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Maple Leaf Foods Inc (MFI.TO)

MFI.TO on Toronto Stock Exchange

28.87CAD
26 Jun 2019
Change (% chg)

$-0.72 (-2.43%)
Prev Close
$29.59
Open
$29.50
Day's High
$29.51
Day's Low
$28.45
Volume
406,084
Avg. Vol
259,051
52-wk High
$35.60
52-wk Low
$26.05

Latest Key Developments (Source: Significant Developments)

Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid
Wednesday, 22 May 2019 

May 22 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS RECEIVES TSX APPROVAL TO PROCEED WITH NORMAL COURSE ISSUER BID.MAPLE LEAF FOODS INC - NCIB PROGRAM COMMENCES ON MAY 24, 2019 AND WILL TERMINATE ON MAY 23, 2020.MAPLE LEAF FOODS INC - UNDER NCIB PROGRAM, COMPANY IS AUTHORIZED TO PURCHASE UP TO 7.5 MILLION OF ITS COMMON SHARES.  Full Article

Workers At Maple Leaf Foods Vote 98% In Favour Of Strike Action; Plant Set To Close In 2021
Tuesday, 7 May 2019 

May 7 (Reuters) - Maple Leaf Foods Inc ::WORKERS AT MAPLE LEAF FOODS VOTE 98% IN FAVOUR OF STRIKE ACTION; PLANT SET TO CLOSE IN 2021.UFCW CANADA LOCAL 1006A - MEMBERS WORKING AT MAPLE LEAF FOODS VOTED 98% IN FAVOUR OF TAKING STRIKE ACTION "TO GET A FAIR CONTRACT".  Full Article

Maple Leaf Foods Reports Q1 Earnings Per Share Of C$0.41
Thursday, 2 May 2019 

May 2 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 EARNINGS PER SHARE C$0.41.Q1 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA.Q1 SALES C$907.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$890.8 MILLION."WHILE MARKET CONDITIONS CONTINUED TO BE ADVERSE, THEY ARE EXPECTED TO IMPROVE FOR BALANCE OF YEAR".QTRLY ADJUSTED EARNINGS PER SHARE C$0.20.  Full Article

Maple Leaf Foods Announces New $2 Bln Credit Facility
Wednesday, 1 May 2019 

April 30 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS ANNOUNCES NEW $2 BILLION CREDIT FACILITY.MAPLE LEAF FOODS INC - $1.3 BILLION UNSECURED COMMITTED REVOLVING LINE OF CREDIT MATURES APRIL 30, 2024.MAPLE LEAF FOODS INC - SIZE AND UNSECURED STRUCTURE OF NEW CREDIT FACILITY PROVIDES COMPANY WITH ENHANCED LIQUIDITY AND FINANCIAL FLEXIBILITY..MAPLE LEAF FOODS INC - TWO UNSECURED COMMITTED TERM FACILITIES OF US$265.0 MILLION AND CDN$350.0 MILLION, MATURE APRIL 30, 2024, AND APRIL 30, 2023, RESPECTIVELY.MAPLE LEAF FOODS INC - NEW CREDIT FACILITY REFINANCES AND REPLACES COMPANY'S EXISTING $400.0 MILLION AND $250.0 MILLION CREDIT FACILITIES.  Full Article

Maple Leaf Foods' Unit Announced Plans To Construct A US$310 Million Plant-Based Protein Food Processing Facility
Monday, 8 Apr 2019 

April 8 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF ADVANCES LEADERSHIP IN RAPIDLY GROWING PLANT-BASED PROTEIN MARKET WITH CONSTRUCTION OF A WORLD-CLASS PRODUCTION FACILITY.MAPLE LEAF FOODS INC - UNIT ANNOUNCED PLANS TO CONSTRUCT A US$310 MILLION PLANT-BASED PROTEIN FOOD PROCESSING FACILITY IN SHELBYVILLE, INDIANA.MAPLE LEAF FOODS INC - WILL ALSO INVEST APPROXIMATELY US$26 MILLION FOR ITS EXISTING FACILITIES.MAPLE LEAF FOODS INC - EXPECTS TO INCUR ONE-TIME START-UP COSTS OF US$34 MILLION.MAPLE LEAF FOODS INC - WILL FUND THIS INITIATIVE THROUGH COMBINATION OF CASH FLOW FROM OPERATIONS AND DEBT.MAPLE LEAF FOODS INC - CO AND UNIT GREENLEAF FOODS SPC ANNOUNCED PLANS TO CONSTRUCT A PLANT-BASED PROTEIN FOOD PROCESSING FACILITY IN INDIANA.  Full Article

Maple Leaf Foods Announces Retirement Of David Emerson From The Board Of Directors
Friday, 5 Apr 2019 

April 5 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS ANNOUNCES RETIREMENT OF HONOURABLE DAVID EMERSON FROM THE BOARD OF DIRECTORS.MAPLE LEAF FOODS INC - PUTTING FORWARD REMAINING NINE INCUMBENT DIRECTORS FOR RE-ELECTION TO BOARD OF DIRECTORS AT MEETING.MAPLE LEAF FOODS INC - ANTICIPATES APPOINTING MR. W. GEOFFREY BEATTIE AS CHAIR OF BOARD..  Full Article

Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid
Tuesday, 22 May 2018 

May 22 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS RECEIVES TSX APPROVAL TO PROCEED WITH NORMAL COURSE ISSUER BID.NCIB PROGRAM COMMENCES ON MAY 24, 2018 AND WILL TERMINATE ON MAY 23, 2019.CO AUTHORIZED TO PURCHASE UP TO 7.8 MILLION OF SHARES.  Full Article

Maple Leaf Foods Announces Nominees To Stand For Election To Board
Friday, 6 Apr 2018 

April 6 (Reuters) - Maple Leaf Foods Inc ::ANNOUNCES NEW NOMINEES TO STAND FOR ELECTION TO THE BOARD.KATHERINE LEMON, JONATHAN MCCAIN NOMINATED TO JOIN BOARD, INCREASING BOARD SIZE TO 11 DIRECTORS.  Full Article

Maple Leaf Foods Reports Q4 Adjusted Earnings Per Share C$0.41
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR-END 2017.Q4 ADJUSTED EARNINGS PER SHARE C$0.41.Q4 SALES ROSE 5.9 PERCENT TO C$876.8 MILLION.QTRLY BASIC EARNINGS PER SHARE $0.47.  Full Article

Maple Leaf Foods Signs Definitive Agreement To Acquire Field Roast Grain Meat
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Maple Leaf Foods Inc ::MAPLE LEAF FOODS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE FIELD ROAST GRAIN MEAT CO..MAPLE LEAF FOODS INC - DEAL FOR ‍$120 MILLION, PLUS RELATED COSTS​.MAPLE LEAF FOODS INC - TRANSACTION IS EXPECTED BE ACCRETIVE TO EARNINGS.MAPLE LEAF FOODS INC - ‍ EXPECTS TO FINANCE TRANSACTION THROUGH A COMBINATION OF CASH-ON-HAND AND DRAWINGS UNDER EXISTING CREDIT FACILITY​.  Full Article