Colabor Group Inc. (TSE:GCL) has released an update.
Colabor Group Inc. has reported a mild downturn in its first quarter of 2024, with sales dipping 2.0% to $131.2 million and a net loss from continuing operations increasing to $1.8 million. Despite the decrease in sales and adjusted EBITDA, the company has improved its cash flow from operating activities to $11.7 million and reduced its net debt to $56.8 million. These financial movements come alongside strategic actions such as acquiring assets from Beaudry & Cadrin Inc. and revamping its credit facility.
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