Welcome to our dedicated page for Good Flour news (Ticker: gfcof), a resource for investors and traders seeking the latest updates and insights on Good Flour stock.
Good Flour Corp (GFCOF) is a leader in commercial flour production, combining traditional manufacturing with strategic financial planning. This page provides investors and industry stakeholders with timely updates on corporate developments, financial agreements, and operational milestones.
Access verified press releases, earnings reports, and announcements about GFCOF's non-revolving loan facilities, product innovations, and market expansions. Our curated collection helps you track key aspects of the company's strategy, including working capital management and quality control initiatives.
Discover updates on:
• Financial agreements with bonus warrant structures
• Production capacity and quality assurance measures
• Strategic partnerships in food service distribution
Bookmark this page for direct access to GFCOF's official communications, enabling informed analysis of their financial health and industry positioning.
The Good Flour Corp. (GFCOF) has amended its loan agreement with an arm's-length lender, increasing the borrowing limit to $1,250,000 through requested drawdowns. The loans will carry a 10% annual interest rate, are unsecured, and mature on July 31, 2025.
As part of the agreement, GFCOF will issue up to 1,785,700 additional share purchase warrants to the lender, vesting pro-rata with each loan advance. Each warrant allows purchase of one class 'A' common share at $0.14 until March 15, 2029. The total Bonus Warrants under the loan now stand at 8,928,500. The non-revolving facility's proceeds will be used for general corporate and working capital purposes.
The Good Flour Corp. (CSE: GFCO) (OTC Pink: GFCOF) has announced a nationwide rollout of its PureMelt Cheeeze™ product at Panago Pizza locations across Canada. The implementation will be completed in stages by May 2025, covering approximately 200 locations across five provinces and territories.
PureMelt Cheeeze™ is a vegan cheese alternative free from the top 10 allergens, featuring characteristics similar to traditional mozzarella including caramelization and stretch. The product is non-GMO, gluten-free, and offers health benefits with zero cholesterol, no saturated fat, and lower sodium levels.
Panago Pizza represents the first major food service customer to adopt this innovative vegan cheese product, with GFCO currently in discussions with other food service locations for potential menu integration.
The Good Flour Corp. (GFCOF) has announced that its PureMelt Cheeeze™ product is now available for distribution through Gordon Food Service, North America's largest family-operated broad-line food distribution company. The product will be accessible to all food service customers using Gordon Food Service for procurement.
PureMelt Cheeeze™ is a vegan cheese alternative free from the top 10 allergens, featuring characteristics similar to mozzarella including stretch and caramelization. The product is non-GMO, gluten-free, and contains no saturated fat or cholesterol, with lower sodium levels.
Additionally, the company has amended its loan agreement to increase the borrowing limit to $1,000,000, with loans bearing 10% annual interest and maturing on July 31, 2025. The company will issue up to 1,785,700 additional share purchase warrants to the lender, exercisable at $0.14 per share until March 15, 2029, bringing total Bonus Warrants to 7,142,800.
The Good Flour Corp. (CSE: GFCO) (OTC Pink: GFCOF) has announced that due to the Canada postal strike, materials for its Annual General Meeting scheduled for December 30, 2024, are now available online. The meeting will be held at 10:00 am Pacific time in Vancouver. Key agenda items include reviewing financial statements, setting the board size at four directors, electing new directors, and appointing DMCL LLP as auditors.
Shareholders can access meeting materials through SEDARplus, the company's website, or TSX Trust's platform. Registered shareholders and NOBOs can contact TSX Trust for voting instructions and control numbers. The company is utilizing exemptions under CSA Blanket Order 51-931 regarding proxy-related materials during the postal strike.
The Good Flour Corp. (CSE: GFCO) (OTC Pink: GFCOF) (FSE: 3KZ) has amended its loan agreement with an arm's-length lender, increasing the borrowing limit to $750,000. The loans will bear 10% annual interest, are unsecured, and mature on March 31, 2025. The facility is non-revolving, and funds will be used for general corporate and working capital purposes.
In connection with the loan facility, GFCO will issue up to an additional 1,785,700 share purchase warrants to the lender, vesting pro-rata upon each loan advance. Each warrant is exercisable into one class 'A' common share at $0.14 per share until March 15, 2029. The total Bonus Warrants issued under the Loan are now 5,357,100.
The Good Flour Corp. (CSE: GFCO, OTC Pink: GFCOF, FSE: 3KZ) has amended its loan agreement with an arm's-length lender. The amended agreement allows the company to borrow up to $500,000 in requested drawdowns. These loans will bear an annual interest rate of 10%, be unsecured, and mature on September 8, 2024. The facility is non-revolving, and the borrowed funds will be used for general corporate and working capital purposes.
Additionally, The Good Flour Corp. has agreed to issue up to 1,785,700 share purchase warrants to the lender. Each warrant can be converted into one class "A" common share at $0.14 per share until March 15, 2029. This brings the total number of share purchase warrants issued under the loan to 3,571,400.
