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FTI Foodtech International ( (TSE:FTI) ) has shared an announcement.
FTI Foodtech International Inc. announced the closing of the first tranche of its non-brokered private placement, raising $420,000 from 2.1 million common shares and $782,500 from 3.9 million units. The proceeds will be used for business development, including a retail and barter e-commerce platform, product acquisitions, marketing research, and general working capital. This move is expected to enhance FTI’s operational capabilities and market positioning, with the second tranche anticipated to close around May 19, 2025.
More about FTI Foodtech International
FTI Foodtech International Inc. is focused on developing an innovative retail and barter e-commerce platform for products that address challenges and promote sustainability within the cosmetic, skincare, wellness, health, and industrial products industries. The company is committed to delivering high-quality, reliable products and solutions that meet the evolving needs of its clients worldwide.
Average Trading Volume: 15,411
Technical Sentiment Signal: Buy
Current Market Cap: C$4.84M
Learn more about FTI stock on TipRanks’ Stock Analysis page.