Above food ingredients inc. provides update on subsidiary purely canada foods corp.

Regina, saskatchewan--(newsfile corp. - march 2, 2025) - above food ingredients inc. (nasdaq: abve) ("afii" or the "company"), a differentiated, regenerative ingredient company, announces that the royal bank of canada ("rbc") submitted an application for receivership for purely canada food corp. ("pcfc"), a subsidiary of above food ingredients inc. and four affiliated guarantor subsidiaries. pcfc has been operating in a limited capacity over the past six months as the entity has been working with the canadian grain commission to meet relicensing requirements.
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