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An update from Fresh Factory B.C. Ltd. ( (TSE:FRSH) ) is now available.
The Fresh Factory B.C. Ltd. has closed a US$3 million non-brokered private placement through the sale of 26,087 proportionate voting shares at US$115 each, with proceeds earmarked for business growth, facility upgrades, and general corporate and working capital needs, pending final TSX Venture Exchange approval. The company also secured an increase in availability under its existing revolving asset-based credit facility with Mitsubishi HC Capital America Inc. from US$4 million to US$5 million, bolstering its liquidity to support expansion, while insider participation in the placement was conducted under exemptions to minority protection rules, underscoring internal confidence in the company’s strategy without materially affecting its market capitalization.
More about Fresh Factory B.C. Ltd.
The Fresh Factory B.C. Ltd. is a vertically integrated food and beverage company focused on fresh, clean-label, better-for-you brands. Operating from a manufacturing facility near Chicago, it owns or partners with emerging brands to develop, manufacture, and sell products made from fresh produce and recognizable ingredients, targeting the growing market for healthier, minimally processed foods and drinks.
Average Trading Volume: 9,573
Technical Sentiment Signal: Buy
Current Market Cap: C$71.71M
Learn more about FRSH stock on TipRanks’ Stock Analysis page.