ABVEW Above Food Ingredients Inc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2025

 

Commission File Number 333-275005

 

ABOVE FOOD INGREDIENTS INC. 

(Exact name of Registrant as specified in its charter)

 

N/A 

(Translation of Registrant’s name)

 

2305 Victoria Avenue #001

Regina, Saskatchewan, S4P 0S7

(306) 779-2268 

(Address and telephone number of registrant’s principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F x Form 40-F ¨

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On March 2, 2025, Above Food Ingredients Inc. (the “Company”) made available a press release through its investor relations website, www.abovefood.com/investors. A copy of the press release is furnished herewith as Exhibit 99.1.

 

The Company uses its investor relations website to post important information for investors, including press releases, upcoming events, analyst presentations and supplemental financial information, and as a means of disclosing material non-public information. Accordingly, investors should monitor the Company’s investor relations website, in addition to reviewing press releases, SEC filings and public conference calls and webcasts.

  

 

DOCUMENTS INCLUDED AS PART OF THIS REPORT

 

Exhibit
99.1		Press Release, dated March 2, 2025

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Above Food Ingredients Inc.
Date: March 4, 2025	By:	/s/ Lionel Kambeitz
		Name:	Lionel Kambeitz
		Title:	Chief Executive Officer

 

 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Above Food Ingredients Inc. provides Update on subsidiary Purely Canada Foods Corp.

 

Regina, Saskatchewan – March 2, 2025 – Above Food Ingredients Inc. (NASDAQ: AFII) ("AFII" or the "Company"), a differentiated, regenerative ingredient company, announces that the Royal Bank of Canada (“RBC”) submitted an application for receivership for Purely Canada Food Corp. ("PCFC"), a subsidiary of Above Food Ingredients Inc. and four affiliated guarantor subsidiaries. PCFC has been operating in a limited capacity over the past six months as the entity has been working with the Canadian Grain Commission to meet relicensing requirements. PCFC and RBC agreed on a two-week period to negotiate the terms of a forbearance agreement, and management expects to reach a resolution with RBC within the two-week period. 

 

Above Food Ingredients Inc. is a differentiated, regenerative ingredient company that celebrates delicious products made with real, nutritious, and flavorful ingredients delivered with transparency. AFII' vision is to create a healthier world—one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, AFII delivers nutritious foods to businesses and consumers with traceability and sustainability.

 

For media inquiries, contact media@abovefood.com. Investors can reach the company at investors@abovefood.com.

 

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations, estimates, and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to, expectations regarding the anticipated resolutions with RBC. There are no guarantees that a negotiated forbearance agreement will be reached. Readers are cautioned not to place undue reliance on these forward-looking statements.

 

For a complete discussion of risks and uncertainties, investors should review the documents filed with the Securities and Exchange Commission (SEC), available at www.sec.gov or on AFII’s investor relations website. The Company expressly disclaims any obligation to update or revise forward-looking statements, except as required by law.

 

 

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