Alumina agrees to invest up to $6 mln in Naturally Splendid
Naturally Splendid Enterprises Ltd (TSX-V: NSP) has entered into a draw-down equity facility of up to $6 million with Alumina Partners, a U.S. private equity firm. The funds raised will be used by the company to back its acquisition of Canadian meal replacement products business Prosnack Natural Foods Inc, announced in August, and for working capital purposes. Vancouver-based Naturally Splendid is a biotechnology and consumer products company focused on developing and producing hemp-derived, bioactive ingredients, nutrient dense foods, and related goods. It is led by CEO Dave Eto.
16 October 2017•5 mins read
