An announcement from Fresh Factory B.C. Ltd. ( (TSE:FRSH) ) is now available.
The Fresh Factory B.C. Ltd. has completed a US$3 million non-brokered private placement to fund its business growth and development, including facility upgrades and general corporate purposes. The offering, which involved the sale of 33,333 proportionate voting shares, is subject to final approval by the TSX Venture Exchange. The participation of company insiders in the offering was considered a related party transaction but was exempt from certain regulatory requirements. This financial move is expected to support the company’s operational expansion and strengthen its market position in the clean-label food and beverage industry.
More about Fresh Factory B.C. Ltd.
The Fresh Factory B.C. Ltd. is a vertically integrated company that focuses on the growth of fresh, clean-label, better-for-you food and beverage brands. It partners with emerging brands to develop, manufacture, and sell products made from fresh produce and recognizable ingredients, operating from a centrally located facility near Chicago. As a public benefits corporation, it is committed to sustainability and aims to positively impact local communities and the food system.
YTD Price Performance: -9.09%
Average Trading Volume: 8,696
Technical Sentiment Signal: Hold
Current Market Cap: C$46.47M
For detailed information about FRSH stock, go to TipRanks’ Stock Analysis page.