On January 16, 2023, pursuant to an Order of the Supreme Court of British Columbia, BDO Canada Limited was appointed as Receiver and Manager of the assets, undertakings and property of The Very Good Food Company Inc., 1218158 B.C. Ltd., 1218169 B.C. Ltd., The Cultured Nut Inc., The Very Good Butchers Inc., Lloyd-James Marketing Group Inc., and VGFC Holdings LLC (“VGFC Group”).
The Very Good Food Company Inc. was a plant-based food company that produced plant-based burgers, ribs, steaks, sausages, meatballs and non-dairy cheese.
The Receiver conducted a sales process for the assets of VGFC Group. The deadline for submission of a letter of intent was 4:00pm PST on February 10, 2023. The final bid process commenced on February 17, 2023, with no prospective going concern buyer interested as of February 22, 2023.
On April 12, 2023, the Court approved the Agency Agreement with Gordon Brothers and New Mill Capital to liquidate VGFC Group’s assets.
On April 28, 2023, The Receiver assigned The Very Good Food Company Inc. into bankruptcy. The First Meeting of Creditors occurred via Microsoft Teams on May 19, 2023, at 10:00am PDT.
For more information about this file, please contact:
Troy Chesley
Phone: +1 (604) 646-6215
Email: [email protected]
Court Orders
Receivership Order (Jan 16, 2023)
Order Regarding Costs Against Modern Forklift (February 13, 2023)
Order Approving Liquidation of Assets and Granting Receiver Power to Bankrupt the Company(Mar 22, 2023)
Order Approving Agreement With Gordon Brothers and New Mill Capital (Apr 12, 2023)
Receivership Application Materials
Consent to Act (Filed January 11, 2023)
Notice of Hearing of Petition (filed Jan 13, 2023)
Petition for Receivership for VGFC et al. (filed January 13, 2023)
Receiver Reports
Pre-Filing Report of the Proposed Receiver (January 12, 2023)
First Report of the Receiver (February 9, 2023)
Second Report of the Receiver (March 9, 2023)
Third Report of the Receiver (April 6, 2023)
Motion Materials
Notice of Application by Modern Forklift Services Ltd. (February 10, 2023)
Application Response of the Receiver (February 10, 2023)
Notice of Application by the Receiver to Liquidate the Assets (March 14, 2023)
Notice of Application to Approve the Agency Agreement (April 6, 2023)
Affidavits
Affidavit #1 of James Bruce (Filed January 13, 2023)
Exhibits to Affidavit #1 of James Bruce
Affidavit #1 of Jason Evans (Modern Forklift) (February 2, 2023)
Affidavit #1 of Rick Pearson (February 9, 2023)
Notices to Creditors
Form 87 - Notice and Statement of the Receiver (VGFC holdings LLC)
Form 87 - Notice and Statement of the Receiver (The Very Good Butchers Inc.)
Form 87 - Notice and Statement of the Receiver (The Cultured Nut Inc.)
Form 87 - Notice and Statement of the Receiver (1218169 B.C. Ltd.)
Form 87 - Notice and Statement of the Receiver (1218158 B.C. Ltd.)
Form 87 - Notice and Statement of the Receiver (The Very Good Food Company Inc.)
Form 87 - Notice and Statement of the Receiver (Lloyd-James Marketing Group Inc.)
Bankruptcy Filings
Creditors Package (May 1, 2023)