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The latest announcement is out from Forbidden Foods Ltd ( (AU:FFF) ).
Forbidden Foods Ltd announced it has secured firm commitments to raise $1 million through the issuance of new shares, which will be primarily used to build inventory for its Blue Dinosaur and Oat Milk Goodness ranges to meet rising demand. This strategic move follows significant sales growth and aims to leverage economies of scale, enhancing the company’s market position and supporting its growth strategy post-acquisition of OMG, with advanced discussions for further product-stocking agreements that could boost future sales.
More about Forbidden Foods Ltd
Forbidden Foods Ltd (ASX: FFF) is a health & wellness food company focused on providing clean, sustainable, and healthy products under the brand Blue Dinosaur®, available in Australia and the USA.
Average Trading Volume: 1,385,374
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.01M
See more insights into FFF stock on TipRanks’ Stock Analysis page.
