CANADA: Share sale gives Clearly Canadian cash boost
Clearly Canadian has raised more cash for marketing investment after selling a tranche of shares in the company.
The Canadian soft drinks group said yesterday (5 September) that it has sold over 333,000 shares in the company to local investors Pinetree Capital for US$1m.
Clearly Canadian president Brent Lokash said: "This financing will further assist our efforts to market our current and future beverage products and continue to re-establish the brand name Clearly Canadian."
The company is looking to build on its progress in the last six months, which has seen it clear its debts and revamp a number of key products with notable success.
It plans to launch two new products this autumn and is also looking to boost its presence in the US, a market that already accounts for three-quarters of Clearly Canadian's business.
Clearly Canadian has launched a private placement to help fund an acquisition....
Clearly Canadian has added three extra distributors to increase its US footprint....
A clearly busy Clearly Canadian has struck yet another distribution deal in the US....
Clearly Canadian has brought in a former Pepsi-QTG manager to direct overall sales and marketing strategy....
Clearly Canadian has signed a distribution agreement with Big Geyser for the state of New York....
Clearly Canadian Beverage Corporation has unveiled a new line in non-carbonated waters....
Clearly Canadian has secured a distribution deal in the US state of Michigan....
Clearly Canadian has realigned its distribution network in the US....
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