The co-op announced the sudden closure in a members' email sent out this morning, stating:
"Unfortunately, we simply do not have sufficient capital to continue operating with our current monthly losses. This decision has been an incredibly difficult one. We believe closing now will allow us to take time over the winter to explore the possibility of an alternative business model that may be viable. As always, we are committed to making any such alternative business model align with the Carrot’s vision, mission, and values."
The Carrot will host a members meeting next Saturday, October 17 at 10am, to discuss the decision, the next steps and the potential alternatives for evolving the grocery's model.