IFabric Corp Secures New $2.5 Million Trade Finance Facility

iFabric Corp, based in Markham, Ontario, has announced a new $2.5 million trade finance facility with Ebury Partners Canada Ltd. This facility is unsecured and aims to provide financial flexibility for future growth. iFabric plans to leverage Ebury's foreign exchange expertise to manage ongoing currency risks more effectively.

This new facility complements iFabric's existing secured credit line of up to $12 million. Management believes that together, these resources will support sales growth objectives. CFO Hilton Price expressed satisfaction with the agreement, highlighting its role in financing new revenues from recent initiatives and mitigating currency risks.

iFabric is listed on the TSX and operates through subsidiaries Intelligent Fabric Technologies and Coconut Grove Pads, focusing on high-performance apparel and intimate accessories, respectively.