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Eddy Smart Home Solutions Ltd. ( (TSE:EDY) ) just unveiled an update.
Eddy Smart Home Solutions Ltd. has secured a $1 million revolving credit facility from a non-arm’s length private lender, with the option to increase by an additional $500,000. The loan, which bears a 12% annual interest rate and matures in two years, will primarily support inventory purchases to meet contracted revenue backlog, potentially boosting the company’s operational capabilities and market positioning.
More about Eddy Smart Home Solutions Ltd.
Eddy Smart Home Solutions Ltd. is a prominent North American company specializing in smart water metering products and monitoring services for both residential and commercial properties. The company offers solutions that enable property owners and developers to manage and conserve water usage through advanced sensing devices and behavioral learning software.
YTD Price Performance: 26.30%
Average Trading Volume: 2,856
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$17.8M
Learn more about EDY stock on TipRanks’ Stock Analysis page.