for the period of April 25, 2020 to June 5, 2020 as compared to the cash flow forecast for the period of April 25, 2020 to June 19, 2020 (the “Extended Cash Flow Forecast”);
3. A cash flow for the period of the proposed extension of the Stay Period up to and including August 7, 2020 (the “Aug 2020 Cash Flow Forecast”); and
4. The Monitor’s view on the Company’s motion for the Stay Extension, Amended and Restated Second Bridge DIP Term Sheet Order.

Status of File as of June 11, 2020

On June 12, 2020, the Company filed a motion for an order (the “Stay Extension, Amended and Restated Second Bridge DIP Term Sheet Order”), to among other things:

1. Extend the Stay Period from June 19, 2020 to and including August 7, 2020;
2. Approve the term sheet (the “Amended and Restated Second Bridge DIP Term Sheet”) entered into between the Applicant and the Second Bridge DIP Lender, dated June 10, 2020, pursuant to which the Second Bridge DIP Lender agreed to increase the maximum principal amount of the Second Bridge DIP Facility from $500,000 to $1,250,000, subject to the terms and conditions described therein;
3. Increase the quantum of the Second DIP Lender’s Charge in favour of the Second Bridge DIP Lender from $500,000 to $1,250,000; and
4. Approve third report (the “Third Report”) of the Monitor, to be filed with the Court, and the activities set out therein.

The motion will be heard on June 17, 2020.

Status of File as of May 8, 2020

On May 8, 2020, the Court issued the Stay Extension, DIP Term Sheet Approval, Sealing Order which, among other things:

1. Extended the Stay Period from May 8, 2020 to and including June 19, 2020;
2. Approved the Second Bridge DIP Term Sheet entered into between Green Relief and Second Bridge DIP Lender, pursuant to which the Second Bridge DIP Lender agreed to loan the Second Bridge DIP Facility;
3. Approved a charge on all of the property of the Company for the Second Bridge DIP Facility (the “Second DIP Lender’s Charge”), having a pari passu ranking with the DIP Lender’s Charge;
4. Sealed confidential Exhibit “C” to the Jha Affidavit; and
5. Approved the Second Report of the Monitor.

Also, on May 8, 2020 the Court issued an order, retroactive to April 17, 2020 (the “Corporate Governance, Leases and Rescom Commitment Order”) which, among other things declared and ordered that:

1. The board of directors of Green Relief was properly constituted and had the requisite authority to authorize the Company’s filing of the Notice of Intention to Make a Proposal on March 11, 2020 (“NOI”);
2. Steven Leblanc is not presently a director of Green Relief and was not a director of Green Relief at the time of NOI;
3. Subject to the endorsement of J. Koehnen, dated April 20, 2020, no general or special shareholders’ meeting is required to be held;
4. The relief sought at: (i) paragraphs (d) to (o) of the Notice of Motion of the Minority Shareholders, dated March 18, 2020, and (ii) paragraphs (c) to (r) of the Second Fresh as Amended Notice of Motion of Leblanc dated April 3, 2020, be dismissed;
5. Green Relief is not required to pay any rent to Lyn Bravo in respect of the lease agreement dated January 1, 2015 or the lease agreement dated January 1, 2016 (collectively the “Leases”), on an interim basis pending the final determination of the validity of the Leases, the liability of Green Relief under those Leases, and whether Green Relief is the beneficial owner of the land known municipally as 780 8th Concession Road West, Hamilton (Puslinch), Ontario and any buildings or facilities thereon;
6. Lyn Bravo does not have a charge or security interest over any of the assets of Green Relief, is not a secured creditor of Green Relief and) is not entitled to any priority with respect to any amounts that may be determined to be owing to her; and
7. By no later than the twenty-third (23rd) calendar day of each month, Green Relief and Lyn Bravo shall each pay to the Monitor, an amount equal to the monthly payments required pursuant to the mortgage commitment (the “Commitment”) between Rescom Capital and Lyn Bravo dated August 4, 2016, including accruing real property tax; and
8. The Monitor shall transfer the monthly payment to Rescom Capital in accordance with the terms and conditions of the Commitment, pending further order of this Court.

Status of File as of May 4, 2020

On May 4, 2020, the Monitor filed its Second Report (the “Second Report”) with the Court to provide the Court with information on:

1. The Monitor’s activities since the date of the First Report;
2. The Company’s actual cash flow for the period from April 11, 2020 to April 24, 2020, as compared to the CCAA Cash Flow Forecast (as defined in the Second Report);
3. A cash flow forecast for the period from April 25, 2020 to June 19, 2020 (the “Extended Cash Flow Forecast”) to reflect the Company’s request to extend the Stay Period; and
4. The Monitor’s views of the relief sought by the Company in connection with its motion for the Stay Extension, DIP Term Sheet Approval, Sealing Order.

The motion will be heard on May 8, 2020.

Status of File as of May 2, 2020

On May 1, 2020, the Company filed a motion for an order (the “Stay Extension, DIP Term Sheet Approval, Sealing Order”), to among other things:

1. Extend the Stay Period from May 8, 2020 to and including June 19, 2020;
2. Approve term sheet (the “Second Bridge DIP Term Sheet”) entered into between Green Relief and Dr. Neilank Jha (the “Second Bridge DIP Lender”) dated May 1, 2020, pursuant to which the Second Bridge DIP Lender agreed to loan the maximum principal amount of $500,000 to Green Relief (the “Second Bridge DIP Facility”);
3. Seal confidential Exhibit “C” to the Affidavit of Neilank Jha, sworn May 1, 2020 (the “Jha Affidavit”) until further order of the Court; and
4. Approve the Second Report of the Monitor (the “Second Report”), to be filed, and the activities of the Monitor as set out therein.

Motion will be heard on May 8, 2020.

Status of File as of April 17, 2020

On April 17, 2020, the Court issued the Amended and Restated Initial Order, among other things:

1. Extending the Stay Period from April 17, 2020 up to and including May 8, 2020;
2. Permitting the Company to file the Plan;
3. Granting the Company the ability to restructure its operations, including the disclaimer of agreements and the disposition of assets, if necessary;
4. Authorizing the Monitor to assist the Company with the development of the Plan and convening a meeting of creditors, when appropriate;
5. Increasing the Administration Charge from $500,000 to $1,000,000; and
6. Approving noticing provisions to ensure a fair and orderly determination of any objections to relief sought by a party during the pendency of the CCAA proceedings. 

Status of File as of April 16, 2020

On April 16, 2020, the Monitor filed its First Report (the “First Report”) with the Court to provide the Court with information on:

1. the Monitor’s activities since the date of the Initial Order;
2. the Company’s cash flow for the period March 28, 2020 to April 10, 2020; and
3. the Monitor’s view of the relief sought by the Company in connection with its motion for the Amended and Restated Initial Order to be heard on April 17, 2020 (the “Return Motion”);
4. the Monitor’s review of the amounts and dates of payments made to Rescom Capital (“Rescom”) and Lyn Bravo to assist the Court in making a determination with respect to certain relief sought by Ms. Bravo at the Return Motion, namely what, if any, amounts should be payable by the Company to Rescom and Ms. Bravo on account of the 2015 Lease, 2016 Lease and the Bravo Loan Agreement (all as defined in the First Report); and
5. the Monitor’s conclusions and recommendations on the Company’s requested relief.

The motion will be heard on April 17, 2020.

Status of File as of April 15, 2020

On April 15, 2020, the Company filed a motion for an order (the “Amended and Restated Initial Order”) to, among other things:

1. Extend the Stay Period from April 17, 2020 up to and including May 1, 2020;
2. Permit the Company to file a plan of compromise or arrangement (“Plan”);
3. Grant the Company the ability to restructure its operations, including the disclaimer of agreements and the disposition of assets, if necessary;
4. Authorize the Monitor to assist the Company with the development of a Plan and convening a meeting of creditors, when appropriate;
5. Increase the Administration Charge from $500,000 to $1,000,000; and
6. Approve noticing provisions that will ensure a fair and orderly determination of any objections to relief sought by a party during the pendency of the CCAA proceedings. 

The motion will he heard on April 17, 2020.