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GreenSpace will reap CAD1.8m from the deal and also royalties based on revenue |
Loss-making Canadian food manufacturer GreenSpace Brands is undergoing a strategic restructuring process which will include the disposal of its Rolling Meadow Dairy brand and a reduction in its headcount.
Nine jobs are set to go as part of changes to the business model being instigated by Toronto-based GreenSpace, which also said in a statement late yesterday (31 January) that chief financial officer Greg Guyatt will be leaving the firm for another senior finance position. Cindy Leung, who is currently vice president of finance, will fill the role on an interim basis.
Guyatt only joined the Toronto-listed business during the summer, when he r…
Read the full article at: https://www.just-food.com/news/loss-making-greenspace-brands-restructuring-sees-sale-of-rolling-meadow-as-cfo-departs_id140868.aspx