love good fats™ Readies for US National Store Launch with Successful Close of $5 Million Equity Raise
Costco Wholesale Corporation (COST)
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Source: PR Web
TORONTO (PRWEB) December 12, 2018 As demand for healthy fat-fuelled, keto-friendly snacks continues to grow across North America, The Good Fat Co. Ltd. announced that it has closed a successful common share funding round at $5 million to support its launch into the United States. This brings its total equity raise to date to $9.4 million. This funding enables the brand to aggressively penetrate the US market.Six flavours of love good fats™ bars are available in more than 2500 doors across Canada and, according to sales data and retailer feedback, they are the #1 and #2 best-selling SKU's in many stores. The brand has grown its revenue by more than 5400% year-over-year. As of January 21st, 2019, love good fats bars will be available in all 450 Whole Foods stores in the US – unprecedented national retail distribution for a new brand, which would typically be given a smaller number of test stores. "I'm passionate about changing the way we eat. My bars are based on the latest science th
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