14:00:25 EST Wed 05 Feb 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Bank of Nova Scotia
Symbol BNS
Shares Issued 1,245,083,113
Recent Sedar Documents

Globe says Scotiabank exposed after Listeria outbreak

2025-01-06 07:41 ET - In the News

The Globe and Mail reports in its Saturday edition that the beverage maker linked to Canada's deadly Listeria outbreak in plant-based milks last summer has filed for protection from creditors as it attempts to restructure. The Globe's Grant Robertson and Kathryn Blaze Baum write that Joriki Inc., which operated a production facility in Pickering, Ont., that produced certain types of plant-based milks recalled in July, is seeking protection to restructure under the Bankruptcy and Insolvency Act. A letter sent to creditors Friday by trustee Alvarez and Marsal Canada said the process will "allow the Company breathing room while it evaluates its strategic alternatives." Joriki was contracted by Danone Canada to produce plant-based milks at the Pickering facility. Several varieties of almond, coconut and other plant milks under the Silk and Great Value brands were recalled on July 8 after public-health officials linked Listeria cases to a production line at the site. The outbreak led to three deaths. The Globe last month found the Pickering plant had not been examined by a Canadian Food Inspection Agency inspector since 2019. Joriki owes $203-million to over 200 creditors, including $174-million to Bank of Nova Scotia.

© 2025 Canjex Publishing Ltd. All rights reserved.