Forbidden Foods Secures AU$1 million to Drive Sales Growth and Expansion

Forbidden Foods Ltd (ASX: FFF) has secured firm commitments from investors to raise AU$1 million through a share placement at AU$0.007 per share. Funds will primarily be used to increase inventory for its Blue Dinosaur and Oat Milk Goodness (OMG) product lines to meet rising demand. The capital will also support sales, marketing, and operational costs.

The placement follows strong Q2 FY25 performance, with net sales of AU$1.17 million—up 104% from the previous quarter—and a 55% rise in cash receipts. E-commerce sales for Blue Dinosaur surged 94% year-on-year. CEO Alex Aleksic expressed confidence in the company’s growth trajectory, highlighting ongoing discussions for additional product-stocking agreements.

Placement participants will receive one free attaching option for every two shares, exercisable at 1.5 cents until October 2027. JP Equity Partners and GBA Capital acted as joint lead managers.

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