Lark Distilling Co. Ltd. (AU:LRK) has released an update.
Lark Distilling Co. Ltd. has announced a strategic partnership with Seppeltsfield Wines, ensuring exclusive access to high-quality barrels essential for whisky production, a key to competitive advantage. The company is also undertaking an equity raise of approximately $22.5 million to fund brand and facility investments aimed at boosting export strategy and accelerating growth. These financial moves are set to position Lark strongly in the market with anticipated positive operating cashflows by FY27.
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