Colabor Group Inc. Provides Corporate Update

Core Viewpoint - Colabor Group Inc. is currently facing challenges in securing satisfactory refinancing options and is exploring strategic alternatives to address its financial situation [1][3][4]. Financial Situation - The company extended its forbearance agreement with senior lenders and Investissement Québec until January 30, 2026, requiring maintenance of $1 million in liquidity and a minimum trailing twelve-month EBITDA [2]. - Colabor must provide non-binding letters of intent for refinancing and raise at least $15 million in equity by December 15, 2025, but it does not anticipate meeting these requirements [2][3]. Strategic Alternatives - The company is negotiating further amendments to the forbearance agreements to secure additional liquidity for short-term cash needs and to continue its strategic alternatives review [4]. - In the absence of successful strategic alternatives, Colabor's operations could be significantly impacted, and the company is considering seeking protection under creditor protection laws [5]. Business Overview - Colabor operates as a distributor and wholesaler of food products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [6].