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Above Food Ingredients ( (ABVE) ) has issued an update.
On March 2, 2025, Above Food Ingredients Inc. announced that the Royal Bank of Canada filed for receivership of its subsidiary, Purely Canada Food Corp., which has been operating under limited capacity while working to meet relicensing requirements. The company and RBC have agreed to a two-week negotiation period to potentially reach a forbearance agreement, which could impact the company’s operational stability and stakeholder interests.
More about Above Food Ingredients
Above Food Ingredients Inc. is a differentiated, regenerative ingredient company focused on delivering nutritious and flavorful products with transparency. The company emphasizes sustainability and traceability in its operations, leveraging a robust chain of custody in plant proteins to serve businesses and consumers.
YTD Price Performance: -21.72%
Average Trading Volume: 347,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.96M
For an in-depth examination of ABVE stock, go to TipRanks’ Stock Analysis page.