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Pure Foods Tasmania Ltd. ( (AU:PFT) ) has provided an update.
Pure Foods Tasmania Ltd has entered into a conditional Placement Agreement with Jon Kontopos and Matthew Abrahams for a $400,000 investment, part of a larger $750,000 placement. This investment, subject to shareholder approval, reflects strong support for the company’s turnaround strategy and recapitalization plan. Kontopos and Abrahams, both successful entrepreneurs, bring valuable experience to the company, potentially enhancing its market positioning and operational growth.
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 its existing brands, expand into the plant-based food market, acquire complementary brands, and increase global market penetration and distribution. Its portfolio includes brands like Woodbridge Smokehouse, Tasmanian Pate, Daly Potato Co, and The Cashew Creamery.
YTD Price Performance: 42.86%
Average Trading Volume: 113,816
Technical Sentiment Signal: Sell
Current Market Cap: A$4.21M
See more insights into PFT stock on TipRanks’ Stock Analysis page.