Above Food Expects $30 Million Profit After Debt Reset and Restructuring

Above Food Ingredients Inc. (NASDAQ:ABVE) has eliminated all corporate debt through restructuring and expects over $30 million in profits next fiscal year. The company has also appointed a new auditor and is advancing audit progress towards a planned Form 20-F filing by Dec. 12, 2025. Above Food is merging with Palm Global, with the two companies strengthening operational alignment. The company's CEO, Lionel Kambeitz, said the restructuring marks a critical turning point in Above Food's journey.