Above Food Strengthens its Pet Food Ingredient Platform with Recent Montana-Based Asset AcquisitionAcquisition expands Above Food's pet food business to approximately US$110M of combined company revenues on a proforma basis
Above Food Ingredients’ subsidiary, Discovery Seed Labs, in Collaboration with BASF Canada, Develops Solution for Testing Disease Resistance in LentilsREGINA, Saskatchewan, Aug. 20, 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, is pleased to announce that its subsidiary, Discovery Seed Labs, a company with unmatched expertise in seed testing, in collaboration with BASF Canada Inc. (“BASF”), has successfully developed a quantitative molecular assay to detect Group 11 resistance in anthracnose disease affecting lentil crops.
Above Food's Recent Montana-Based Asset Acquisition Expands Access to High-Growth Pet Food Market and Strengthens Chickpea Market PresenceREGINA, 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 to Participate in the 44th Annual Canaccord Genuity Growth ConferenceREGINA, Saskatchewan, Aug. 12, 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, is pleased to announce it will be participating in the 44th Annual Canaccord Genuity Growth Conference taking place at the InterContinental Hotel in Boston, Massachusetts on August 13th and August 14th, 2024.
Above Food Announces Strategic Acquisition of The Redwood Group, LLC’s Specialty Crop Food Ingredients Division, Representing Significant U.S. ExpansionREGINA, 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 Provides Business UpdateCombination of strategic transactions expected to provide approximately US$16.7 million of incremental capital to fund future growth and to improve net leverage
Above Food Sets Business Update Conference Call for July 25, 2024REGINA, 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 Begins Trading Today on Nasdaq Under Symbol “ABVE”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 and Bite Acquisition Corp. Announce Completion of Business CombinationAbove Food common shares and warrants expected to begin trading on Nasdaq on July 1, 2024 under ticker symbols “ABVE” and “ABVE.W”, respectively
Above Food Corp., a Vertically Integrated Specialty Ingredients and Food Company, to List on NYSE Through Business Combination with Bite Acquisition Corp.
Above Food Corp. (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, and Bite Acquisition Corp. (NYSE AMERICAN: BITE) (“Bite”), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement, which values the Company at a pro forma enterprise value of approximately US$319 million. Upon closing of the proposed transaction, Above Food will become a public company and is expected to be listed on the NYSE under the new ticker symbol "ABVE”.
