Goli Gummy Supplier Better Nutritionals Files for Bankruptcy

Better Nutritionals, a gummy supplement manufacturer, filed for Chapter 11 bankruptcy Tuesday amid a dispute with gummy retailer and major customer Goli Nutrition.

• Better Nutritionals listed assets of at least $50 million and liabilities of at least $100 million in its bankruptcy petition
• The company manufactures gummies for Goli, which is best known for its apple cider vinegar supplements
• Better Nutritionals this week accused Goli of fraudtied to a stock swap transaction
• The company ran low on cash after building out a manufacturing facility to meet increased production requests from Goli that ultimately didn’t materialize, Chief Executive Officer Sharon ...