Ideal Protein (IP) files for bankruptcy in Canada
diet industry
Ideal Protein

Ideal Protein (IP) files for bankruptcy in Canada


The weight loss industry is currently facing a significant upheaval, with Ideal Protein (IP) at the epicenter. If you've been relying on IP products, you're likely concerned about the company's recent financial struggles. This blog post aims to provide an in-depth look at the Ideal Protein crisis and introduce you to cost-effective Ideal Protein Alternatives available at The Protein Store.

The Financial Crisis of Ideal Protein: By the Numbers

Ideal Protein, based in Canada, has recently applied for protection under the Creditors Arrangement Act. The company is part of an insolvent holding group that also includes Laboratoires C.O.P. Inc., 9327-6269 Quebec Inc., Ideal Protein of America, Inc., and Pharmalab Inc. The initial order for this case was filed on August 15, 2023, under Court File Number 200-11-028737-230.

The Impact on Ideal Protein Products

The closure of the Pharmalab factory has led to a shortage of IP products, including Maple Brown Sugar Oatmeal, Chocolate Chip Pancakes, and Chocolate Shakes, leaving customers in search of alternatives.

The Protein Store: Your Ideal Protein Alternative

At The Protein Store, we offer a wide range of products that can serve as Ideal Protein Alternatives, but at nearly half the price. Not only do we provide cost-effective options, but we also offer a variety of other healthy products.

Maple Brown Sugar Oatmeal

Our Maple Brown Sugar Oatmeal is a delicious and affordable alternative.

Chocolate Chip Pancakes

Try our Chocolate Chip Pancakes as a cost-effective and equally tasty substitute for IP's Chocolate Chip Pancakes.

Chocolate Shakes

Our Chocolate Ready to Drink Shakes offers the same great taste at a fraction of the cost.

Why Choose The Protein Store?

  1. Affordability: Our products are nearly half the price of Ideal Protein's offerings.
  2. Variety: In addition to Ideal Protein Alternatives, we offer other healthy products to support your weight loss journey.
  3. Quality: We are committed to providing high-quality products that meet your nutritional needs.


The upheaval in the weight loss world, particularly the financial crisis faced by Ideal Protein, has left many customers in a state of uncertainty. However, The Protein Store offers a range of affordable and high-quality Ideal Protein Alternatives to help you continue your weight loss journey without breaking the bank.

For more details on the Ideal Protein proceedings, you can visit the Monitor's web page.



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