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The latest announcement is out from Fiji Kava Limited ( (AU:CCO) ).
The Calmer Co. International Limited has secured $1.4 million through a convertible note raise, with the first tranche of $700,000 already committed. This funding will be used to build inventory and support working capital as the company continues its growth trajectory, particularly in the US market where it has seen a 21% increase in revenue. The involvement of Applied Food Sciences as a strategic investor underscores confidence in The Calmer Co.’s expansion strategy, especially in the wholesale channel, and aligns with its goal of building a global platform for its nutraceutical business.
More about Fiji Kava Limited
The Calmer Co. International Limited is a consumer packaged goods company that specializes in kava and other natural products aimed at promoting relaxation, sleep support, and offering healthier alternatives to alcohol. The company is focused on expanding its market presence internationally, particularly in the US, and is committed to growing its footprint in the nutraceutical industry.
Technical Sentiment Signal: Sell
Current Market Cap: A$12.05M
For an in-depth examination of CCO stock, go to TipRanks’ Overview page.