Simply Better Brands (TSE:SBBC) has released an update.
Simply Better Brands Corp. has secured a $5 million credit facility with a major Canadian bank to support the growth of its subsidiary TRU Brands Inc. This financial move is set to significantly cut the cost of capital for the company, from an average of 15% to around 3.5-4% per annum, enhancing their ability to expand TRUBAR sales in North America and internationally. The strategic partnership marks a notable step in the company’s efforts to cater to health-conscious consumers in the plant-based and natural food sectors.
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