Freshlocal Solutions Inc.
FLOCF
Other OTC0.14
USD
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Freshlocal Solutions Inc.
FLOCF
(Other OTC)
Recent
price
0.14
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Freshlocal Solutions Inc. provides end-to-end grocery e-commerce solutions through its Food-X Technologies subsidiary, which offers a SaaS-based eGrocery Management Solution for large and small grocery retailers; it also operates an eGrocery business delivering fresh, local and organic produce and groceries via the SPUD.ca online marketplace platform, alongside brick-and-mortar stores under the Blush Lane Organic Market and Be Fresh Local Markets brands. The company serves urban markets in Alberta and British Columbia, Canada, with operations including warehousing, fulfillment and wholesale distribution from a 74,000-square-foot facility in Burnaby. Founded in 1997 as Small Potatoes Urban Delivery in Vancouver, British Columbia, and headquartered in Burnaby, Canada, it trades under the ticker LOCL on the TSX and FLOCF over-the-counter. Recent developments include a leadership changeover in September 2021, followed by a filing for bankruptcy protection under the Companies' Creditors Arrangement Act in May 2022 amid financial pressures from COVID-19 impacts, supply chain issues and regional disasters; the company pursued a court-supervised restructuring process, marketing itself to potential buyers while maintaining operations, and secured financing such as an $8.8 million credit facility from Export Development Canada in early 2023 to support Food-X international expansion and a C$4.4 million loan from Prairies Economic Development Canada for organic produce growth.