- The Sustainable Nutrition Group (TSN) enters a trading halt as it plans an upcoming capital raise
- It is currently not known how much the company is planning to raise or where the funds will be spent
- Under the halt, company shares will be paused until Friday, December 17, or when further details about the raise is released to the market
- On the market, TSN last traded at 24.5 cents per share
The Sustainable Nutrition Group (TSN) has entered a trading halt as it plans an upcoming capital raise.
So far, there is no details about how much the company is aiming to raise and where the funds will be spent.
The halt means company shares will be paused until Friday, December 17, or when further details about the raise is released to the market.
Sustainable Nutrition is an Australian-based health and wellness company and is focused on sustainable nutrition.
Recently, the company signed an agreement with Australian Plant Proteins (APP) to develop a hemp concentrate and isolate for the plant protein market.
APP is a premium plant-based powder processing, packaging and distribution business with facilities in Victoria.
Under the agreement, in the first quarter of 2022, TSN will invest in developing a hemp concentrate and isolate using APP’s protein isolate factional facility.
TSN will own this intellectual property for the unique product and have 15-year exclusivity on its sale.
On the market, TSN last traded at 24.5 cents per share.