Freshlocal Announces Second and Final Closing of its $13.9 Million Private Placement
Summary
The Company intends to use the net proceeds of the Private Placement for working capital, repayment of debt and/or general corporate purposes. The Company operates two primary businesses, FoodX and eGrocery, both of which support its corporate mission to innovate food systems for people, planet and prosperity. The FoodX eGMS is the culmination of over 20 years of experience in online grocery and the Companys proven track record of delivering efficiently, sustainably and profitably. Freshlocal Solutions serves the main urban markets in Alberta and British Columbia through its brick and mortar store locations operating under the Blush Lane and Be Fresh banners, as well as through SPUD.ca which is the Companys award-winning online eGrocery platform. No assurance can be given that any events anticipated by the forward–looking statements or information will transpire or occur, including, but not limited to the use of proceeds of the Private Placement.