COLABOR ANNOUNCES THE CLOSING OF THE SALE OF ITS SUMMIT FOODS DIVISION IN ONTARIO

Boucherville, Quebec, May 11, 2020 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) today announces it has closed the sale of most of the assets of its Summit Foods division (“Summit”) in Ontario to Flanagan Foodservice Inc.(“Flanagan”) for an aggregate amount of approximately $10 million, subject to post-closing adjustments.

 

 

 

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