CULT Food Science Secures Financing via Debenture Units

Cult Food Science Corp. (TSE:CULT) has released an update.

CULT Food Science Corp. has successfully secured $375,000 through a private placement of convertible debenture units, with Plaza Capital as the lead investor. This financing involves debentures convertible into common shares and warrants, allowing investors to participate in the company’s future growth. The debentures offer a 12% annual interest rate, adding an attractive feature for potential investors.

For further insights into TSE:CULT stock, check out TipRanks’ Stock Analysis page.