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The latest update is out from Coho Collective Kitchens Inc ( (TSE:BRED) ).
Purebread Brands Inc. has announced that its subsidiary, Coho Acquisition Corp., has received a demand letter from the Bank of Montreal for immediate payment of over C$5 million owed under a previous agreement. The bank has also issued a Notice of Intention to Enforce Security under the Bankruptcy and Insolvency Act, which could lead to enforcement actions if the debt is not settled by October 14, 2025. The company is exploring options such as recapitalization or refinancing to address the debt and will provide updates as necessary.
More about Coho Collective Kitchens Inc
Purebread Brands Inc. is a prominent player in the fast-casual cafe and bakery industry in British Columbia, focusing on retail expansion across Canada and beyond. The company is dedicated to creating exceptional food experiences and positively impacting the communities it serves.
Average Trading Volume: 27,225
Technical Sentiment Signal: Sell
Find detailed analytics on BRED stock on TipRanks’ Stock Analysis page.