Above Food agrees to merger with Palm Global Technologies to advance sustainability in agriculture

In Regina, Saskatchewan on April 30, 2025, Above Food Ingredients Inc. announced that it has successfully reached an agreement on key terms for its proposed merger with Palm Global Technologies Ltd. This announcement follows a prior announcement made on February 6, 2025, that began the transformative acquisition process between the two companies. The executive management team of Above Food conducted a thorough review of the merger's terms and structure, ultimately offering strong support for the partnership. Subsequently, the Board of Directors received this endorsement, signaling forward momentum towards the required corporate and regulatory approvals necessary to finalize documentation. The merger aims to combine Above Food’s robust operations in primary agriculture and processing with Palm Global’s innovative FinTech platform, which utilizes cutting-edge technologies such as artificial intelligence, blockchain, and decentralized finance. This transformational endeavor is poised to create substantial value for shareholders and align with Above Food's mission of fostering a more sustainable and inclusive global food system. In conjunction with the merger agreement, Above Food’s leadership team attended several groundbreaking milestone events that highlighted Palm Global’s ongoing success in its global initiatives. The partnership seeks to leverage digital solutions that can transform global agriculture, particularly focusing on financial resilience for underserved markets. Importantly, both companies are committed to maintaining clear communication with their shareholders, ensuring timely updates on the progress and developments of the merger. Additionally, Above Food highlighted its vision of creating a healthier world through extensive measures that include traceability, sustainability, and advanced seed development capabilities. These efforts are designed to improve overall food production and quality while addressing critical issues within the global food industry. As the merger progresses, both Above Food and Palm Global are optimistic about the future impact that their collaboration will produce in revolutionizing agricultural practices worldwide.