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
- 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 ...