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bettermoo(d) Food Corporation (CSE:MOOO, OTCQB:MOOOF) announces a non-brokered private placement aiming to raise up to $3,000,000 by issuing up to 9,090,909 units at $0.33 per unit. Each unit comprises one common share and one warrant, allowing the purchase of additional shares at $0.41 each for 24 months. The company may compensate finders with fees or warrants. All issued securities will have a four-month statutory hold period. The funds are expected to support the company’s growth strategies within the beverage sector.
bettermoo(d) Food Corporation has acquired an 80% equity interest in Bella's Organic GmbH for C$500,000, marking its second major acquisition in seven months. Bella's, known for its award-winning vegan cheese, will provide bettermoo(d) with access to European markets and new revenue streams. The acquisition includes ten varieties of cheese alternatives, which will be rebranded and reformulated. This move aligns with the growing demand for plant-based products and positions bettermoo(d) as a leader in the sector, tapping into a vegan cheese market projected to grow significantly in the coming years.
bettermoo(d) Food Corporation has requested a trading halt for its common shares on the Canadian Securities Exchange effective June 15, 2022. This action is intended to facilitate an orderly announcement regarding a significant transaction involving the company. Trading is expected to resume shortly after the announcement. bettermoo(d) Food focuses on innovative beverage solutions using online and in-store retail, along with social media for customer engagement. The company emphasizes pioneering beverage technologies.
bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF) is engaging with major retailers in Canada and the U.S. ahead of the launch of its dairy alternative product, Moodrink, slated for this summer. The company aims to secure orders to meet production demands and establish a significant retail presence. The $3.5 billion North American dairy alternatives market is projected to grow to $7.25 billion by 2026, providing a favorable backdrop. CEO Nima Bahrami expresses optimism over retailer feedback and plans for an update soon.
bettermoo(d) Food Corporation (CSE:MOOO, OTCQB:MOOOF) is negotiating to acquire a European dairy alternative company, aiming to introduce its plant-based dairy products in Europe this summer. This acquisition targets the lucrative German market, where 10% of consumers are plant-based eaters. With the plant-based milk market in Germany projected to grow from $187 million in 2020 to $326 million by 2026, bettermoo(d) anticipates significant growth potential. This marks the company's first entry into Europe, aligning with the continent's increasing demand for vegan products.
bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF) announced significant consumer interest for its dairy alternative, Moodrink, with over 24,193 online reservations. This demonstrates a strong market demand beyond vegan consumers. The commercial launch is imminent, and the company anticipates converting many subscribers into repeat customers. Additionally, bettermoo(d) received positive feedback at the Vancouver's Planted Expo, signifying a favorable outlook for both the Moodrink and future product launches in Canada and beyond.
bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF) has completed successful trial production of its dairy alternative beverage, Moodrink, and is set for commercial production beginning in July 2022. After confirming nutritional consistency across multiple formulations, the company aims to engage retailers for distribution. The product will use a unique aseptic packaging technology ensuring safety and shelf stability for up to one year. bettermoo(d) will showcase samples at the Vancouver Planted Expo 2022 on June 4-5.