Me Today Limited, a health and wellness company, has reported its unaudited group results for the twelve months ended 31st March 2022, detailing net sales of $7.22m and an operating loss of $5.89m.
The total net loss for the year is $17.81m, including non-cash impairment of $9.9m of the Goodwill recognised on acquisition of the King Honey business.
To enable continued investment in brands, the company is undertaking a pro rata capital raise of up to $10m through a rights issue of 1.3 new shares for every one share existing held at an issue price of 1 cent per new share, with record date and further details to be communicated to the market prior to 6 June 2022.
The group has opportunities in health and wellness categories including Manuka Honey, Supplements, and Skincare, and is expanding internationally with products available in New Zealand, Australia, Japan, Ireland, and the United Kingdom.
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