FTI Foodtech International Announces Private Placement to Fund Expansion

An announcement from FTI Foodtech International ( (TSE:FTI) ) is now available.

FTI Foodtech International Inc. has announced a non-brokered private placement of up to 3,742,216 common shares at $0.20 per share, aiming to raise up to $748,444. Additionally, a concurrent offering of up to 6,257,784 units, each consisting of a share and a warrant, is expected to generate up to $1,251,557. The proceeds will support the development of FTI’s business operations, including its e-commerce platform, product acquisitions, and marketing strategies. This move is likely to enhance FTI’s market positioning by expanding its operational capabilities and product offerings.

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.

YTD Price Performance: 140.91%

Average Trading Volume: 21,270

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$4.58M

See more insights into FTI stock on TipRanks’ Stock Analysis page.