Streetbeat News

ABVE

Above Food Ingredients Inc.

Open

0.53

Mkt cap

15M

Volume

39K

High

0.54

P/E Ratio

-0.37

52-wk high

4.07

Low

0.51

Div yield

N/A

52-wk low

0.34

Above Food Ingredients' stock is trading lower following the announcement of its acquisition of TRG's specialty crop food ingredient division.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:52 pm

Above Food has expanded its pet food business to $110 million in revenue by acquiring TRG's Specialty Crop Food Ingredient Division. This acquisition strengthens its position in the $26 billion global plant-based pet food market, allowing for rapid response to the growing demand for sustainable pet nutrition through vertical integration.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:48 pm

Above Food Ingredients' subsidiary, Discovery Seed Labs, in collaboration with BASF Canada, has developed a molecular assay to detect Group 11 resistance in anthracnose disease affecting lentil crops. This innovation is crucial for lentil growers, especially in Saskatchewan, where resistance is widespread.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:54 pm

Above Food Ingredients shares are trading higher following the company's announcement of acquiring Specialty Crop Food for $34 million.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:47 pm

Above Food has acquired The Redwood Group's Specialty Crop Food Ingredient Division for $34 million. This acquisition adds a profitable operator with $164 million in revenue for FY 2023, expanding Above Food's U.S. footprint and enhancing its 'Seed-to-Fork' value chain.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:31 pm

Above Food reported FY24 revenue of $273M, down from $293M YoY. The company had a net loss of $39.5M, higher than the $33.7M loss in FY23. Gross profit was negative $4.4M, and adjusted gross profit was negative $1.2M. The company has $50M in gross debt and $0.7M in cash as of January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:40 pm

Above Food Ingredients Inc. (NASDAQ: ABVE) announced a combination of strategic transactions expected to provide approximately $16.7 million of incremental capital to fund future growth and improve net leverage. The company will host a conference call and webcast to discuss the update.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:40 pm

Above Food Corp. has begun trading on the Nasdaq under the ticker symbols 'ABVE' and 'ABVE.W' following its merger with Bite Acquisition Corp. (NYSE:BITE).

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:39 pm

Above Food Corp. and Bite Acquisition Corp. have completed their business combination. Above Food's common shares and warrants will begin trading on Nasdaq under the ticker symbols 'ABVE' and 'ABVE.W' on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:10 pm

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