Blender Bites Secures Bridge Facility and Engages Bunt Capital
Vancouver, British Columbia -- March 26, 2025 -- NewsGenie -- Blender Bites Ltd. (CSE: BITE, FWB: JL4, WKN: A3DMEJ), a Canadian frozen functional food and beverage company, has secured a $500,000 Bridge Facility from Export Development Canada (EDC) in addition to their existing $2,000,000 facility loan. This bridge facility is repayable on demand and will mature upon the sale of company shares or 90 days from the advance date.
The company also announced the resignation of Mr. Grant Smith from its Board of Directors, effective March 20, 2025. The Board expressed gratitude for his contributions.
Furthermore, Blender Bites has engaged Bunt Capital Corporation for mergers and acquisitions (M&A) consulting services. In compensation, Bunt Capital will receive 25,000 stock options and 95,000 restricted share units under the company's equity incentive plan.
Blender Bites, founded in 2017, specializes in premium frozen beverage products with a focus on functionality and convenience. Their pre-portioned smoothies and frappes are certified organic, non-GMO, gluten-free, dairy-free, and soy-free. They are sold in over 7000 stores across Canada and the US, including major retailers like Walmart and Whole Foods.
Chelsie Hodge, CEO of Blender Bites, can be contacted at chelsie@blenderbites.com or 236-521-0626. For investor inquiries, contact investors@blenderbites.com or 1-888-997-2055. Media inquiries can be directed to teamblenderbites@jonesworks.com.