Simply Better Brands (TSE:SBBC) has released an update.
Simply Better Brands Corp. has secured a new USD $5 million credit facility and issued CAD $3 million in secured promissory notes to bolster the expansion of its TRUBAR brand. The new credit line, which comes with a significantly lower interest rate than the company’s previous arrangement, is expected to support TRUBAR’s growth in various markets. The funds will also enable the repayment of higher-interest debt, improving the company’s financial position.
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