Organic Meadow has been granted an extension to its creditor protection.
The organic dairy now has until June 16th to file a creditor proposal.
It originally filed for creditor protection in early April.
A spokesperson says the extension will allow the organisation to put forth a viable proposal and maximise value for all stakeholders.
She adds the co-operative thanks their suppliers, customers and partners for their continued support.
The Organic Meadow Co-Operative has over 100 family farm members.