Fiji Kava Limited Announces $2M Capital Raise

Fiji Kava Limited (AU:CCO) has released an update.

The Calmer Co. International Limited, a key player in the health and wellness industry with a focus on kava products, has announced a one for three renounceable rights issue to raise approximately $2 million. The offer, priced at an attractive 0.4 cents per share, enables shareholders to acquire additional shares at a discount and comes with the potential for trading rights and applying for extra shares and options. The capital raised will be directed towards upgrading the company’s processing facilities in Fiji, expanding inventory, and intensifying marketing efforts in Australia and the USA.

For further insights into AU:CCO stock, check out TipRanks’ Stock Analysis page.

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