Ecofibre Ltd. (AU:EOF) has released an update.
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Ecofibre Ltd. has enhanced its financial flexibility by securing equipment and working capital loans with Loeb Term Solutions and nFusion Capital Finance. These loans, totaling up to USD 8 million, are backed by the company’s machinery, equipment, and accounts receivable. This move is part of Ecofibre’s strategy to streamline its business and boost sustainable financial performance.
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