Chill Brands Secures £1 Million Fundraising and Updates on Financial Results

Chill Brands Group PLC ( (GB:CHLL) ) has provided an update.

Chill Brands Group plc has successfully secured a £1 million underwritten fundraising through Convertible Loan Notes, backed by its largest shareholder, Jonathan Swann. This funding will support the development and distribution of new vaping products, marketing expansion, and sales infrastructure enhancement. The company is also addressing delays in publishing its financial results due to audit challenges and expects to release its FY24 Accounts by mid-May 2025. The completion of these financial results is crucial for resuming trading of the company’s shares, which are currently suspended.

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 specializes in nicotine-free vapor products, catering to the growing market for tobacco alternatives, and distributes these products through leading retail stores in the US and UK. Additionally, Chill Brands operates the chill.com e-commerce website, creating a marketplace for third-party brands.

Technical Sentiment Signal: Buy

Current Market Cap: £10.89M

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