TheMustard Seed has declared bankruptcy and announced it is closing its doors.
In an email to members sent Monday and obtained by CBC, the boardsaysits unsecured debts exceedits assetsby “well over $300,000.”
“On declaration of bankruptcy the volunteer board had to resign,” the email said. “All the staff have lost their jobs. This is an unfortunate impact of the bankruptcy.”
In a post on Instagram that starts with “FAREWELL,” the Hamilton co-op thanked supporters and said “the lights are now off.”
“It is very difficult to be writing this as there are so many things left to say,” it reads. “It’s been a pleasure to have served you for the last 7+ years.”
CBC has reached out to the co-op and its board for comment.
The co-op is located o…
Read the full article at: https://www.cbc.ca/news/canada/hamilton/mustard-seed-cop-op-closed-1.6159353