The Fresh Factory Secures US$3 Million Through Private Placement

The Fresh Factory B.C. Ltd. has completed a non-brokered private placement, raising approximately US$3 million. This follows their announcement on February 24, 2025, about selling 33,333 proportionate voting shares at US$90.00 each. The company, trading on TSXV under "FRSH," plans to use the funds for business growth, facility upgrades, and working capital.

The shares come with a conversion option to subordinate voting shares under certain conditions, ensuring the company maintains its "foreign private issuer" status. Participation by company insiders in the offering required no formal valuation due to market capitalization limits. Final approval from the TSX Venture Exchange is pending. This placement represents a strategic move for Fresh Factory's expansion and operational enhancement.