Republic Business Credit Provides $5 Million Asset-Based Loan for Chicago-based Modern Sprout [Yahoo! Finance]
Container Store (The) (TCS)
Last container store (the) earnings: 2/4 04:05 pm
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Source: Yahoo! Finance
CHICAGO Feb. 28, 2024 /PRNewswire-PRWeb/ -- When Modern Sprout outgrew its current lender, the Chicago -based Garden design shop and manufacturer planted new roots with Republic Business Credit to secure a $5 million asset-based loan at the close of 2023. Modern Sprout is a fast-growing innovator in the "grow-your-own" movement, combining hydroponic growing technology with sleek, stylish and sustainable indoor and outdoor garden solutions. Its product portfolio consists of grow kits for everything from kitchen herbs to natural pet treats. They also offer stylish grow lights gift-ready seed starting kits plant accessories and more. Modern Sprout sells direct-to-consumer and has partnerships with a range of businesses from standalone neighborhood boutiques to national retailers, such as Target and Kohls. In 2023, Modern Sprout learned that its current lending partner would not be able to support the company's future growth plans. It needed a new partner that could not only accelera
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TCS
Earnings
- 2/6/24 - Beat
TCS
Sec Filings
- 3/29/24 - Form 4/A
- 3/29/24 - Form 4/A
- 3/29/24 - Form 4/A
- TCS's page on the SEC website