Thrive Tribe Technologies faces Daily Foods administration

Thrive Tribe Technologies Limited (ASX:1TT) has received a notice from Oldhams Advisory that Daily Foods, as noted in the Quarterly Activities Report dated 31 July 2024, has been placed into administration due to its continued loss position. The Company will provide further updates on any material developments.

Executive Commentary

Thrive Tribe Technologies is committed to creating a connected world of thriving humans and inspiring impact-driven business. We are dedicated to extending our influence beyond the workplace to inspire healthy and happy individuals and communities everywhere. The notice of Daily Foods being placed into administration is a challenging development, and we are actively assessing the situation to determine the best course of action. Our team is focused on navigating this period and will provide updates as the situation unfolds.

Summary

Thrive Tribe Technologies (ASX:1TT) has received a notice from Oldhams Advisory that Daily Foods has been placed into administration due to its continued loss position. The Company is dedicated to creating a connected world of thriving humans and inspiring impact-driven business. Despite the challenging development, Thrive Tribe Technologies remains committed to its goal of inspiring healthy and happy individuals and communities everywhere. The Company will continue to assess the situation and provide further updates as the situation unfolds.