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Yerbae Brands ( ($TSE:YERB.U) ) has shared an announcement.
Yerbaé Brands Corp. has secured a US$1,000,000 loan from Maximcash Solutions LLC to support its accounts payable and general working capital needs. The loan agreement includes a 43.26% annual interest rate, payable over twelve months, and is secured against the assets of its subsidiary, Yerbaé Brands Co. This financial move is significant for Yerbaé as it seeks to strengthen its operational capabilities and market position in the competitive energy beverage industry.
More about Yerbae Brands
Yerbaé Brands Corp. is a company specializing in plant-based energy beverages, offering products that are zero calorie, zero sugar, non-GMO, vegan, keto-friendly, paleo-approved, gluten-free, and diabetic-friendly. Founded in Scottsdale, AZ, in 2017, Yerbaé aims to disrupt the energy beverage market with its unique offerings.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.98M
See more data about YERB.U stock on TipRanks’ Stock Analysis page.