$FORZ huge funding news out for the company: SAN
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The majority of these funds will be allocated to the Company's subsidiary, Sustainable Origins to continue their growth and foster additional successful partnerships. The Company firmly believes this is a best use of these funds based on the outstanding track record of its subsidiary.
Forza Innovations CEO Johnny Forzani is visiting Sustainable Origins' Charlotte, NC operations this week to get updates on the subsidiary's progress. Both the parent company and Sustainable Origins have been experiencing steady growth based on a template developed at Mr. Forzani's previous successful companies. Devoting this round of funding to Sustainable Origins is justified by the steady cash flow that it has generated by their innovation and growth in the Biodiesel industry.
Quote from Forza Innovations CEO Johnny Forzani on his reaction to this success, "I am pleased, and as always grateful, to announce that we have secured this round of financing. Thanks to Patrick Hassani at Mast Hill for believing in us and seeing our vision. Now it is time to deliver. A good portion of this tranche will be dedicated to the continued growth of Sustainable Origins. This capital will immediately boost operations and sales, ultimately, making the company more profitable.
I am pumped to make my 1st official trip to North Carolina this week. Our operations there have grown, and there are meetings lined up that can be a total game changer for both Sustainable Origins and Forza Innovations. Stay tuned! "
Further details of the financing, including the financing documents can be found in a Form 8-K that the Company filed with the SEC on September 29, 2022.
https://finance.yahoo.com/news/forza-innovati...;tsrc=twtr via @YahooFinance
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