TreeSap Farms, a major supplier of landscaping plants, has filed for Chapter 11 bankruptcy protection in a Texas court, staggering under a $229 million debt load. The Houston-based company blames years of relentless bad weather in Southern California, which it says crippled operations nationwide, leaving it starved for cash.
In a late Monday filing, TreeSap announced plans to sell off most of its assets, a desperate move for survival.
A Nursery Powerhouse Caught in a Financial Storm
TreeSap Farms, which cultivates over 33 million shade trees, shrubs, and ornamental plants annually across 15 farms in California, Texas, Florida, and Oregon, has long been a pillar in the landscaping industry. But its roots have been shaken by forces beyond its control.
For the past three years, extreme weather in Southern California has withered its once-thriving operations, with losses outpacing profits from its other farms. At the same time, ballooning debt and seasonal cash flow struggles compounded the crisis, pushing the company to the brink.
TreeSap’s financial disclosures reveal a staggering $205.4 million in secured debt, alongside $24 million in unpaid trade obligations.
