FTI Foodtech Secures $240,000 in Private Placement to Bolster Operations

FTI Foodtech International ( (TSE:FTI) ) has shared an announcement.

FTI Foodtech International Inc. has successfully closed its non-brokered private placement, raising $240,000 through the issuance of 2,000,000 units. Each unit includes a common share and a warrant, allowing the purchase of an additional share at $0.16 per share for two years. The proceeds will be used for general working capital, and the securities are subject to a hold period until June 12th, 2025. This move may enhance FTI’s operational capacity and strengthen its market position in the sustainable Cosmetic/Skincare industry.

More about FTI Foodtech International

FTI Foodtech International Inc. is focused on developing an innovative retail/barter platform catering to the Cosmetic/Skincare industry, emphasizing sustainability and high-quality, reliable products that meet the evolving needs of its clients worldwide.

YTD Price Performance: 109.09%

Average Trading Volume: 23,966

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$4.43M

For an in-depth examination of FTI stock, go to TipRanks’ Stock Analysis page.