Group 1 - Above Food Ingredients Inc. (AFII) is facing a receivership application from the Royal Bank of Canada (RBC) for its subsidiary Purely Canada Food Corp. (PCFC) and four affiliated guarantor subsidiaries [1] - PCFC has been operating in a limited capacity for the past six months while working with the Canadian Grain Commission to meet relicensing requirements [1] - AFII and RBC have agreed to a two-week negotiation period to reach a forbearance agreement, with management optimistic about a resolution within this timeframe [1] Group 2 - AFII is a differentiated, regenerative ingredient company focused on delivering nutritious foods with transparency and sustainability [2] - The company's vision is to create a healthier world through its operations in primary agriculture and processing, emphasizing traceability in its supply chain [2]
Above Food Ingredients Inc. Provides Update on Subsidiary Purely Canada Foods Corp.