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Above Food Ingredients (ABVE) Raises FY2026 Profit Outlook Above $40M
Yahoo Finance· 2026-01-08 19:00
Core Insights - Above Food Ingredients Inc. (NASDAQ:ABVE) has raised its profit guidance for FY2026 to over $40 million from the previous estimate of $30 million, attributing this to improved operations from restructuring [1][2] - The company is facing delays in its FY2025 audit due to team illnesses and the holiday season, leading to a request for a 180-day extension from NASDAQ for its Form 20-F filing [2][3] - The company has eliminated all corporate debt and appointed a new auditor with expertise in digital asset tokenization and stablecoin infrastructure [3] Company Overview - Above Food Ingredients Inc. is a vertically integrated plant-based food company that develops, manufactures, and distributes sustainable ingredients and consumer products [4] - Its operations encompass regenerative agriculture, seed genetics, ingredient processing, and branded consumer goods [4]