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Fiji Kava Limited ( (AU:CCO) ) has issued an announcement.
The Calmer Co. International Limited has issued 47 million fully paid ordinary shares as part of its share plan, without requiring disclosure to investors under specific provisions of the Corporations Act 2001. This strategic move, authorized by the company’s Board of Directors, aligns with regulatory compliance and suggests a potential strengthening of the company’s financial position, impacting its market operations and stakeholder interests.
More about Fiji Kava Limited
The Calmer Co. International Limited, trading under the ASX symbol CCO, specializes in natural products aimed at calming nerves, supporting mind and muscle relaxation, and inducing sleep. Their product offerings include drinking powders, teas, shots, concentrates, and capsules, marketed under brands like Fiji Kava, Taki Mai, and Danodan Hempworks. The company operates in markets such as the USA, Australia, China, New Zealand, and Fiji, and also distributes Leilo kava drinks in the Fiji Islands.
Technical Sentiment Signal: Sell
Current Market Cap: A$12.05M
For a thorough assessment of CCO stock, go to TipRanks’ Stock Analysis page.