On July 25, 2024, the Board of Directors of BC Tree Fruits Cooperative determined that due to extremely low estimated fruit volumes, weather effects, and difficult market and financial conditions, the cooperative will not be able to effectively operate the business moving forward.
As a result, BC Tree Fruits Cooperative and all its subsidiaries will be taking steps to seek court direction and assistance to liquidate the Cooperative in an effort to maximize recovery for all stakeholders.
"This is a very unfortunate situation, and we are working with our lenders and advisors as we embark on this process. We respectfully ask for your patience as we navigate through the process," the company said in a release.
BC Tree Fruits Cooperative is comprised of over 330 local families who produce a variety of tree fruit commodities including apples, cherries, pears, peaches, nectarines, apricots, prunes, plums and table grapes. The company's head office is located in Kelowna, BC.
For more information:
Laurel Van Dam
BC Tree Fruits Cooperative
Tel: 250-808-0928
[email protected]
www.bctreefruits.com
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