Tag Archives: bankruptcy

POLAR PERMACULTURE FILES FOR BANKRUPTCY: Owners say COVID-19, lack of assistance for foreigner-owned companies force end to eight-year-old ‘local food’ and tourism project

permaculturegreenhouse

Photo of Polar Permaculture’s greenhouse in Nybyen courtesy of Polar Permaculture

Polar Permaculture – which started in 2013 with one man’s dream of a greenhouse producing local food in Longyearbyen, and blossomed into a full-blown produce and tourism company – announced Friday it is filing for bankruptcy due the COVID-19 pandemic and lack of available assistance for companies owned by foreigners.