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.

TSX:GCL - Post by User

Colabor Group Inc > COLABOR IS IN DISTRESS....trading wise

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Post by BLUEBERRY5on Oct 08, 2024 2:26pm

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Post# 36258195

COLABOR IS IN DISTRESS....trading wise

After climbing to a 52-weeks HIGH of $1.52 a few weeks ago, now retreating to $1.17, so far today, the stock is being accumulated with high volumes. Such a trading pattern makes no doubt in my mind that there is more likelihood of a takeover in the works, rather than a long-term horizon in seeing the stock reaching for example $2, $3 and above.

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