SAINT-BRUNO-DE-MONTARVILLE, Quebec, May 08, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) held its annual meeting of shareholders (the “Meeting”) on May 8, 2025. A total of 61,043,516 common shares representing 59.84% of the issued and outstanding shares of the Corporation were represented in person and by proxy at the Meeting. At this Meeting, the following resolutions were approved: Election of Directors The eight candidates proposed as Directors were duly elected ...

Financial Performance - Sales from continuing operations for Q1 2025 were $131.7 million, a slight increase of 0.4% compared to $131.2 million in Q1 2024 [3][7] - Adjusted EBITDA decreased to $2.3 million, representing a margin of 1.7%, down from $4.9 million and a margin of 3.7% in the same period last year [3][9] - The net loss from continuing operations was $4.0 million, compared to a loss of $1.8 million in Q1 2024 [3][10] - Cash flow from operating activities decreased to $6.2 million from $11.7 million in the prior year [3][11] Financial Position - As of March 22, 2025, net debt was reduced to $47.1 million from $47.8 million at the end of 2024 [3][12] - The financial leverage ratio increased to 2.8x from 2.4x [3][4] - Working capital decreased to $45.8 million from $50.3 million at the end of the previous fiscal year, attributed to seasonal effects [11][12] Market Dynamics - The growth in purchasing volume with distribution clients is helping the company gain market share despite a slowdown in the restaurant industry [5] - The renewal of a supply agreement with an institutional client at lower margins than in 2024 is impacting financial performance [8][9] - Wholesale activities sales decreased by 3.8%, primarily due to the slowdown in the restaurant industry [8] Strategic Initiatives - The company announced an agreement to acquire the food distribution assets of Alimplus Inc. and its subsidiary Tout-Prêt Inc. for $51.5 million, pending closing conditions [7] - Management is focusing on sound financial management and aims to improve product and customer mix to mitigate the impact of lower-margin contracts [13]

SAINT-BRUNO-DE-MONTARVILLE, Quebec, April 30, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) confirms that it will hold its Annual Meeting of Shareholders (the “Meeting”) on Thursday, May 8, 2025, at 2:00 p.m. (Eastern Daylight Time). The Company will hold a virtual-only Meeting available online and in real time. All Shareholders will have an equal opportunity to participate to the online Meeting, regardless of their physical location. Shareholders can also vote by submi ...

A live broadcast of the conference call will be available on the Company's website, in the Investors section under Events and presentations. To participate (professional investment community only) or to listen to the live conference call: SAINT-BRUNO-DE-MONTARVILLE, Quebec, April 28, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Company") will release its results for the first quarter ended March 22, 2025, after market close on Thursday, May 1, 2025. A conference call to discuss ...