None
EN
Meal kit company Goodfood granted creditor protection from court, may sell business (Business)
['Tara Deschamps', 'The Canadian Press - Aug']
Castanet.net - Most Recent Stories
Business NewsMeal kit company Goodfood granted creditor protection from court, may sell businessGoodfood gets protectionPhoto: The Canadian Press Le siège social de Goodfood, photographié le lundi 6 février 2023, à Montréal.
LA PRESSE CANADIENNE/Ryan RemiorzA Quebec court has granted a request for creditor protection Goodfood Market Corp. made in hopes of restructuring under a new owner or with help from investors.
The creditor protection period is often extended at subsequent hearings, when applicants get deeper into their restructuring or wind down.
In the case of Goodfood, the plan is to restructure and the company says creditor protection will give it the time and flexibility to do so.
While the court process plays out, customers will be able to place orders that Goodfood will continue to fulfil.