May 1, 2020
Cranbrook Glen Enterprises Ltd., which operates as the camera and accessories retailer Henry's, filed an NOI on May 1, listing approximately $24.0 million in liabilities, including $14.8 million to BMO. With all 30 of the Henry’s retail locations temporarily closed as a result of COVID-19, the company has seen a significant impact to its sales. While its e-commerce operations remain, Henry’s intends to close seven of its stores during this restructuring and reopen the remaining 23 stores once COVID-19 measures are lifted. Grant Thornton is the proposal trustee. Counsel is Loopstra Nixon for the company and McCarthy Tétrault for BMO.