There’s a battle brewing over the ownership of Dare Foods.
The Kitchener-based company was owned by Carl Dare. After Dare died, the company was passed down to his three children: Carolyn Dare-Wilfred and her two brothers.
Dare-Wilfred now says she’s ready to sell her shares in the company.
“I’m not involved in the company at all. I live in New Zealand and I really just want to get on with my life here.”
Dare-Wilfred currently owns a 27% of the company. She says she needs to sell her stake to pay off a debt she owes the Canadian Revenue Agency.
“The tax department is giving us time to sell the shares so that we can pay off the tax,” says her husband Harmon Wilfred.
Dare-Wilfred wanted to sell her shares to her brothers, but she says their offer was below fair market value.
“It was really against the shareholder agreement and I just blatantly said no thank you.”
Dare-Wilfred now says she has no choice but to sell them publicly.
Since Dare-Wilfred only owns 27% of Dare Foods her brothers will still have majority control over the company.
She says she wants to put the family feud behind her and move on with her life.
CTV contacted Dare Foods for a comment but we did not receive a response by our deadline.
