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Simply Better Brands announces a new partnership with BMO and closing of USD $10 million credit facility to support the future growth of TruBar™

Dec 02, 2024•over 1 year ago

Contract Type

partnership

VancouverE Commerce

Description

Simply Better Brands has announced a new partnership with BMO (Bank of Montreal) and the closing of a USD $10 million credit facility to support the future growth of TruBar™, indicating a strategic move to enhance the brand's expansion and development.

Company Information

Company

Simply Better Brands

Location

Vancouver, British Columbia, Canada

About

Simply Better Brands is an omni-channel platform with disruptive brands in the emerging plant-based, holistic wellness and lifestyle consumer product categories. We are focused on leading innovation for the informed Millennial and Gen Z generations in the rapidly growing plant-based, natural, and active lifestyle space.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months