On July 29, 2025 (the “Filing Date”), QM GP Inc. (“QM GP”) and Highpoint Environmental Services Inc. (“Highpoint”) (together, “QME” or the “Applicants”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and were granted an order (the “Initial Order”) pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).

The Initial Order, among other things: (i) declares that the Applicants are debtor companies to which the CCAA applies, extending the protections, authorizations, restrictions, and benefits of the Initial Order and the CCAA to QM LP, QMF LP, TWT LP, and Quantum Holdings LP (collectively, the “Non-Applicant Related Parties” and together with the Applicants, the “QM Group”); and (ii) provides for a stay of proceedings in favor of the QM Group.

Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicants.

Lien Regularization Order

On July 29, 2025, the Court granted the Lien Regularization Order (the “LRO”). Among other things, the LRO establishes a streamlined Court supervised process, administered by the Monitor, to replace the process typically utilized by lien claimants’ to preserve and perfect a lien under the Provincial Lien Legislation (as defined in the LRO).  A copy of the LRO can be found here.

The LRO is applicable for Continuing QM Projects (as defined in the LRO) only. The list of Continuing QM Projects can be found here.

Any Person who wishes to assert a Lien Claim (as defined in the LRO) in respect of a Continuing QM Project, whether in respect of materials and/or services supplied before or after the Filing Date shall deliver by email a Lien Notice in the form attached to the LRO as Schedule “C”.

The form of Lien Notice can be found here. Lien Notices must be sent by email to the following: jnevsky@alvarezandmarsal.com; nfennema@alvarezandmarsal.com; carmstrong@goodmans.ca; eaxell@goodmans.ca; skour@reconllp.com; cfell@reconllp.com; nrambaran@reconllp.com