Tag: bankruptcy

Prima Wawona, the industry's largest producer of stone fruit, today announced that it is transitioning ownership of the Company and recapitalizing the business.

On August 9, 2023, Texas Produce Co., Inc., Houston, TX., filed a voluntary petition for bankruptcy under Chapter 7 In the United States Bankruptcy Court, Southern District of Texas (Houston) under case number 23-33038. 

On July 26, 2023, Star Farms, Inc. located in Brighton, CO., filed a petition for bankruptcy under Chapter 12 In the United States Bankruptcy Court District of Colorado (Denver) under case number 23-13320.

Jacksonville, FL-based Surge Transportation reportedly owes 1,000 to 5,000 creditors an estimated $10 million to $50 million.

The company says it has a commitment from its largest secured creditor for $30 million debtor-in-possession financing, and plans to transfer operations of another farm to Mastronardi Produce in exchange for $3.75 million. Both are subject to approval.

In a recent bankruptcy update, AeroFarms says it plans to continue operating, and sell assets to a group of current investors.

Tattooed Chef, Inc., a leader in plant-based foods, announced today that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and intends to pursue a sale of substantially all of its assets under Section 363 of the Bankruptcy Code.

AeroFarms a global leader in indoor vertical farming, today announced that, after careful consideration by its board, it has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Kalera Public Limited Company, a vertical farming company headquartered in Orlando, Florida, announced today that its wholly owned and main operating subsidiary, Kalera, Inc. has filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Texas seeking relief under Chapter 11 of Title 11 of the United States Code.

Trade experience survey data reported on Stonehedge Produce Corporation, previously located in Atlanta, GA, never exceeded more than two trade reports.