Colabor Group Files for Creditor Protection Under CCAA

SAINT-BRUNO-DE-MONTARVILLE, Quebec, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”), announces that the Company and certain of its subsidiaries, Transport Paul-Émile Dubé Ltée, Le Groupe Resto-Achats Inc. and Norref Fisheries Quebec Inc., will apply today to the Superior Court of Quebec (Commercial Division) (the "Court") for an initial order to seek protection from their creditors under the Companies’ Creditors Arrangement Act ("CCAA").

On January 8, 2026, Colabor Group Inc. announced that it has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) due to financial difficulties. This move has become necessary as the company aims to restructure its financial obligations and maintain certain operational activities while seeking to stabilize its financial position.

The CCAA is a Canadian statute that allows struggling corporations to reorganize their debts and attempt to keep their business viable. Colabor Group has faced challenges in recent months impacting its revenue and overall financial health, prompting the need for a formal restructuring process. The company stated that this measure will enable it to develop a plan to pay its creditors and potentially continue its operations in a more sustainable manner.

Colabor Group has appointed a chief restructuring officer to oversee the process and provide guidance as it navigates through this challenging period. The company has communicated its intent to collaborate with creditors and stakeholders throughout the CCAA proceedings, ensuring transparency and accountability.

In light of this filing, Colabor Group is optimistic about the possibility of emerging from this process stronger and better positioned for future growth. They are committed to working diligently with all parties involved to reach a satisfactory resolution and to secure the best outcome for their business and employees.