Barfresh Food Group, Inc. announced that it expects to receive $4.1 million in funding from Unibel S.A.
February 12, 2018
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Barfresh Food Group, Inc. (OTCPK:BRFH) announced that it has entered into security purchase agreement for a private placement of convertible notes for the gross proceeds of $4.1 million from Unibel S.A. (ENXTPA:UNBL) on February 13, 2018. The notes carry interest rate of 10% per annum. The notes are convertible into common shares at $0.88 per share or a conversion price equal to 85% of the average closing bid prices of the common shares over twenty consecutive trading day period immediately preceding the payment date, but no lower than $0.60 per share.
Barfresh Food Group, Inc. is engaged in the manufacturing and distribution of ready-to-drink and ready-to-blend frozen beverages. Its portfolio of products includes smoothies, shakes and frappes. Its ready-to-drink smoothie, Twist & Go, is focused on the USDA national school meal program, including the school breakfast program, the national school lunch program and smart snacks in schoolsâ program. This sweet fruit and creamy yogurt smoothie contains four ounces of yogurt and a half-cup of fruit/fruit juice and comes in three different flavors: strawberry banana, peach and mango pineapple. Its bulk Easy Pour format, which contains all the ingredients necessary to make the beverage. Its single-serve format features portion-controlled and ready-to-blend beverage ingredient packs or beverage packs. The beverage packs contain all the ingredients necessary to make the beverage, including the base, real fruit pieces, juices and ice-five ounces of water are added before blending.
BARFRESH FOOD GROUP, INC. 
