July 13, 2021
Solo GI Nutrition Inc., a Kelowna, BC-based producer of low glycemic energy bars and snacks, filed for bankruptcy on July 13, listing approximately $44.3 thousand in assets and $1.8 million in liabilities, including $541 thousand to RBC and $261.9 thousand to Economic Trust Southern Interior ("ETSI"). The company incurred net operating losses for the years ending June 2019 and June 2020. During the COVID-19 pandemic, the company's manufacturer ceased operating, which further exacerbated the company's existing financial problems. In February, RBC and ETSI each issued demand letters to the company. MNP is the bankruptcy trustee.