ABVE

Regina, Saskatchewan--(Newsfile Corp. - March 27, 2026) - Above Food Ingredients Inc. (Nasdaq: ABVE) ("Above Food" or the "Company") today provided an update on the audit of its consolidated financial statements for the fiscal year ended January 31, 2025 ("Fiscal 2025") and the Company's related annual report on Form 20-F (the "Form 20-F"). The Company confirms that the audit process has been substantively completed and that the Form 20-F has been prepared and is ready to be filed with the U.S. Securities and Exchange Commission ("SEC"), subject only to certain required third-party confirmations and final review procedures. Although the Company had expected to receive these confirmations by now, their substance has already been communicated and what remains is for the professionals involved to finalize the form of those confirmations, which is expected to be resolved swiftly. As previously disclosed, shortly after Fiscal 2025 the Company completed the restructuring and disposal of a material subsidiary that is now under receivership (the "Disposed Subsidiary"). The outstanding confirmation relates to the court-appointed receiver of the Disposed Subsidiary and is required in connection with verification of the related disclosures in the Form 20-F. Upon receipt of this confirmation in an acceptable form, the Company intends to promptly proceed with the completion and filing of the Form 20-F with the SEC. The Company remains well within the filing extension period that the Nasdaq Hearings Panel has discretion to approve and continues to keep all key stakeholders apprised of its progress. Following the filing of the Form 20-F, the Company expects to file its 2026 interim financial statements within the subsequent days and then move swiftly to complete its impending corporate transactions. Lionel Kambeitz, Chief Executive Officer and Executive Chairman of Above Food, commented: "Our team and advisors have worked relentlessly to bring this audit process to the point of substantive completion, and we are now fully focused on resolving the final procedural items. We are deeply grateful for the patience and support of our shareholders, partners, and other stakeholders as we complete this last step in addressing the audit complexities arising from our historical restructuring. Once our Form 20-F and interim financial statements are filed, thereby enabling the Company...

Regina, Saskatchewan--(Newsfile Corp. - January 7, 2026) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food" or the "Company") is pleased to confirm that it expects to report its audited financial results for the fiscal year ended January 31, 2025 before the end of January 2026, thereby satisfying all applicable Nasdaq reporting requirements and paving the way for the next phase of the Company's transformative merger with Palm Global. This timing follows the Company's update of December 12, 2025 and reflects the additional technical procedures required to fully capture - and audit - the substantial value created through the Company's comprehensive restructuring initiatives. Above Food reiterates that a significant portion of the audit work has already been completed. Furthermore, there are no known audit issues, no disagreements with its auditors, and no matters of contention that could impede completion. The timing of the filing is solely attributable to the scale and complexity of the work undertaken. The Company confirms that it has received the customary Staff Determination Letter from The Nasdaq Stock Market LLC ("Nasdaq") regarding Listing Rule 5250(c)(1) in connection with the filing of its Form 20-F. In accordance with standard procedure, the Company has requested the usual 180-day extension, which is expected to be reviewed and granted by the Hearings Panel within 30 to 45 days. As Above Food expects to file its audited financial results on Form 20-F within January 2026 and thereby regain full compliance well ahead of the extension period, the Company does not anticipate that a hearing will be required. As referenced previously, during the fiscal year ended January 31, 2025, Above Food completed the restructuring of its legacy business, including associated write-offs, clean-ups, and the removal of non-core or non-performing assets. As a result, the Company benefits from a significantly strengthened and streamlined balance sheet for the fiscal year ended January 31, 2026, positioning Above Food for sustainable growth, improved capital efficiency, and enhanced strategic flexibility. The Company is also pleased to reaffirm that it expects to deliver exceptionally strong profitability for the fiscal year ending January 31, 2026. Above Food reiterates that its previously announced profit target will be met or exceeded, reflecting the benefits of...

Regina, Saskatchewan--(Newsfile Corp. - December 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food" or the "Company") is pleased to announce that its audit for the fiscal year ended January 31, 2025, is progressing well towards completion. The Company is encouraged by the strong working relationship with its auditors, whose sector expertise has been highly valued by both management and the Board of Directors. While the audit has advanced positively, the timetable has been impacted over the past several weeks by unavoidable illness-related resourcing challenges faced by the team. Taking into account the upcoming holiday season, Above Food now anticipates that the audit will be completed shortly after the new year. The Company has notified Nasdaq accordingly and has applied for the 180-day extension available to it under applicable regulations. In parallel, Above Food continues to work closely with its auditors and advisors as part of its ongoing restructuring process. The Company looks forward to sharing the positive outcomes of this transformative initiative in the near future. As Above Food approaches the final month of its fiscal year ending January 31, 2026, the Company is pleased to report that expected profit is now projected to exceed $40 million, representing a significant increase from the previously announced expectation of $30 million. About Above Food Ingredients Inc. Above Food Ingredients Inc. (NASDAQ: ABVE) is an agricultural and food technology company whose vision is to create a healthier world — breaking the cycle of world hunger, one seed, one field, and one bite at a time. Above's robust chain of custody of plant proteins and proprietary seed development capabilities, leverage the power of artificial intelligence-driven genomics and agronomy, and together with Palm's financial technologies will help to break the global cycle of hunger. 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....

Regina, Saskatchewan--(Newsfile Corp. - April 28, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("Above Food" and the "Company") today released its financial results for the six-month period ended July 31, 2024, thereby bringing it back into compliance with Listing Rule 5250(c)(2) of the Nasdaq regulatory listing requirements. The Company notes that the six-month financial results filed today with the SEC primarily reflect operations of businesses that have since been discontinued and are not representative of the Company's business model moving forward. Revenue for the six months ended July 31, 2024 was US$65.2 million (CAD$90.0 million), with a net loss of US$25.9 million (CAD $35.8 million), which included US$14.1 million (CAD$19.4 million) of non-recurring business combination transaction costs on the merger with Bite Acquisition Corp. completed June 28, 2024. Subsequent to the six-month period ended July 31, 2024, the Company strategically refocused its revenue base toward higher margin opportunities following its August 2024 acquisition of Stricks Ag LLC ("Stricks"), a Montana-based specialty ingredient subsidiary, which continues to exceed expectations. In addition to this, the Company signed a Letter of Intent in February 2025 to acquire Palm Global Technologies Ltd. ("Palm Global"). These transactions represent a significant strategic shift toward higher-margin, value-added products that require less working capital investment compared to the Company's former commoditized agricultural operations, which have since been discontinued. The Company's current ongoing operations not reflected in these financial results include the Stricks business, which generated US$164 million in revenue for fiscal year 2023 and averaged approximately US$5.3 million in annual Adjusted EBITDA during fiscal years 2021-2023. Following management's efforts to deemphasize its commoditized agricultural operations, the Company is now moving towards break-even net income and generating positive adjusted EBITDA. Building on this momentum, the Company's acquisition of Palm Global is expected to have a significant positive impact, presenting numerous opportunities for the Company to continue to strengthen its current revenue run-rate of approximately US$145 million (CAD$200 million) and substantially enhancing profitability. As a next-generation innovator in technology, sustai...