Specialty candy retailer Sugarfina, Inc. has filed for Chapter 11 bankruptcy in Delaware, citing shifts in the retail sector, uncertainty in its international partnerships and difficulty in controlling margins as reasons for not being profitable.

In a group of documents filed Sept. 6, Lance Miller, the company’s chief restructuring officer, wrote the California-based company had raised $60 million from investors by early 2018. However, projections revealed the company would need to raise more capital.