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Dive Brief:
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BurgerFi management has substantial doubt over its ability to continue operating due to the company’s liquidity position and forecast of weak operating results and cash flows, the chain said in a document filed last week with the U.S. Securities and Exchange Commission.
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The restaurant chain may consider bankruptcy protection if it does not receive “adequate relief” from senior lenders, or an injection of liquidity, including from outside providers or through the sale of company assets.
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BurgerFi said in May that its liquidity issues were pushing it to
