The Globe and Mail reports in its Wednesday, Dec. 17, edition that Raymond James analyst Michael Glen has moved Colabor Group to "under review" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen no longer has a share target, it was previously 40 cents. Analysts on average target the shares at 45 cents. Mr. Glen says in a note: "[Monday] morning, Colabor provided an update regarding its previously announced forbearance agreement. ... As part of its continuing finance, Colabor had until Dec. 15, 2025, to secure non-binding letters of intent for refinancing its credit facilities and raising at least $15-million in equity. Colabor announced, this morning, it has been unable to obtain satisfactory refinancing proposals and does not expect to do so. With that, Colabor is now negotiating with its main lenders and Investissement Quebec for further extensions of their forbearance agreements, which currently last until Jan. 30, 2026, and for possible additional short-term liquidity. Without viable strategic alternatives, Colabor's operations may be seriously affected, and it may seek creditor protection."