Cape Breton Farmers’ Market Co-operative Limited, Bankruptcy

Cape Breton Farmers’ Market Co-operative Limited, which organized the farmers’ market in Cape Breton, Nova Scotia by bringing together multiple independent vendors, filed an assignment in bankruptcy on June 2 listing approximately $245 thousand in liabilities, including $91 thousand to Sydney Credit Union.

Despite efforts by former management and support from the community, the co-operative faced significant financial challenges due to a constantly diminishing customer base. Revenues were unable to keep pace with growing expenditures, and the co-operative was unable to fulfill its payment obligations to creditors.

Goldhar & Associates is the bankruptcy trustee.