Global Food and Ingredients Ltd (TSE:PEAS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Global Food and Ingredients Ltd. is facing a severe financial crisis as its subsidiary has been demanded by senior secured lenders to immediately repay debts totaling over $21 million, including interest, fees, and legal costs. The company has also received Notices of Intention to Enforce Security and is unable to obtain creditor protection, with a receiver appointment hearing scheduled for May 23, 2024. GFI’s stock trading remains suspended on the TSX Venture Exchange due to non-compliance with exchange requirements.
For further insights into TSE:PEAS stock, check out TipRanks’ Stock Analysis page.
