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bankruptcy
AeroFarms updates bankruptcy restructuring efforts
Newark, NJ, July 13, 2023 (GLOBE NEWSWIRE) — AeroFarms, Inc. (“AeroFarms” or the “Company”), a global leader in indoor vertical farming, today...
Tattooed Chef to seek Chapter 11 bankruptcy protection and asset sale
PARAMOUNT, Calif., June 30, 2023 – Tattooed Chef, Inc., a leader in plant-based foods, announced today that it intends to file for...
AeroFarms files for Chapter 11 bankruptcy protection
Newark, New Jersey, June 08, 2023 (GLOBE NEWSWIRE) — AeroFarms a global leader in indoor vertical farming, today announced that,...
Kalera Inc. files for Chapter 11 protection, parts with CEO
Orlando, Fla, April 04, 2023 (GLOBE NEWSWIRE) — Kalera Public Limited Company (“Kalera PLC” or the “Company”) (Nasdaq: KAL), a...
Credit & Finance: One-Year Wonders – A case study Part 2
Trade experience survey data reported on Stonehedge Produce Corporation (Stonehedge) BB #:375070, previously located in Atlanta, GA, never exceeded more...
Credit & Finance: One-Year Wonders – A case study Part 1
In past articles, we typically have studied companies with a more significant tenure and with a well-established footprint. However, there...
Credit & Finance: One-Year Wonders
According to the U.S. Bureau of Labor Statistics, nearly one in five U.S. businesses fail within the first year. This...
Fruits Et Legumes Royal files intent under the Canadian Bankruptcy and Insolvency Act
Montreal-based importer-receiver, Fruits Et Legumes Royal BB #:375172, filed an Intention to Make a Proposal under the Bankruptcy & Insolvency...
Lakeside Produce files bankruptcy, owes $188MM
Leamington, ON-based greenhouse grower Lakeside Produce Inc. BB #:158819 filed for bankruptcy last week, owing $188 million (Canadian) to creditors....
PACA Trust bankruptcy case could go to Supreme Court
A federal appeals court ruling this summer that allowed a bankrupt Florida grocery store owner to discharge debts owed to...
A credit risk case study: The conclusions from H. Brooks saga
So what really happened here? Why did this century-old company close its doors? In an email shared with The Produce...
A credit risk case study: H. Brooks’ ownership change and optimism
In the summer of 2019, H. Brooks and Company, LLC BB #:100563 New Brighton, MN, had entered into a definitive...
A credit risk case study: What happened to H. Brooks
Data, scores, and A/R provided sufficient warning and reason for vendors to monitor transactions and outstanding balances with H. Brooks...
A credit risk case study: Tracking the demise of a century-old company
Conventional wisdom would suggest 2021 was littered with business closures in the wake of the onset of the pandemic in...
Twin Cities private equity merger sours as J&J, H. Brooks near bankruptcy
UPDATED: Two years after a private equity firm acquired two iconic Twin Cities’ fresh produce operations, bankruptcy appears imminent as...
Buffet restaurant chain cites pandemic in bankruptcy filing
SAN ANTONIO–(BUSINESS WIRE)–Fresh Acquisitions, LLC which operates Furr’s Fresh Buffet, and several of its affiliates including Buffets LLC and its...
Country Fresh enters into stalking horse purchase agreement in bankruptcy sale
THE WOODLANDS, Texas, Feb. 16, 2021 (GLOBE NEWSWIRE) — Country Fresh, BB #:280778 a leading fresh-cut fruit, vegetable, and snacking...
Tennessee firm posts $400,000 bond for PACA license
WASHINGTON, Nov. 23, 2020 – Legendary Baking I LLC, BB #:370973 trading as J. Horners, operating out of Nashville, Tenn.,...
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