Blender Bites Announces $2 Million Loan from Export Development Canada
VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the “Company” or “Blender Bites”) (CSE: BITE, FWB: JL4, WKN: A3DMEJ) is pleased to announce that further to its November 9, 2023 press release, its operating subsidiary, Blender Bites (Holdings) Limited, has entered into a definitive agreement with Export Development Canada (“EDC”) for a term loan credit facility of up to $2,000,000 (the “Facility”).
- VANCOUVER, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the “Company” or “Blender Bites”) (CSE: BITE, FWB: JL4, WKN: A3DMEJ) is pleased to announce that further to its November 9, 2023 press release, its operating subsidiary, Blender Bites (Holdings) Limited, has entered into a definitive agreement with Export Development Canada (“EDC”) for a term loan credit facility of up to $2,000,000 (the “Facility”).
- “Our expansion into the U.S. market has been instrumental in the Company’s growth, and provides a solid foundation for our long-term success.
- The Facility is available in three drawdowns within the next six-months, with interest only payments for the first 12-months.
- The Facility is secured by a security interest over the assets of Blender Bites (Holdings) Ltd. and is guaranteed by the Company and Blender Bites US Ltd.