March 8, 2022
As of Tuesday August 23rd 2022 Float Now has been repossessed by our financial institutions & we no longer have access to the facilities to host or honor Floats or Float Credits.
Our text messaging no longer works, and our phones will be disconnected shortly. We will be checking emails on a weekly basis until October 1st at which point our emails will no longer be active.
Thank you for the years of support.
Nearly 40% Cancellations for the month of January and February, and 50% cancellation in memberships over the course of the months of January – May (with financial difficulty being cited as the reason for cancellation), we have unfortunately reached position of default.
As we were losing between $10,000 – $20,000 a month and unable to make our loan payments, we have unfortunately no other option than to surrender our assets to our creditors, declare bankruptcy, and close our doors.
We have the same bitter news with the addition of some sweet news. Just like Regina we have no other option but to forfeit our assets and close our doors for the same reasons (the only difference being our Saskatoon landlords being helpful, kind, and understanding people who helped us every step of the way).
However, a group of good people have purchased Float Now’s Facilities from the bank and intend to operate it. They are intending on opening in October.
Thank you for standing by us all of these years. Floating changed the lives of many people, and It is my wish that access to floating shall continue in Saskatchewan.