Above Food Ingredients Inc

Earnings data Q2 2024

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Above Food Ingredients, Inc. engages in operating its subsidiaries, Bite Acquisition Corp. (Bite) and Above Food Corp. (Above Food). The Bite is a blank check company that affects a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Above Food is an ingredient company that provides food products and brands. The company was founded by Lionel Kambeitz on April 18, 2023 and is headquartered in Regina, Canada.

Acquisition expands Above Food's pet food business to approximately US$110M of combined company revenues on a proforma basis

Above Food Strengthens its Pet Food Ingredient Platform with Recent Montana-Based Asset Acquisition

REGINA, Saskatchewan, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Above Food Ingredients Inc. ( Nasdaq: ABVE, ABVEW ) (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, today announced its plans to expand its market share across high-growth sectors, strengthen its North American footprint, and optimize production capabilities in connection with its recent announcement to acquire The Redwood Group, LLC (“TRG”) a Montana-based specialty crop food ingredient division (the “Assets”). The acquisition, which was initially announced on August 9, 2024, was completed for consideration of US$34 million plus working capital, subject to final closing adjustments.

Above Food's Recent Montana-Based Asset Acquisition Expands Access to High-Growth Pet Food Market and Strengthens Chickpea Market Presence

REGINA, Saskatchewan and MISSION, Kan. and CHESTER, Mont., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Above Food Ingredients Inc. ( Nasdaq: ABVE, ABVE.W ) (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, announces that it has entered into a definitive purchase agreement to acquire the Montana-based Specialty Crop Food Ingredient Division (“Assets”) of The Redwood Group, LLC (“TRG”), for consideration of US$34,000,000 plus working capital, subject to final closing adjustments. Upon the terms and subject to the conditions set forth in the purchase agreement, the consideration payable by the Company in exchange for the Assets will consist of US$8,100,000 in cash and 5,600,000 newly issued common shares of Above Food, subject to final closing adjustments and customary closing conditions.

Above Food Announces Strategic Acquisition of The Redwood Group, LLC's Specialty Crop Food Ingredients Division, Representing Significant U.S. Expansion

REGINA, Saskatchewan, July 19, 2024 (GLOBE NEWSWIRE) -- Above Food Corp. (“Above Food” or the “Company”) ( Nasdaq: ABVE, ABVE.W ), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, today announced it will hold a conference call to discuss business updates on Thursday, July 25, 2024 at 4:30 p.m. ET. Speaking on the call will be Lionel Kambeitz, Co-Founder, CEO and Executive Chairman, Jason Zhao, CFO, and Martin Williams, Co-Founder and Vice President.

Above Food Sets Business Update Conference Call for July 25, 2024

CALGARY, Alberta and NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Above Food Corp. (“Above Food”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, today announced that the common shares and warrants of Bite Acquisition Corp. (formerly NYSE AMERICAN: BITE) and Above Food respectively, are expected to begin trading today, July 1, under the combined company, Above Food Ingredients Inc., on the Nasdaq Stock Market (“Nasdaq”) under the ticker symbols “ABVE” and “ABVE.W”, respectively.

Above Food Begins Trading Today on Nasdaq Under Symbol “ABVE”

News for Above Food Ingredients Inc Stock (ABVE)