The latest announcement is out from Pool Safe ( (TSE:POOL) ).
Pool Safe Inc. announced that its subsidiary, 1974134 Ontario Inc., has secured a short-term promissory note of $300,000 with a 90-day term and an 8% annual interest rate. The funds will be used to boost inventory and component production, potentially enhancing the company’s operational capacity and market presence.
More about Pool Safe
Pool Safe Inc. designs, develops, and distributes the LounGenie, a multipurpose personal poolside attendant. The product is aimed at providing safety and convenience for guests at hotels, resorts, waterparks, and cruise ships, while also offering vendors opportunities to increase food and beverage sales and enhance customer service.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.81M
For a thorough assessment of POOL stock, go to TipRanks’ Stock Analysis page.