Pure Foods Tasmania Announces Share Issue and Strategic Director Roles

Pure Foods Tasmania Ltd. ( (AU:PFT) ) has issued an update.

Pure Foods Tasmania Ltd has issued 5 million shares at $0.02 each, raising $100,000, and accompanying unquoted options, as part of its strategy to improve operational efficiency and strengthen its platform. The company is undergoing a strategic reset, with directors Robert Knight and Ken Fleming taking on new roles to focus on sales growth and cost reduction, respectively. The company aims to achieve cashflow positivity by focusing on profitable growth and reducing operating costs, which have improved significantly. Despite a shift in priorities leading to lower revenue, the company expects higher gross margins.

More about Pure Foods Tasmania Ltd.

Pure Foods Tasmania Pty Ltd, established in 2015, focuses on enhancing and promoting Tasmania’s premium food and beverage businesses. The company aims to develop new premium products within existing brands, expand in the plant-based food market, acquire complementary brands, and increase global market penetration. Its brands include Woodbridge Smokehouse, Tasmanian Pate, Daly Potato Co, and The Cashew Creamery.

YTD Price Performance: -14.29%

Average Trading Volume: 107,376

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$2.44M

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