The Fresno, Calif.-based stone fruit producer has filed for Chapter 11 bankruptcy protection, seeking a third-party sale or conversion of existing debt into equity ownership.
As the dust settles in recent Chapter 11 bankruptcy proceedings, a new controlled environment agriculture company from the Netherlands is poised to secure AppHarvest’s 30-acre farm facility in Somerset, Ky.
SecondBloom Auctions, a management firm specializing in indoor growing facilities, is auctioning assets from AeroFarms’ vertical farm facility in Newark, N.J., through Sept. 28.
The indoor grower has secured a financing commitment to support operations at three of its four farms during Chapter 11 bankruptcy proceedings and hopes to maintain operations and employees through transition.
Kalera, a vertical farming company based in Orlando, Fla., filed April 4, for Chapter 11 bankruptcy, and the CEO stepped down. But leaders are making arrangements to continue regular operations throughout the process.
Country Fresh and Sun Rich USA, two divisions previously part of the Fresh Food Group, will now operate as a standalone company under the Country Fresh name.
The Woodlands, Texas-based Country Fresh filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.
The U.S. Department of Agriculture has filed an administrative action under the Perishable Agricultural Commodities Act against a Chicago wholesaler specializing in organic and locally grown produce.
Bi-Lo LLC, which owns Winn-Dixie stores, and Tops Friendly Markets are planning to file for bankruptcy, as Amazon’s purchase of Whole Foods continues to put pressure on retailers.
Chadbourn, N.C.-based Wayne E Bailey Produce Co. has filed for Chapter 11 bankruptcy protection, but firm president George Wooten said the 85-year old company will continue to operate normally as it reorganizes.
The U.S. Department of Agriculture has filed administrative complaints under the Perishable Agricultural Commodities Act against C&D Produce Outlet Inc. and C&D Produce Outlet South Inc.
In an effort to enforce a civil judgment, attorneys for ProducePay Inc. accompanied six U.S. Marshals on an Aug. 21 raid resulting in the seizure of the business assets of Honey Bee Produce LLC.
Giving the company 60 days to settle claims against it, Fresh & Easy LLC has entered into a consent agreement with the U.S. Department of Agriculture to settle its Perishable Agricultural Commodities Act case.