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An update from Rocky Mountain Chocolate Factory ( (RMCF) ) is now available.
Rocky Mountain Chocolate Factory Inc. has secured a new $6 million credit facility with RMC Credit Facility, LLC, associated with board member Steve Craig. The three-year loan, bearing 12% annual interest, will support the company’s strategic growth plans and operational investments. The proceeds have allowed the company to pay off existing debts to Wells Fargo and enhance liquidity for ongoing business needs. This financial move aims to position Rocky Mountain Chocolate Factory for sustained growth and profitability.
Find detailed analytics on RMCF stock on TipRanks’ Stock Analysis page.
