GoodGood Cafe Inc. and five affiliated entities — GoodGood Cafe 1909 Inc., GoodGood Cafe 709A Inc., GoodGood Cafe 140A Inc., GoodGood Cafe 4103 Inc. and GoodGood Cafe 1187 Inc. — became bankrupt on November 21, 2022 under the Bankruptcy and Insolvency Act, with KSV Restructuring Inc. acting as licensed insolvency trustee. The matter is before the Ontario Superior Court of Justice (Commercial List) under court file 31-2886715 and remains active. The Statement of Affairs sworn for GoodGood Cafe Inc. as at the date of bankruptcy reports total assets of $3,094,126.00 against total liabilities of $5,698,356.00, a stated deficiency of $2,604,230.00, and no secured or preferred creditors. The largest listed unsecured claim is $5,643,841.00 owing to GoodGood Labs Inc., formerly RKM Labs Inc.
The officer filed a report. The GoodGood Entities operated a chain of five cafes until the bankruptcy filing, at which point the Trustee immediately ceased all operations and terminated all 53 employees. Court file 31-2886715.
The officer filed report no. First Report. The GoodGood Entities operated a chain of five cafés in the Greater Toronto Area; the Trustee immediately ceased operations of the cafés upon its appointment, following sustained losses and the related-party lender's refusal to provide further financing. Court file 31-2886715.
Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/goodgood-cafe-inc-goodgood-cafe-1909-inc-goodgood-cafe-709a-inc-goodgood-cafe-14
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