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Colabor Group Inc. Enters Into Definitive Agreements Following the Conclusion of Its SISP
SAINT-BRUNO-DE-MONTARVILLE, Quebec, April 08, 2026 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”), announced today the conclusion of its sale and investment solicitation process (“SISP”) conducted under the supervision of the Superior Court of Québec (Commercial Division) (the “Court”) and Raymond Chabot Inc., as Court-appointed monitor of the Company (“Monitor”) in connection with the restructuring proceedings (the “CCAA Proceedings”) of the Company and certain o
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[{"type":"image","alt":"Colabor Group Inc.","displaySize":"","headline":null,"caption":"Colabor Group Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":42,"url":"https://media.zenfs.com/en/globenewswire.com/1ec047038d3a18feb1ed0c14a4d72e8f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OJtWvEefdywIm8CTAFRQQQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTc2/https://media.zenfs.com/en/globenewswire.com/1ec047038d3a18feb1ed0c14a4d72e8f","width":200,"height":42}},"lazy":false},{"type":"text","content":"SAINT-BRUNO-DE-MONTARVILLE, Quebec, April 08, 2026 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”), announced today the conclusion of its sale and investment solicitation process (“SISP”) conducted under the supervision of the Superior Court of Québec (Commercial Division) (the “Court”) and Raymond Chabot Inc., as Court-appointed monitor of the Company (“Monitor”) in connection with the restructuring proceedings (the “CCAA Proceedings”) of the Company and certain of its subsidiaries, Transport Paul-Émile Dubé Ltée, Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., instituted on January 8, 2026, under the Companies’ Creditors Arrangement Act (Canada).","length":711,"tagName":"p"},{"type":"text","content":"Following the issuance on March 31, 2026 by the Court of an approval and vesting order in respect of the sale of all outstanding shares of Tout-Prêt Inc., the Company has entered into three (3) agreements for the further sale and purchase of its assets or equity holdings (the “Definitive Agreements”), as further described below. The execution of the Definitive Agreements is the culmination of the Company’s aforementioned SISP in the context of the CCAA Proceedings.","length":469,"tagName":"p"},{"type":"text","content":"First, the Company has entered into an asset purchase agreement with Colabor 2026 L.P., acting through its general partner 9563-0570 Québec Inc., an affiliate of Financière Outremont Inc., to purchase substantially all of the assets of the Company and of its subsidiaries Norref Fisheries Quebec Inc. and Transport Paul-Émile Dubé Ltée. Second, the Company has also entered into an asset purchase agreement with 9562-9507 Québec Inc., a newly incorporated corporation for the sole purpose of purchasing the totality of assets held by Le Groupe Resto-Achats Inc. on...