tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

OMG Group Secures $2 Million to Boost Inventory and Sales

Story Highlights
  • OMG Group secures $2 million to enhance inventory for Blue Dinosaur and Oat Milk Goodness.
  • Funding supports expansion in Australian retail outlets and boosts multi-channel sales strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
OMG Group Secures $2 Million to Boost Inventory and Sales

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Forbidden Foods Ltd ( (AU:OMG) ) has provided an update.

OMG Group Ltd has secured $2 million in funding through the issuance of 200 million new shares to enhance its inventory and meet the rising demand for its Blue Dinosaur and Oat Milk Goodness products. This funding will support the company’s expansion in major Australian retail outlets such as Woolworths, 7-Eleven, and Quikstop, and bolster its multi-channel sales strategy, which has already seen a significant increase in ecommerce sales. The capital will also be allocated to sales and marketing efforts, operational costs, and general working capital, positioning OMG Group as a leading player in the FMCG ‘Better-for-You’ category.

More about Forbidden Foods Ltd

OMG Group is a health & wellness food company focused on providing clean, sustainable, and healthy products. The company’s primary brands include Blue Dinosaur and Oat Milk Goodness, catering to the growing consumer demand for better-for-you food options.

Average Trading Volume: 51,618,924

Technical Sentiment Signal: Sell

Current Market Cap: A$8.74M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1