Colabor Group Inc T.GCL

Alternate Symbol(s): COLFF

Consumer Defensive Food Distribution

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.

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Colabor Group Inc > Improving Margins

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Comment by pennylane101on May 04, 2023 2:19pm

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RE:Improving Margins

The cost of the move is in the high teens to low twenties and this is in millions of dollars.Their net debt is now above $52 million and unless, as they claim, they can fund the move through organic growth, their debt levels will balloon to over $70 million. It is a bit risky with interest rates on the rise and I can see why investors are hesitant to drive the price higher.

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