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Wednesday, November 28, 2018 10:16:55 AM
The investment from Carden was to grow TruFood and enter it into a rebranding phase, and then to franchise them out. I believe this is ongoing as Everett has mentioned the plans are in place and are currently being executed for a launch of TruFood in early 2019.
This new investment is good news for the company. Those concerned about the RS in order to raise capital for the costs of growing the business should be at ease now as funds are coming in through other areas than the S1.
Maybe a small RS is needed, however, the 0.01 threshold is now not needed with the injection of new cash.
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