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The latest update is out from Fiji Kava Limited ( (AU:CCO) ).
The Calmer Co. International Limited has announced a pro rata renounceable entitlement offer to raise approximately $2.2 million. Eligible shareholders can subscribe for two new shares for every seven existing shares held, with the offer including a free attaching option. This capital raising initiative is aimed at strengthening the company’s financial position and potentially expanding its market presence.
More about Fiji Kava Limited
The Calmer Co. International Limited (ASX:CCO) specializes in natural solutions aimed at calming nerves, supporting mind and muscle relaxation, and inducing sleep. Their product range includes drinking powders, teas, shots, concentrates, and capsules sold under brands like Fiji Kava, Taki Mai, and Danodan Hempworks in markets such as the USA, Australia, China, New Zealand, and Fiji. The company also distributes Leilo kava drinks in the Fiji Islands.
Technical Sentiment Signal: Buy
Current Market Cap: A$13.13M
See more insights into CCO stock on TipRanks’ Stock Analysis page.