Harrys Manufacturing Secures $48,000 in First Tranche of Private Placement

Harrys Manufacturing ( (TSE:HARY) ) just unveiled an update.

Harrys Manufacturing Inc. has successfully closed the first tranche of its non-brokered private placement, raising $48,000 through the issuance of 2,086,957 units. The proceeds will be used for operational and administrative costs, and the transaction includes participation from a company director, constituting a related party transaction under Canadian securities regulations.

Spark’s Take on TSE:HARY Stock

According to Spark, TipRanks’ AI Analyst, TSE:HARY is a Underperform.

Harrys Manufacturing’s overall stock score is weighed down primarily by its poor financial performance and technical analysis indicators, reflecting deep-seated financial challenges and bearish market trends. However, recent strategic corporate events show potential for future growth and risk diversification, slightly offsetting the negative outlook.

To see Spark’s full report on TSE:HARY stock, click here.

More about Harrys Manufacturing

Harrys Manufacturing Inc. is a marketer of tobacco products aimed at adult Canadian consumers seeking quality, Canadian-made products at value prices. The company boasts a management team with over 40 years of industry experience and collaborates with distribution and retail partners focused on customer satisfaction.

Average Trading Volume: 113,585

Technical Sentiment Signal: Sell

Current Market Cap: C$2.1M

Find detailed analytics on HARY stock on TipRanks’ Stock Analysis page.