Risk Profile Improvements
- Material Weakness (improved) — Three material weaknesses in internal controls (segregation of duties, transaction authorization, documentation) identified in FY2025 were remediated by FY2026; controls now effective.
Mama's Creations acquires Crown 1 for $17M, grows revenue 39%, fixes control weaknesses
Filed April 14, 2026 · Period ending January 31, 2026 · Compared to 10-K Apr 8, 2025 · ~2 min read
Key Changes
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high
Acquired Crown 1 Foods for $17.3M cash in September 2025, adding value-added protein manufacturing capacity. Funded via $18.9M equity raise (2.7M shares at $7.50). Crown 1 contributed $23.2M revenue in FY2026.
Business & MD&A: Crown 1 Acquisition verify on EDGAR → -
high
Revenue jumped 39% to $171.7M (vs. $123.3M prior year). Organic volume growth of $21.4M plus $3.8M pricing actions drove $25M base increase; Crown 1 added $23.2M. Store count expanded 20% to 12,000 locations.
MD&A: Revenue Growth verify on EDGAR → -
high
Material weaknesses in internal controls (segregation of duties, transaction authorization, documentation) remediated; management now concludes controls effective as of Jan 2026. Crown 1 excluded from assessment during integration.
Controls & Procedures verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 11, 2026 1:11 AM