Purebread Brands plans $1.5 million private placement to fund café expansion

The latest announcement is out from Purebread Brands ( (TSE:BRED) ).

Purebread Brands Inc., a fast-casual café and bakery operator based in British Columbia, is expanding its footprint across Canada and beyond with a focus on high-quality retail locations and community-oriented food experiences. The company positions itself as a growth-focused player in the fast-casual segment, targeting vibrant markets where its brand and product offering can gain strong traction.

The company announced a non-brokered private placement of up to 10,000,000 units at $0.15 per unit to raise as much as $1.5 million, with each unit consisting of one common share and a half warrant exercisable at $0.30 for 24 months. Management said the funding will primarily support new store openings and working capital to scale operations, underscoring an acceleration of its expansion strategy while remaining subject to regulatory and TSX Venture Exchange approval requirements.

All securities issued in the financing will be subject to a four-month hold period under Canadian securities laws, adding a near-term lockup for participating investors. The structure of the placement, including potential finder’s fees and attached warrants, reflects typical growth-capital financing on the TSX Venture Exchange and signals ongoing investor support for Purebread’s geographic and operational expansion plans.

More about Purebread Brands

Purebread Brands Inc. is a fast-casual café and bakery operator based in British Columbia, focused on retail expansion in vibrant communities across Canada and internationally. The company emphasizes crafting high-quality food experiences while aiming to make a positive impact in the local markets it serves.

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