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Fresh Factory B.C. Ltd. ( (TSE:FRSH) ) has provided an update.
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, with net proceeds earmarked for business growth, facility upgrades, and general corporate and working capital needs, pending final TSX Venture Exchange approval. Certain company directors participated in the financing under related-party transaction exemptions, and the company also secured an increase in borrowing capacity under its existing revolving asset-based credit facility with Mitsubishi HC Capital America Inc. from US$4 million to US$5 million, bolstering liquidity to support expansion and operational flexibility.
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, premium food and beverage offerings.
Average Trading Volume: 9,573
Technical Sentiment Signal: Buy
Current Market Cap: C$71.71M
For a thorough assessment of FRSH stock, go to TipRanks’ Stock Analysis page.