Above Food Ingredients (ABVE) has released an update.
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Above Food Ingredients Inc. subsidiary Purely Canada Foods Corp. is currently not participating in the Canadian Grain Producer Program due to non-renewal of bond coverage, seeking alternative insurance for program continuation. The company’s Canadian terminals remain operational, except for the suspension of grain purchases from select producers until new coverage is obtained, while still honoring existing contracts with commercial suppliers.
For further insights into ABVE stock, check out TipRanks’ Stock Analysis page.
