VANCOUVER, British Columbia, July 21, 2021 (GLOBE NEWSWIRE) – Immaculate Confection, Ltd. (“Confection”), operator of the Canadian Rocky Mountain Chocolate Factory franchise network with more than 50 corporate and owner-operated retail stores, today announced it has filed a lawsuit in the Supreme Court of British Columbia v Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF) (“RMCF”), operator of the international Rocky Mountain franchise network and licensor of Confection.
On June 21, 2021, Confection received a letter from RMCF purporting to formally terminate all remaining contracts between the parties, after initiating formal legal proceedings against Confection in Colorado in March 2020. Confection intends to vigorously oppose the attempts by RMCF to terminate the parties’ current contract. business relationship.
Confection intends to pursue all available remedies, and will seek damages caused by the actions of RMCF for an amount to be determined, including for the reduction in the value of the Canadian company. According to documents filed by RMCF in Colorado, the Canadian company generated sales of $ 365.6 million between 2000 and 2019.
About Immaculate Confection Ltd.
Immaculate Confection Ltd. is a privately held Canadian company based in Burnaby, British Columbia, whose sole business is the operation of the Canadian franchise network Rocky Mountain Chocolate Factory.
For more information, please contact Kate Glasser at [email protected] or 604-298-2462.