Blender Bites Expands Financial Strategy and Announces Board Changes

Blender Bites Limited ( (TSE:BITE) ) has issued an announcement.

Blender Bites Ltd. has extended its financial arrangement with Export Development Canada by establishing a new $500,000 Bridge Facility, supplementing its existing $2,000,000 loan. This move, alongside the resignation of board member Grant Smith and the engagement of Bunt Capital for M&A consulting, signals strategic financial and operational shifts aimed at enhancing the company’s market position and growth potential.

More about Blender Bites Limited

Blender Bites is a multi-award-winning Canadian company specializing in the development and marketing of premium frozen functional food and beverages. Founded in 2017, the company is a leader in the ‘easy smoothie’ category in North America, focusing on organic, non-GMO, gluten-free, dairy-free, and soy-free products. Their offerings include 1-Step Smoothies and 1-Step Frappes, distributed across Canada and the US in over 7000 stores, including major retailers like Walmart and Whole Foods.

YTD Price Performance: -33.33%

Average Trading Volume: 19,522

Technical Sentiment Signal: Buy

Current Market Cap: C$3.25M

Learn more about BITE stock on TipRanks’ Stock Analysis page.