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Colabor Group Inc T.GCL

Alternate Symbol(s):  COLFF

Colabor Group Inc. is a Canada-based distributor and wholesaler of food and related products serving the hotel, restaurant and institutional markets (HRI) in Quebec and in the Atlantic provinces, as well as the retail market. The Company offers specialty food products such as meat, fish and seafood, as well as food and related products through its Broadline activities. Its product categories include frozen food products, dry goods, dairy products, fruits, vegetables, meat, fish, seafood, poultry, disposable items, sanitation products and maintenance products. Its Norref products offer over 1,500 products sold fresh, frozen or live, including regional, exotic and eco-friendly fish, all varieties of seafood and processed products. Its Lauzon products include lamb, beef, delicatessen, turkey, game, fish, pork, poultry, veal, cheese, frozen food and portion. It also sells products under private brand, Menu. It distributes around 10,000 food and related products to 15,000 points of sale.


TSX:GCL - Post by User

Bullboard Posts
Post by felker04on Mar 24, 2020 3:52pm
247 Views
Post# 30843010

Restaurants business?

Restaurants business?Hi guys,

I looked at the financial reports to try to find out what kind of exposition to the restaurant business does Colabor have.


But I can't put my hand on this kind of info. From what I know, they are in the food distribution business.

But the divide between restaurants, institutions, groceries are not clear to me.
Is it 50% restaurants, more or less? Are groceries their most important clients.

As a shareholder I guess it is something I should have known before buying, but I don't!
We can predict the restaurant business will be greatly affected in the next weeks and maybe months.

But groceries will be doing great. I know they work a lot with schools and hospitals also.

Can someone help me and everybody better understand their business. From what I saw in the drop price, I can estimate that the company will be directly affected very negatively, but I would like to understand a bit more precisely.

Thanks!
Bullboard Posts