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Colabor ( (TSE:GCL) ) has shared an announcement.
Colabor Group Inc. and several of its subsidiaries have applied to the Superior Court of Quebec for protection from creditors under the Companies’ Creditors Arrangement Act, initiating a formal sale and investment solicitation process to explore potential transactions for the businesses and their assets. The application seeks a stay of proceedings, debtor-in-possession financing from major Canadian banks to fund operations during restructuring, and the appointment of Raymond Chabot Inc. as monitor, while trading in Colabor’s shares has been halted and the Toronto Stock Exchange has placed the company under expedited delisting review, highlighting the severity of its financing challenges after failing to secure required refinancing and equity commitments in 2025.
The most recent analyst rating on (TSE:GCL) stock is a Sell with a C$0.04 price target. To see the full list of analyst forecasts on Colabor stock, see the TSE:GCL Stock Forecast page.
Spark’s Take on TSE:GCL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GCL is a Underperform.
The score is driven primarily by sharply deteriorating financial performance (losses, margin compression, and substantially higher leverage) and very weak technicals (deep downtrend with negative MACD). Valuation signals are not supportive due to negative earnings, and a recent negative refinancing/liquidity corporate event adds further downside risk.
To see Spark’s full report on TSE:GCL stock, click here.
More about Colabor
Colabor Group Inc. is a Quebec-based distributor and wholesaler of food and related products, serving hotel, restaurant and institutional (HRI) customers in Quebec and the Atlantic provinces, as well as the retail market. Through its two main operating activities, the company supplies specialty food items including meat, fish and seafood, alongside a broadline offering of food and related products.
Average Trading Volume: 675,001
Technical Sentiment Signal: Sell
Current Market Cap: C$4.08M
Find detailed analytics on GCL stock on TipRanks’ Stock Analysis page.