Forbidden Foods Ltd (AU:FFF) has released an update.
Forbidden Foods Ltd is set to bolster its financial position through a strategic $0.6 million capital raise, offering shares at a significant premium. The new funds will enhance sales and brand awareness for its Blue Dinosaur product line, and further strengthen inventory to meet anticipated demand, following a beneficial manufacturing partnership with Edenvale Foods. This capital injection promises to expand the company’s sales profile and improve profitability margins.
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