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Above Food and Palm Global Execute Definitive Agreement
Above Food and Palm Global Execute Definitive Agreement

Associated Press

time07-07-2025

  • Business
  • Associated Press

Above Food and Palm Global Execute Definitive Agreement

His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum of the Dubai Royal Family Appointed to Board Of Directors Merger Adds Billions of Dollars in Gold-Based Assets to Above Food's Balance Sheet, Positioning the Company as a Global Leader in the Issuance of Stablecoins and Asset Tokenisation with Considerable Recurring Revenues Regina, Saskatchewan--(Newsfile Corp. - July 7, 2025) - Above Food Ingredients Inc. (Nasdaq: ABVE) ('Above Food') is pleased to announce that it has executed a definitive business combination agreement ('Merger Agreement') with Palm Global Technologies Ltd. ('Palm Global') effective July [7], 2025. Under this agreement, Above Food and Palm Global will combine (the 'Merger') through a statutory plan of arrangement in Above Food's domestic jurisdiction. The proposed transaction has received unanimous approval from the boards of directors of both Above Food and Palm Global. The reverse takeover merger is poised to transform Above Food, adding Palm Global's 30% stake in the Palm Promax Investments ('PPI') joint venture onto its balance sheet. This includes Palm Global's share of PPI's $350 billion valuation of U.S. situated gold-based assets. Under the terms of the Merger, Above Food will acquire Palm Global, with the latter's shareholders receiving a total of 1.1 billion shares in Above Food in exchange for their existing holding. Through this Merger, Above Food is positioned to become a market leader in the tokenization of real-world assets and the issuance of stablecoins, underpinned by its unequalled access to over $1.5 trillion of diverse AA- and AAA-rated sovereign-owned assets via its joint venture partner, Promax United. Amid the recent global focus toward establishing stablecoin standards, underscored by the passage of the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act in the U.S. Senate, alongside corresponding legislation such as MiCA (Markets in Cryptocurrency Act) in the EU, draft regulations in the UK, and the Stablecoins Ordinance Regime in Hong Kong, PPI is positioned to emerge as a global leader in both the issuance of stablecoins and the establishment of central bank digital currency frameworks for developing nations, with over 15 sovereign partners already committed to the initiative. Transaction Benefits to Above Food Board of Directors and Leadership Upon the completion of the merger, three additional directors will join the board of the combined company: The senior executive team of the combined company will reflect the significant talent and experience from both organizations. Executive Comments Lionel Kambeitz, Executive Chairman of Above Food, stated: 'The merger with Palm is a seismic shift for our Company - it is a defining moment that reshapes our future. With the expected addition of over $100 billion in gold-backed assets, our balance sheet will be significantly strengthened. Beyond this financial uplift, our operational footprint will expand dramatically - driven by the integration of a world-leading stablecoin and real-world asset tokenization venture, a scalable AI-powered blockchain technology stack, and a robust super-app platform spanning agritech, fintech, and edtech. Coupled with a mission-driven food and agritech division focused on addressing global food security, this transformation marks a new era of growth and innovation for our Company. The enlarged group addresses a vast global market with near-boundless earnings potential, reinforcing my tremendous optimism for our share performance and long-term shareholder value.' Muayad Kafesha, CEO of Palm Global, commented: 'I am incredibly proud of Palm Global's extraordinary achievements and the lightning-fast momentum we've built in just the first half of the year. This merger marks a pivotal milestone - unlocking the many strategic advantages of being a Nasdaq-listed company as we accelerate our growth trajectory and amplify our global impact at scale. Our unparalleled integration of cutting-edge AI and blockchain technology - combined with strategic partnerships across some of the world's most influential and far-reaching institutions-places us in a truly unique position. Through our relationships with the likes of the United Nations, the Vatican, Promax United Investments LLC, and an extensive network of government bodies and NGOs across South America, Central America, Africa, and Asia, we are exceptionally well-placed to drive meaningful, global-scale impact across the markets in which we operate. We are honored to welcome His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum to the Board. His Highness brings exceptional leadership, global influence, and a distinguished reputation that has already made a profound impact on the Company - unlocking high-value opportunities with the potential to generate substantial revenues. As we continue to build a world-class Board, we remain committed to welcoming additional industry leaders and distinguished figures from the world's most prestigious institutions, each bringing the expertise and perspective needed to deliver our bold and ambitious vision.' Peter Knez, Chairman of Palm Global, commented: 'Our merger with Nasdaq-listed Above Food enables Palm Global and our Palm Promax joint venture to realize their ambition of becoming the world's leading providers of tokenized asset-backed fixed-income funds, stablecoins, and investment platforms. With access to trillions in real-world assets and the combined force of scalable AI and blockchain technologies, we are uniquely positioned to lead one of the most dynamic and valuable markets of the future. Years ago, I stood at the forefront of the ETF revolution at Barclays and BlackRock, helping shape what has become a $14 trillion industry. Today, at Palm, we are on the brink of an even greater financial evolution. We are poised to introduce a groundbreaking portfolio of products that is set not only to surpass ETFs but redefine the global investment landscape with our tokenized, real-world asset-backed funds, products, and stablecoins. It is with immense pride that we welcome His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum to our Board of Directors. This appointment represents a significant strategic milestone, underscoring the Company's alignment with globally respected leadership and a shared vision for innovation, sustainability, and long-term value creation. His Highness brings exceptional international stature, influence, and a strong commitment to transformative impact - qualities that will play a critical role in advancing the Company's objectives across key markets, including the Middle East, Africa, and Asia. Under His Highness's guidance, we are not merely building a financial ecosystem, we are forging a legacy that will redefine the future of global finance, technology, and purpose-driven enterprise. Together, these strategic advancements form the foundation of a truly global, future-ready financial ecosystem. As we move forward, Above Food is uniquely positioned to not only reshape capital markets and reimagine asset management through digital finance, but also to emerge as a leading force in agritech, food innovation, and edtech - delivering enduring value for our stakeholders and driving transformative impact across industries worldwide.' Listing and Compliance It is anticipated that the combined company's shares will trade on The Nasdaq Capital Market (the 'Nasdaq'), subject to all necessary Nasdaq listing approvals. In connection with the Merger and the issuance of Above Food shares, Above Food intends to file a registration statement with the United States Securities and Exchange Commission (the 'Registration Statement') and a long form prospectus with securities regulators in Canada (the 'Canadian Prospectus'). As part of the share exchange process related to the Merger, Above Food will provide information about Above Food's securities offering to Palm Global shareholders. About Above Food Ingredients Inc. Above Food Ingredients Inc. (Nasdaq: ABVE ) is an ingredient company that delivers products made with real, nutritious, flavorful ingredients produced with transparency. Above Food's vision is to create a healthier world - one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence-driven genomics and agronomy, Above Food delivers nutritious ingredients to businesses and consumers with traceability and sustainability. Cautionary Statement Regarding Forward-Looking Statements This press release may contain 'forward-looking information' within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'could,' 'will be,' will continue,' and similar expressions. Forward-looking statements represent current judgments about possible future events, including, but not limited to statements regarding expectations or forecasts of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs relating to the proposed transaction between Above Food and Palm Global, such as statements regarding the combined operations and prospects of Above Food and Palm Global, the current and projected market, growth opportunities and synergies for the combined company, the expected composition of the management and board of directors of the combined company, the expected trading of the combined company on the Nasdaq, the filing and approval of the Registration Statement and the Prospectus, and the timing and completion of the proposed transaction, including the satisfaction or waiver of all the required conditions thereto. Factors that could cause actual events to differ include, but are not limited to: Forward-looking statements are based on the current expectations of Above Food's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider all of the risks and uncertainties described in the documents filed by Above Food with the United States Securities and Exchange Commission ('SEC'), which is available on EDGAR at There may be additional risks that Above Food presently does not know or that Above Food currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Above Food's expectations, plans or forecasts of future events and views as of the date of this communication. Above Food anticipates that subsequent events and developments will cause Above Food's assessments to change. However, while Above Food may elect to update these forward-looking statements in the future, Above Food specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Above Food's assessments as of any date subsequent to the date of this communication. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. It is possible that the Merger may not occur on the terms provided herein or in the Merger Agreement, on the expected timing or at all. In the event that the Merger is terminated Above Food may be liable to pay a termination fee to Palm Global, subject to the precise terms of the Merger Agreement. Additional Information and Where to Find It: INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be able to obtain free copies of the documents filed with the SEC by Above Food through the website maintained by the SEC at Copies of the documents filed with the SEC by Above Food are also be available free of charge on Above Food's website at or by contacting Above Food's Investor Relations Department at 2305 Victoria Ave #001, Regina, Saskatchewan, Canada, S4P 0S7. Contacts Media: [email protected] Investors: [email protected] To view the source version of this press release, please visit

Above Food meets Nasdaq compliance requirements
Above Food meets Nasdaq compliance requirements

Business Insider

time07-06-2025

  • Business
  • Business Insider

Above Food meets Nasdaq compliance requirements

Above Food (ABVE) Ingredients acknowledged receipt of a formal notification from The Nasdaq Stock Market LLC regarding non-compliance with Listing Rule 5450(b)(3)(C), regarding minimum market value of publicly held shares. The company said it is very pleased that this condition has been met as of May 27, 2025. Confident Investing Starts Here: Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently
Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently

Associated Press

time30-04-2025

  • Business
  • Associated Press

Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently

Regina, Saskatchewan--(Newsfile Corp. - April 30, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ('Above Food') today announced that it has reached agreement on essential terms and conditions for its proposed merger with Palm Global Technologies Ltd. ('Palm Global'), advancing the transformative acquisition first announced on February 6, 2025. The executive management team of Above Food has completed its comprehensive review of the proposed merger terms and structure, expressing strong support for this transformative combination. The Company's Board of Directors has received the management team's endorsement and is advancing the necessary corporate and regulatory approvals to facilitate the completion of definitive documentation. The Above Food executive management team travelled to the Emirates this week to conclude final diligence. Additionally, our leadership team attended a number of groundbreaking milestone events that further demonstrated the success that Palm Global is achieving on its global initiatives. 'This milestone solidifies the strong alignment between our organizations on both the vision and structure of this revolutionary merger,' commented Lionel Kambeitz, Founder and CEO of Above Food. 'Our management team strongly supports this combination with Palm Global, which we believe will create substantial value for our shareholders while accelerating our mission of building a more sustainable and inclusive global food system. Palm Global's revolutionary FinTech platform, built on proprietary AI, blockchain, and decentralized finance technologies, and impressive roster of global partnerships, creates an unprecedented go-to-market platform to transform global agriculture. The events we attended in person and the associated announcements expected over the coming days from Palm Global further solidifies our belief that this transaction will significantly enhance shareholder value. We will ensure our shareholders are updated on a timely basis on the exciting progress as they are announced by ourselves or Palm Global.' About Above Food Ingredients Inc. Above Food Ingredients Inc. (NASDAQ: ABVE) is an ingredient company that delivers products made with real, nutritious, flavorful ingredients produced with transparency. The Company's vision is to create a healthier world – one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence-driven genomics and agronomy, the Company delivers nutritious foods to businesses and consumers with traceability and sustainability. About Palm Global Palm Global is a next-generation innovator in financial inclusion, agri-tech, and sustainability, operating out of San Francisco, Dubai, Hong Kong, and Singapore. Utilizing AI, blockchain, and decentralized finance (DeFi) technologies. Palm Global delivers scalable solutions that drive economic empowerment and financial access for millions of farmers across Africa, Southeast Asia, and the Americas. By facilitating access to credit, insurance, and advanced agricultural technologies, through its platforms and super-apps, Palm Global supports sustainable growth and food security at scale. Through strategic partnerships with governments, global institutions, and NGOs, Palm Global is accelerating the adoption of digital solutions that transform global agriculture and strengthen financial resilience in underserved markets. The Palm Global website is available at Cautionary Statement Regarding Forward-Looking Statements This press release may contain 'forward-looking information' within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'could,' 'will be,' will continue,' and similar expressions and include, without limitation, statements about the ability of or expectations regarding the future performance of our business and operations. Forward-looking statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider all of the risks and uncertainties described in the documents filed by the Company with the United States Securities and Exchange Commission, which is available on EDGAR at There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide the Company's expectations, plans or forecasts of future events and views as of the date of this communication. The Company anticipates that subsequent events and developments will cause the Company's assessments to change. However, while the Company may elect to update these forward-looking statements in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Additional Information and Where to Find It: INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be able to obtain free copies of the documents filed with the SEC by Above Food through the website maintained by the SEC at Copies of the documents filed with the SEC by Above Food are also be available free of charge on Above Food's website at or by contacting Above Food's Investor Relations Department at 2305 Victoria Ave #001, Regina, Saskatchewan, Canada, S4P 0S7. Contacts Media: [email protected] Investors: [email protected] To view the source version of this press release, please visit

Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently
Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently

Yahoo

time30-04-2025

  • Business
  • Yahoo

Above Food Ingredients Inc. and Palm Global Technologies Advance Strategic Merger with Definitive Agreements Expected to be Signed Imminently

Regina, Saskatchewan--(Newsfile Corp. - April 30, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food") today announced that it has reached agreement on essential terms and conditions for its proposed merger with Palm Global Technologies Ltd. ("Palm Global"), advancing the transformative acquisition first announced on February 6, 2025. The executive management team of Above Food has completed its comprehensive review of the proposed merger terms and structure, expressing strong support for this transformative combination. The Company's Board of Directors has received the management team's endorsement and is advancing the necessary corporate and regulatory approvals to facilitate the completion of definitive documentation. The Above Food executive management team travelled to the Emirates this week to conclude final diligence. Additionally, our leadership team attended a number of groundbreaking milestone events that further demonstrated the success that Palm Global is achieving on its global initiatives. "This milestone solidifies the strong alignment between our organizations on both the vision and structure of this revolutionary merger," commented Lionel Kambeitz, Founder and CEO of Above Food. "Our management team strongly supports this combination with Palm Global, which we believe will create substantial value for our shareholders while accelerating our mission of building a more sustainable and inclusive global food system. Palm Global's revolutionary FinTech platform, built on proprietary AI, blockchain, and decentralized finance technologies, and impressive roster of global partnerships, creates an unprecedented go-to-market platform to transform global agriculture. The events we attended in person and the associated announcements expected over the coming days from Palm Global further solidifies our belief that this transaction will significantly enhance shareholder value. We will ensure our shareholders are updated on a timely basis on the exciting progress as they are announced by ourselves or Palm Global." About Above Food Ingredients Inc. Above Food Ingredients Inc. (NASDAQ: ABVE) is an ingredient company that delivers products made with real, nutritious, flavorful ingredients produced with transparency. The Company's vision is to create a healthier world – one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence-driven genomics and agronomy, the Company delivers nutritious foods to businesses and consumers with traceability and sustainability. About Palm Global Palm Global is a next-generation innovator in financial inclusion, agri-tech, and sustainability, operating out of San Francisco, Dubai, Hong Kong, and Singapore. Utilizing AI, blockchain, and decentralized finance (DeFi) technologies. Palm Global delivers scalable solutions that drive economic empowerment and financial access for millions of farmers across Africa, Southeast Asia, and the Americas. By facilitating access to credit, insurance, and advanced agricultural technologies, through its platforms and super-apps, Palm Global supports sustainable growth and food security at scale. Through strategic partnerships with governments, global institutions, and NGOs, Palm Global is accelerating the adoption of digital solutions that transform global agriculture and strengthen financial resilience in underserved markets. The Palm Global website is available at Cautionary Statement Regarding Forward-Looking Statements This press release may contain "forward-looking information" within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," future," "opportunity," "plan," "may," "should," "will," "could," "will be," will continue," and similar expressions and include, without limitation, statements about the ability of or expectations regarding the future performance of our business and operations. Forward-looking statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider all of the risks and uncertainties described in the documents filed by the Company with the United States Securities and Exchange Commission, which is available on EDGAR at There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide the Company's expectations, plans or forecasts of future events and views as of the date of this communication. The Company anticipates that subsequent events and developments will cause the Company's assessments to change. However, while the Company may elect to update these forward-looking statements in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Additional Information and Where to Find It: INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be able to obtain free copies of the documents filed with the SEC by Above Food through the website maintained by the SEC at Copies of the documents filed with the SEC by Above Food are also be available free of charge on Above Food's website at or by contacting Above Food's Investor Relations Department at 2305 Victoria Ave #001, Regina, Saskatchewan, Canada, S4P 0S7. Contacts Media:media@ Investors:investors@ To view the source version of this press release, please visit Sign in to access your portfolio

Atlantic Natural Foods files Chapter 11 bankruptcy petition in New Orleans
Atlantic Natural Foods files Chapter 11 bankruptcy petition in New Orleans

Yahoo

time23-04-2025

  • Business
  • Yahoo

Atlantic Natural Foods files Chapter 11 bankruptcy petition in New Orleans

Plant-based business Atlantic Natural Foods has filed for Chapter 11 bankruptcy proceedings in the US. The Loma Linda ready meals and Tuno tuna alternatives owner initiated bankruptcy protection proceedings in the Louisiana Eastern Bankruptcy Court on 7 April, an official filing shows. New Orleans, Louisiana-headquartered Atlantic Natural Foods has reported assets of $10-50m and liabilities of between $1-10m, according to the filing, which added that the company has 100 to 199 creditors. Fishman Haygood, the New Orleans-based firm appointed to oversee the legal process, had not responded to Just Food's request for more details on the proceedings at the time of writing. A spokesperson for Atlantic Natural Foods declined to share any more information but said the company would 'continue to service customers and consumers as we build up to our new restructured planned outcome'. The court document states Atlantic Natural Foods is owned by ANF Hold Co. and the US division of plant-based peer Above Food. But, late last year, Atlantic Natural Foods revealed it had ended a relationship with Canada-headquartered Above Food and planned to return to private ownership. Nevertheless, the two businesses said in December they would still maintain ties, with Atlantic Natural Foods retaining shares in Above Food, which was also 'retaining interest' in Atlantic Natural Foods. Atlantic Natural Foods entered into a 'partnership' agreement with Above Food in late 2021, described at the time by the Canadian company as a 'binding transaction agreement'. Financial details were not disclosed. Then in May 2023, Above Food said it was set to buy Atlantic Natural Foods as part of its IPO plans and a targeted listing on the Nasdaq stock exchange. Atlantic Natural Foods chairman Douglas Hines said at the time: 'In 2021, Above Food acquired a minority interest, increased it in 2022; today they [Above Food] retain a minority interest. Agreement was finalised that Atlantic Natural Foods will roll the balance of their shares into the IPO and Above Food will have the controlling shares.' Announcing the end of the relationship in December, Atlantic Natural Foods said the 'decision reflects a strategic realignment following a comprehensive evaluation of the evolving business landscape', citing factors such as the Covid-19 pandemic, supply chain disruptions and food inflation. Hines commented: 'Operating in the industry's ever-changing landscape has not been without its challenges, but we remain steadfast in our commitment to resetting the standards for the years ahead. We are drawing on tried-and-true food preparation and supply methods that have withstood the test of time to meet the needs of our global consumers.' Above Food, which supplies plant-based meat, dairy and baby-food products, made its Nasdaq debut in the summer of last year through a merger with a SPAC vehicle. Co-founder, president and CEO Lionel Kambeitz told Just Food in August that the company was pushing the private label part of the business. It focuses on plant-based finished goods for retail and foodservice, along with food ingredients such as seeds, grains and pulses. Last year, Above Food extended its acquisition spree with a deal for Spain's Brotalia, a maker of plant-based chicken, seafood, burgers and meatballs. Building on the ANF transaction in 2023, the Canadian company also acquired Only Oats and Culcherd. NorQuin was added to the stable of brands in 2022. "Atlantic Natural Foods files Chapter 11 bankruptcy petition in New Orleans" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

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