Simply Better Brands Snags $5M Credit Boost
Company Announcements

Simply Better Brands Snags $5M Credit Boost

Simply Better Brands (TSE:SBBC) has released an update.

Simply Better Brands Corp. has secured a $5 million credit facility with a major Canadian bank to support the growth of its subsidiary TRU Brands Inc. This financial move is set to significantly cut the cost of capital for the company, from an average of 15% to around 3.5-4% per annum, enhancing their ability to expand TRUBAR sales in North America and internationally. The strategic partnership marks a notable step in the company’s efforts to cater to health-conscious consumers in the plant-based and natural food sectors.

For further insights into TSE:SBBC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSimply Better Brands Expands TRUBAR Distribution
TipRanks Canadian Auto-Generated NewsdeskSimply Better Brands Strengthens Market Position
TipRanks Canadian Auto-Generated NewsdeskSimply Better Brands Expands TRUBAR™ to Walmart Canada
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