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Fresh Factory B.C. Ltd. ( (TSE:FRSH) ) has provided an update.
The Fresh Factory B.C. Ltd. announced a US$3 million non-brokered private placement to fund business growth, facility upgrades, and general corporate purposes. This move is expected to enhance the company’s operations and strengthen its market position in the plant-based food and beverage industry. The offering involves the issuance of proportionate voting shares, with certain conversion restrictions to maintain the company’s status as a foreign private issuer.
More about Fresh Factory B.C. Ltd.
The Fresh Factory B.C. Ltd. is a vertically integrated company focused on accelerating the growth of fresh, clean-label, plant-based food and beverage brands. It partners with emerging brands to develop, manufacture, and sell products made from fresh produce and recognizable ingredients. Operating from a manufacturing facility near Chicago, the company serves customers across the United States and is committed to ESG principles, aiming to positively impact the environment and local communities.
Average Trading Volume: 9,832
Technical Sentiment Signal: Buy
Current Market Cap: C$67.29M
For detailed information about FRSH stock, go to TipRanks’ Stock Analysis page.