The Fresh Factory Secures US$3 Million Funding Through Private Placement

The Fresh Factory B.C. Ltd., a company focused on fresh, clean-label food and beverage brands, announced it plans a non-brokered private placement to raise approximately US$3 million. This funding, through issuing up to 33,333 proportionate voting shares at US$90 each, will support business growth, facility upgrades, and general corporate needs.

The transaction is expected to close around March 10, 2025, pending regulatory approvals, including that of the TSX Venture Exchange. The placed shares come with the potential to convert into subordinate voting shares, with certain restrictions to maintain the company's status as a foreign private issuer.

Notably, these shares will not list on any exchange, and their sale in the U.S. is restricted by the United States Securities Act of 1933. This initiative reflects The Fresh Factory's commitment to advancing its mission of developing sustainable, health-focused food solutions.