9595228 Canada Inc. o/a F.O.D. Food on Delivery, Bankruptcy

9595228 Canada Inc. o/a F.O.D. Food on Delivery (“FOD”), a food delivery service operating within the Greater Toronto Area as well as New York City, filed an assignment into bankruptcy on May 26, 2023. FOD had grown to over 90,000 users who placed over 1.2 million orders with over 500 restaurants over five years of operations. The company had developed its own on-line platform/app and, like other food delivery service providers, FOD experienced a spike in sales during the pandemic. However, after pandemic restrictions were lifted, order volumes decreased to the point where the economies of scale no longer existed to allow FOD to stay current with its liabilities. The company has listed over $2 million in liabilities, including amounts owing to BDC and CRA. Grant Thornton is the Bankruptcy Trustee.

By: Dina Milivojevic