bettermoo(d) Food Corporation to Raise Up to $10,000,000 for Upcoming Product Launch of Moodrink

Strategic Insights -

Vancouver, BC-based bettermoo(d) Food Corporation is gearing up for its innovative entry into the dairy-alternative market with the launch of its debut product, Moodrink, set for September. The company aims to capitalize on the growing demand for plant-based dairy alternatives with its unique approach, emulating the taste of traditional milk from the Alps regions of Switzerland, France, and Austria. bettermoo(d) plans to utilize the funds raised to promote the Moodrink through an advertising campaign, targeting the West Coast of Canada as a potential proof-of-concept for the global market.

Key Takeaways:

  • bettermoo(d) Food Corporation plans to raise up to $10,000,000 through a non-brokered private placement at $6.80 per unit, with each unit consisting of one common share and one common share purchase warrant exercisable at $9.80 per share for a period of 24 months.
  • The company aims to utilize the majority of the funds for an advertising campaign promoting the Moodrink to the market.
  • bettermoo(d) plans to launch its debut product, Moodrink, in September.
  • The company has already secured over 20,000 local retail sample orders and has a unique branding and concept that sets it apart in the dairy-alternative sector.
  • bettermoo(d) has secured over $7 million in funding since its inception and has brought on international Canadian music legend Bryan Adams as a founding member.
  • The company aims to become a leading market player in the industry, driven by its commitment to creating significant shareholder value and better products for consumers.

Statistics:

  • Up to $10,000,000 to be raised through a non-brokered private placement.
  • $6.80 per unit, with each unit comprising one common share and one common share purchase warrant exercisable at $9.80 per share for a period of 24 months.
  • 20,000 local retail sample orders secured.
  • Over $7 million in funding secured since inception.
  • 1,470,588 units available for sale in the private placement.
  • 24-month exercise period for warrants.

Sources:

  • "bettermood-to-Raise-10000000-at-680-per-Unit-Eying-September-Moodrink-launch-and-Promotes-Former-Coca-Cola-Subsidiary-CEO-to-Chairman-and-bettermood-Founder-Nima-Bahrami-as-Companys-New-CEO"

https://www.accesswire.com/753257/bettermood-to-Raise-10000000-at-680-per-Unit-Eying-September-Moodrink-launch-and-Promotes-Former-Coca-Cola-Subsidiary-CEO-to-Chairman-and-bettermood-Founder-Nima-Bahrami-as-Companys-New-CEO