![]() ![]() Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including, without limitation, the intended use of proceeds therefrom. This news release contains forward-looking statements relating to the Company. All Yerbaé energy beverages are zero calorie, zero sugar, non‐GMO, and gluten free.ĭisclaimer for Forward-Looking Information Harnessing the power of nature, Yerbaé’s celebrity ingredient, Yerba Mate, contains caffeine and has 196 active compounds, including vitamins, minerals and nutrients.īy combining Yerba Mate, a South American herb with its premium ingredients and flavors, Yerbaé provides consumers with a no compromise energy solution. The Debt Facility is secured by a security interest in all assets of Yerbaé, including a first security interest in Yerbaé’s accounts receivable and inventory.įounded in 2017 by Todd Gibson and Karrie Gibson, Yerbaé Brands Corp., (TSXV: YERB.U) is disrupting the energy beverage marketplace with great tasting, zero sugar, zero calorie beverages, while using plant‐based ingredients that are designed to meet the needs of the wellness forward consumer. It will also be used to support the Company’s ongoing operations and working capital requirements. The Debt Facility will be used to fund the Company’s growth initiatives, including investments in product innovation, marketing, and distribution. ![]() “We’re looking forward to working closely with Oxford Bank as we execute our growth strategy and drive value for our shareholders.” “We’re excited to have secured this new Debt Facility from Oxford Bank, as it will allow us to accelerate our growth plans and continue providing our customers with the best possible healthy energy beverage solutions,” said Bill Finn, CFO of Yerbaé. The Debt Facility is structured as a revolving line of credit, which means that the Company can draw down funds as needed, and only pay interest on the amount borrowed. We see this new Debt Facility as a testament to our growth potential.” “This facility will provide us with additional financial resources to help expand our product line, reach more customers and continue to deliver healthy alternative energy solutions. ![]() “We are delighted to have secured this new Debt Facility from Oxford Bank,” said Todd Gibson, CEO of Yerbaé. The Debt Facility replaces the Company’s prior credit agreement and is an upgrade to bank debt, and will help the Company fuel its growth and support its ongoing operations. (the “ Company” or “ Yerbaé”) announces today that it has secured a new accounts receivable and inventory line of credit of US$2,500,000 (the “ Debt Facility”) from Oxford Commercial Finance, a Michigan banking corporation (“ Oxford Bank”), through its Delaware subsidiary Yerbaé LLC. SCOTTSDALE, Ariz.-( BUSINESS WIRE)-Yerbaé Brands Corp. ![]()
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