Liquidated plant-based meat company Sustainable Foods owes Kānoa $1.4m

Sustainable Foods has $2.93 million in debt and liabilities, according to PWC insolvency practitioners Malcolm Hollis and Richard Nacey. (Image: NZME)

Gregor Thompson

Mon, 09 Dec 2024

Liquidated plant-based food manufacturer Sustainable Foods is nearly $3 million in arrears.A summary report of the administration was published in the Companies Office on Monday, two weeks after the company, which makes the plan*t line of hemp-based meat alternatives, entered liquidation.In their report, PWC insolvency practitioners Malcolm Hollis and Richard Nacey said the company has $2.93m in debt and liabilities.The largest portion of the liabilities are tied to a $1.4m general security agreement (GSA) with Crown Regional Holdings, the hold...

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