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Chill Brands Group PLC ( (GB:CHLL) ) has provided an announcement.
Chill Brands Group PLC has successfully raised £1 million through the issuance of convertible loan notes, with participation from its largest shareholder, Jonathan Swann. The funds will be used to develop new vaping products, expand marketing efforts, and enhance sales infrastructure. Additionally, the company has extended the terms of existing loan notes, reducing near-term cash outflows and strengthening its balance sheet. The resolution of a lawsuit concerning former directors has allowed Chill Brands to regain control of key assets, including the Chill.com domain, and focus on strategic growth.
More about Chill Brands Group PLC
Chill Brands Group plc is an international consumer packaged goods company that focuses on the development, marketing, and distribution of wellness and recreational products. The company offers proprietary nicotine-free vapor products, which are distributed through leading retail stores in the US and UK. Additionally, Chill Brands operates the chill.com e-commerce website, aiming to build a marketplace featuring products from third-party brands.
Technical Sentiment Signal: Sell
Current Market Cap: £10.89M
See more data about CHLL stock on TipRanks’ Stock Analysis page.
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