Whyte’s Foods Inc., NOI

Whyte’s Foods Inc., a leading producer of pickled and fermented food products in Canada with a head office in Mississauga, Ontario, filed an NOI on August 23, 2023. The company’s operations were adversely affected by the pandemic and consequential effects, including labour shortages, global supply chain disruptions, inventory supply, reduced demand from food service customers, and increased freight and logistic costs. Crop shortages in 2021 to 2023 further exacerbated the company’s situation. Over 2022 and 2023, the company continued to face significant cash low constraints and supply issues. Despite the company’s efforts to address these challenges, it required additional capital to address its imminent liquidity crisis. A&M is the Proposal Trustee, represented by Fasken. Stikeman Elliott is counsel for the company, Norton Rose Fulbright is legal counsel and EY is financial advisor for Wells Fargo Capital Finance Corporation Canada, Gowling WLG is legal counsel and FTI is financial advisor for Farm Credit Canada, and Osler is counsel for Aliments Putters.

By: Dina Milivojevic