Bloomberg Law
Dec. 20, 2022, 9:24 PM

Goli Gummy Supplier Better Nutritionals Files for Bankruptcy

Jeremy Hill
Jeremy Hill
Bloomberg News

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 ...