Forbidden foods raises $600k

The company raised $0.6 million by issuing new shares at a 27.4% premium.

This was taken about 8:30 in the morning on Dec 17 2017 - we were on a group workout of our triathlon team. The sun and the weather was great. It’s a long path along the coast of Baltic Sea in the city of Gdynia.

Forbidden Foods Limited has announced a strategic share placement aimed at raising $0.6 million by issuing new shares at a 27.4% premium, with the funds intended to strengthen the balance sheet, accelerate sales and brand awareness, and build inventory to meet future demand.

This capital raise is part of a broader growth strategy that includes a recent manufacturing partnership with Edenvale Foods to reduce costs and increase production capacity, alongside targeted marketing efforts to expand sales and margins.