Welcome to our dedicated page for Forte Group news (Ticker: FGHFF), a resource for investors and traders seeking the latest updates and insights on Forte Group stock.
News about Forte Group Holdings Inc. (FGHFF) centers on its development as a next-generation beverage and nutraceutical company focused on longevity and human performance. Company news releases highlight strategic branding, product launches, manufacturing milestones, and capital structure initiatives that shape its role in the non-alcoholic beverage and nutraceutical space.
Recent announcements describe a corporate and branded product transformation to VANTA, including a planned name change to Vanta Holdings Inc. and a unified VANTA wellness platform. News coverage explains how this rebrand is intended to bring together functional beverages and longevity-focused nutraceuticals under a single identity, including products such as VANTA Blackwater and mineral-based nutraceutical formulations. Updates also discuss a confirmed effective date for the name change on the Canadian Securities Exchange and a 10-for-1 share consolidation designed to align the company’s capital markets profile with its long-term objectives.
Operational news includes the issuance of a Liquor Co-Packing Licence to subsidiary Naturo Group Enterprises Inc., authorizing liquor co-packing activities within a designated area of the company’s 40,000-square-foot facility near Osoyoos, British Columbia. This development is reported as expanding the range of permitted manufacturing activities while maintaining a core focus on non-alcoholic beverages and nutraceutical products.
Other news items detail financing and balance sheet initiatives, such as private placements, debt settlements, convertible loans, and warrant amendments. These disclosures explain how the company seeks to strengthen its financial position and adjust its capital structure. For investors and followers of FGHFF, this news page provides an organized view of corporate rebranding steps, product platform evolution, manufacturing capabilities, and capital markets activity. Users can review these updates to understand how Forte Group’s strategy in functional beverages and nutraceuticals is being implemented over time.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has appointed Dallas Pretty, CPA, CA, as its new Chief Financial Officer and Corporate Secretary, effective February 4, 2025. Pretty replaces John Campbell, who has resigned from his positions as Chief Financial Officer, Chief Strategy Officer, and Corporate Secretary but will remain on the company's board of directors.
Pretty brings over 20 years of expertise in finance and management across public and private companies. He is a graduate of Simon Fraser University and previously served as a manager in the audit and advisory services group at KPMG LLP. His experience includes operations, strategic business development, mergers and acquisitions, public and private financing, financial reporting, human resources, and facilities management. He is also the founder of Black Tusk Advisory Services.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced a non-brokered private placement financing, planning to issue 625,000 common shares at $0.60 per share to raise aggregate gross proceeds of up to $375,000. The shares will have a statutory hold period of four months and one day from issuance.
The company plans to use the proceeds for general working capital and outstanding payables. The closing is expected around February 3, 2025. Company insiders may participate in the placement, which falls under MI 61-101 regulations, with exemptions from formal valuation and minority shareholder approval requirements as insider participation won't exceed 25% of market capitalization. No finder's fees are associated with this placement.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced its engagement with a corporate awareness provider to enhance market visibility and expand its shareholder base in the health and wellness sectors. The company, known for products like TRACE BLACKwater and nutraceuticals, has partnered with Aktiencheck.de AG for a European marketing awareness program.
The two-month engagement, valued at €50,000 (CAD$73,800), includes editorial content distribution, email marketing campaigns, search engine marketing, and native advertising. A specialized German social media campaign will target financial investors through various platforms. CEO Marcello Leone emphasized the company's mission to enhance consumer health through innovative lifestyle and wellness products.
Aktiencheck, led by Stefan Lindam, operates independently from Forte Group and has not received any stock options. The firm and its principals do not currently own any shares or securities in the company.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced strategic initiatives to strengthen its balance sheet, including refinancing of its subsidiary Naturo Group's second mortgage and conversion of debt into equity. The company refinanced its second mortgage on December 19, 2024, increasing the principal from $1.1M to $1.4M with a 14% annual interest rate for the first year, rising to 23% thereafter.
The company plans to convert $200,000 in secured promissory notes and $100,000 in second mortgage into common shares at $0.48 per share, resulting in 624,999 new shares. Between December 2023 and May 2024, Naturo Group raised $1.38M through promissory notes, of which $397,064.70 has already been converted to shares. With the anticipated closing of the new debt-to-equity conversion on January 17, 2025, total promissory note reductions will reach $597,064.70, leaving approximately $785,000 outstanding.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has appointed Davidson & Company LLP as its new auditor effective November 15, 2024, replacing GreenGrowth CPAs Inc. The change was approved by the Company's Audit Committee and Board of Directors. The Former Auditor's reports had no reservations for any financial period, and there were no reportable events or disagreements between the parties. Howard Blank has been appointed as Chair of the Audit Committee, which includes Richard Coleman and John Campbell.
Forte Group Holdings has announced the formation of a new wholly-owned subsidiary, Forte Group Entertainment, effective November 1, 2024. This strategic move aims to expand brand partnership opportunities across the company's portfolio, including TRACE BLACKwater and nutraceutical brands. The subsidiary will focus on pursuing collaborations with brand spokespersons and synergistic partnerships. Additionally, the company has converted a secured promissory note of $47,064.70 from Naturo Group Enterprises into 90,508 common shares at $0.52 per share, improving its financial stability by reducing outstanding debt.
Forte Group Holdings has entered into a Master Distribution Agreement with Hong Kong-based Animal Spirits for distribution of TRACE BLACKwater and nutraceutical products across Asia (including India and Middle East) and the United States. The five-year agreement requires Animal Spirits to purchase a minimum of USD $2 million worth of products in the first 12 months. This partnership complements Forte's existing alliance with Rocky Mountain in China, which has submitted CAD $3.5 million in purchase orders. The company owns a natural alkaline spring aquifer and a 40,000-square-foot Health Canada-certified facility. Additionally, Forte Group announced its OTC trading symbol change to FGHFF and plans to convert $47,064.70 in promissory notes into shares.