Lighthouse Immersive Inc. and Lighthouse Immersive USA, Inc., which are in the business of producing immersive show exhibits in Canada, the US and various cities around the world, obtained CCAA protection on July 27, 2023. The Canadian entity is based in Toronto, Ontario, while the US entity is a Delaware corporation incorporated to facilitate the expansion of Lighthouse’s immersive art shows into the US. Given the success of Immersive Van Gogh in Toronto, Lighthouse expanded into the US market at a rapid rate, incurring collective liabilities in excess of $100 million. As COVID-19 restrictions lifted and theatres, galleries and museums reopened, Lighthouse’s sales and revenue dropped, and it ultimately became unable to meet its liabilities. Lighthouse has also obtained a stay of proceedings in the US. B. Riley Farber was appointed Monitor, represented by TGF. Miller Thomson is counsel to Lighthouse and Cozen O’Connor is counsel for SCS Finance, the DIP lender.

By: Dina Milivojevic