Better Together
COHO ACQUIRES PUREBREAD
Coho x Purebread
Coho and Purebread have joined forces to create a foodie powerhouse in Canada. Coho offers shared kitchens and value-added services, while Purebread brings quality and brand loyalty to the table. Together, they plan to expand nationally, cross-sell their products, and leverage Coho's technology and infrastructure. With an expected revenue of $58.1M and EBITDA of $12.8M in FY 2026, this collaboration promises to be a highly profitable player in the Canadian food retail space.
0.085
Share Price
~7.16M
Market Cap
0.30/0.085
52 Week H/L
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Industry Impact
The proforma company is targeting $58.1M in revenue and $12.8M in EBITDA in FY 2026, making it a highly profitable and significant player in the Canadian food retail space.
Financial Benefit
The combined entity offers exceptional top-line growth, improved margins, national expansion, B2B cross-selling opportunities, online delivery synergies, and reduced G&A.
Strategic Benefit
Coho offers space-as-a-service, value-add services, and a strong technology platform, while Purebread has lean production and a hub-and-spoke model. Purebread's B2B produce will distribute through Coho's partners, Coho's member products will be sold by Purebread, and Purebread will introduce online delivery through Coho's established partners.
Coho plans to open 16+ facilities across North America, leading to a $22M+ revenue opportunity in FY2026. Using COHO infrastructure along with independent expansion, Purebread plans to grow to 30+ locations nationally representing a >$35M revenue potential in FY2026.
Growth Profile
Upcoming Investor Events
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May 30, 2023
Webinar
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June 7, 2023
Calgary, AB
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June 8, 2023
Vancouver, BC
Management Team
Andrew Barnes
Chief Executive Officer
Andrew comes with 20+ years of Senior Operations & Finance Management experience at Electronic Arts. He is a serial entrepreneur: he is the co-founder of Tonic App (raised $3.5M Series A in Portugal, 2019).
Amrit Maharaj
Chief Operating Officer
Amrit has 18+ years experience in Real Estate Development, and he is the owner of Avaram Homes. He's also the co-founder of Suna Studios - Western Canada's largest music rehearsal spaces. Amrit has been awarded the BC Community Achievement Award for Philanthropic Contributions.
Jennifer Chan
Chief Marketing Officer
With 10+ years experience in Management of Sales & Marketing in the technology sector, Jennifer is a serial entrepreneur. She is the Co-founder of Preview Careers - raised $130K seed funding - and Eloqi Language Learning Mobile App.
Michael Yam
Chief Financial Officer
Former VP of Harvest One, responsible for financial oversight, capital raises, and M&A deals. Former Investment Banking Associate at Capital West Partners, Senior Associate at PwC in Audit and Assurance.
Purebread’s best in class quality and cult following signifies brand loyalty that continues to drive growth. Using Coho’s infrastructure, Purebread has the opportunity to access massive untapped expansion across North America.