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Fiji Kava Limited ( (AU:CCO) ) has issued an announcement.
The Calmer Co. International Limited has successfully completed its renounceable rights issue, raising $1,000,713 before costs. This capital will be allocated towards capital expenditure, inventory expansion, marketing, brand promotion, and general working capital. The company’s directors and management have shown strong commitment by participating in the rights issue, reflecting confidence in the company’s future. The issuance of new shares and options is scheduled for May 16, 2025, with Mahe Capital Pty Ltd acting as the lead manager and underwriter.
More about Fiji Kava Limited
The Calmer Co. International Limited (ASX:CCO) is a fast-growing beverage business focusing on kava and other natural products that serve as alternatives to alcohol and aid in relaxation and sleep. Their products, including drinking powders, kava shots, concentrates, and capsules, are marketed under brands like Fiji Kava, Taki Mai, and Danodan Hempworks, and are distributed globally through e-commerce and retail partners in markets such as the USA, Australia, New Zealand, China, and the Pacific Islands.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.85M
See more insights into CCO stock on TipRanks’ Stock Analysis page.