Strong US Business Pipeline
The business opportunity in the US is valued at $704 million, with a total of $1 billion in active projects. These initiatives have a high probability of being realized, with expectations of significant revenue impact in 2025.
International Market Expansion
Progress in listings with a club store chain for the Asian market, signaling potential growth in international revenue streams.
Bakery Group Performance
The newer Origin bread facility in BC is performing well, contributing to organic growth in the Bakery Group.
Lobster Inventory Management
Despite a poor main fishery and high lobster prices, good inventory management allowed for margin improvements in the Premium Foods distribution group.
CapEx Reduction for 2025
Expected capital expenditures for 2025 are significantly reduced to $150-200 million, down from $350 million in 2024, indicating the end of a major capital investment cycle.