Popular yoga studio in Mississauga permanently closing due to COVID-19
After being closed for over four months due to the COVID-19 pandemic, a well-known yoga studio at Square One has announced that it is closing for good.
Modo Yoga (formerly Moksha Yoga) permanently closed its doors earlier this week as the studio struggles with financial debt.
“After 120 days of our studio doors being closed at the mercy of this global pandemic, it is with deep, deep sorrow that we announce as of today, Tuesday, July 14, 2020, Modo Yoga Square One will remain permanently closed as our business faces insolvency,” said studio directors Sabrina and Maria Marcantonio.
“What we thought would be a short-term closure of our studio due to COVID-19 has turned into our doors being closed for the duration of four months -- and still counting.”
The Marcantonios say their small business has exhausted its ability to sustain continued expenses while also dealing with a dramatic loss in revenue.
They extended their thanks to the Modo Yoga members who continued to pay for their memberships while the studio was closed.
“We wish that we were in a position to reimburse each of you and those in our community with memberships and class cards on account, however, we are not in a financial position to do so,” they said.
The studio offered various classes focusing on reflection and community building, including Moksha Music (a series paired with live music) and community classes taught by novice instructors.
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