Monette Farms

When a company undergoes a financial restructuring under Canada’s Companies’ Creditors Arrangement Act (CCAA), a court oversees the sale of assets to ensure the process is fair, transparent, and orderly. A court-appointed monitor — an independent third party — manages the process and reports to the court throughout. For buyers, this means the sale follows a clear, legally structured process with built-in protections at every stage.

SISP stands for Sale and Investment Solicitation Process— a formal, court-approved process used to bring assets to market in an organized and transparent way. Unlike a standard sale, a SISP has two tracks: it invites both outright purchases of land and investment proposals — meaning a qualified party could potentially participate by acquiring assets, investing in the operation, or some combination of both. Think of it as a structured bidding process, overseen by the court and an independent monitor, designed to ensure the land is marketed fairly and that all qualified buyers and investors have a genuine opportunity to participate. It sets clear rules around how offers are submitted, evaluated, and approved, which protects both buyers and creditors throughout the transaction.

The court has established a structured timeline to guide the sale and investment process from start to finish. Here's what the key milestones mean for buyers and investors:

Listing Launch — June 29, 2026
This is when properties are publicly listed and available for review. Buyers and investors can begin viewing land, requesting information packages, and engaging with the listing brokers.

Binding Bid Deadline — October 15, 2026

All offers and investment proposals must be submitted in final, binding form by this date. This is not a soft deadline — bids received after this date will not be considered. However, early submissions are strongly encouraged: buyers designated as Successful Bidders before the deadline may be brought to Court for approval before October 31.

Court Approval — October 31, 2026

Successful bids are presented to the court for approval. The monitor reviews all submissions and makes recommendations to the court. Approval at this stage confirms which transactions will proceed.

Not necessarily. While the process is designed to maximize the recovery of value across the portfolio, the outcome will depend on the bids received, any investment proposals put forward, and the decisions of the monitor and lender group. It is possible that some parcels are retained, that an investment transaction changes the composition of what comes to market, or that the process concludes in a way that removes some or all of the land from sale entirely.

What that means for buyers is straightforward: if there is land in this portfolio that fits your operation, don't wait. The opportunity to purchase may not remain open indefinitely, and there is no guarantee that a parcel available today will still be available tomorrow. A serious, well-structured offer submitted early is the best way to secure your position.

Yes. Individual parcels and smaller groupings will be considered. You do not need to buy an entire package to participate, and smaller purchases may qualify for an expedited court approval pathway (see question 6 for details).

One thing worth understanding clearly: smaller purchases will be considered, but they are not automatic. Each request will be evaluated in the context of the broader portfolio — whether separating a parcel would compromise the marketability or value of what remains, whether it is already part of another buyer's offer, and whether it leaves the remaining land in a position to attract competitive bids.

A producer interested in a specific quarter or a smaller block should absolutely reach out. The answer may well be yes. But the process is designed to protect the integrity of the whole portfolio, not just accommodate individual requests in isolation.

The best thing you can do is come prepared. A clean, unconditional offer at your best price on a well-defined piece of land gives you the strongest possible position. Reach out to the listing Ag Expert early — we'll help you put your best foot forward.

Once your offer has been reviewed by the monitor and evaluated against any competing bids, you will be notified through your listing Ag Expert. If your offer is designated as a Successful Bid, your Ag Expert will walk you through the next steps, including the court approval process and closing timeline.

If your offer is not approved or accepted, you will be notified promptly and with the respect your effort deserves. We know that submitting an offer on land that matters to your operation is not a small thing — and we are committed to making sure you are never left without an answer. Every offer will be treated seriously, and every buyer will hear back from us directly.

Each listing is co-listed with two Ag Experts. Reach out to either one — they have both viewed the property, researched it thoroughly, and know it well. They also know this process inside and out. From your first question to your final submission, they can walk you through every step, help you structure an offer that is positioned in the best possible light, and make sure nothing stands between you and the land you want. Use the contact information provided on the listing, or reach out to us directly using the contact form on this page.