Hill Inc (TSE:HILL) has released an update.
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Hill Incorporated has secured a $250,000 unsecured loan from its largest shareholder, Holdco, to finance inventory for its alcohol-free Vin(Zero) wine business and other general working capital needs. The loan, with a 10% annual interest rate, will support Hill’s Vin(Zero) business, which requires significant funding for finished goods production orders, especially after the company’s recent forgiveness of accounts receivable as part of a restructured licensing deal.
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