Welcome to our dedicated page for Forte Group news (Ticker: FGHFF), a resource for investors and traders seeking the latest updates and insights on Forte Group stock.
Forte Group Holdings Inc. (FGHFF) is a leading developer of functional beverages and nutraceutical supplements, operating at the intersection of wellness innovation and sustainable manufacturing. This page serves as the definitive source for verified news and official announcements related to the company’s strategic initiatives, financial performance, and market expansion efforts.
Investors and industry stakeholders will find timely updates on earnings reports, product launches, regulatory milestones, and partnership developments. Our curated news collection prioritizes accuracy and relevance, offering insights into Forte Group’s operations across its Health Canada-certified manufacturing facilities and global distribution networks.
The page features comprehensive coverage of key business areas including new market entries, e-commerce advancements, and innovations in alkaline beverage formulations. All content is rigorously verified to ensure alignment with financial reporting standards and industry best practices.
Bookmark this resource for direct access to Forte Group’s latest developments in the competitive consumer packaged goods sector. Regular updates provide stakeholders with essential information to track the company’s progress in meeting evolving wellness demands through its TRACE brand products and strategic alliances.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has completed a strategic debt settlement initiative to strengthen its financial position. The lifestyle and wellness consumer packaged goods company has converted debts totaling $546,695 into common shares at $0.375 per share, resulting in the issuance of 1,457,852 new common shares.
The newly issued shares are subject to a restricted period until August 22, 2025. This debt-to-equity conversion was executed with arm's length holders as part of the company's ongoing efforts to improve its balance sheet, following an earlier announcement on April 8, 2025.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced key financial initiatives to strengthen its balance sheet. The company plans to convert $546,695 of debt into common shares at $0.375 per share, resulting in the issuance of 1,457,852 new shares. These shares will be subject to a four-month and one-day restricted period from closing, with the transaction expected to complete around April 16, 2025.
Additionally, the company has terminated its previously announced digital marketing agreement with Aktiencheck.de AG. The original agreement, valued at CAD $73,890, was meant for a two-month European investor awareness campaign. Forte Group has since assigned the marketing agreement rights to two third parties, receiving CAD $38,685 (52% of original consideration) while remaining liable for the original payment obligations.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has successfully closed its previously announced non-brokered private placement financing as of February 24, 2025. The company issued 200,000 common shares at $0.60 per share, raising gross proceeds of $120,000. These shares will be subject to a statutory hold period until June 25, 2025.
The company plans to use the proceeds for general working capital and outstanding payables. Additionally, Forte Group has converted $29,000 in secured promissory notes into 60,416 common shares at $0.48 per share. These notes were secured against the company's property near Bridesville, British Columbia, and were originally issued by Naturo Group Enterprises Inc. to an arm's-length holder. The shares issued through this debt conversion will also be subject to a statutory hold period expiring on June 25, 2025.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced two strategic financial initiatives. First, a non-brokered private placement offering 200,000 common shares at $0.60 per share, aiming to raise $120,000 for working capital and outstanding payables. The shares will have a four-month statutory hold period.
Second, the company plans to convert $29,000 in secured promissory notes into common shares at $0.48 per share, resulting in 60,416 new shares. These notes are secured against the company's property near Bridesville, British Columbia. Both transactions are expected to close around February 24, 2025.
Insiders may participate in the private placement, which falls under MI 61-101 regulations, with participation not exceeding 25% of the company's market capitalization. No finder's fees will be paid for the private placement.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has successfully closed its previously announced non-brokered private placement, raising $375,000 through the issuance of 624,999 common shares at $0.60 per share. The company plans to allocate approximately $330,000 for current and anticipated payables and $45,000 for general working capital purposes.
CEO Marcello Leone participated in the offering, acquiring 28,333 common shares in a transaction exempt from minority shareholder approval requirements. All shares issued are subject to a four-month restricted period ending June 7, 2025. Additionally, the company has restructured its Audit Committee, with Dallas Pretty replacing John Campbell, joining Howard Blank (Chair) and Richard Coleman.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has appointed Dallas Pretty, CPA, CA, as its new Chief Financial Officer and Corporate Secretary, effective February 4, 2025. Pretty replaces John Campbell, who has resigned from his positions as Chief Financial Officer, Chief Strategy Officer, and Corporate Secretary but will remain on the company's board of directors.
Pretty brings over 20 years of expertise in finance and management across public and private companies. He is a graduate of Simon Fraser University and previously served as a manager in the audit and advisory services group at KPMG LLP. His experience includes operations, strategic business development, mergers and acquisitions, public and private financing, financial reporting, human resources, and facilities management. He is also the founder of Black Tusk Advisory Services.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced a non-brokered private placement financing, planning to issue 625,000 common shares at $0.60 per share to raise aggregate gross proceeds of up to $375,000. The shares will have a statutory hold period of four months and one day from issuance.
The company plans to use the proceeds for general working capital and outstanding payables. The closing is expected around February 3, 2025. Company insiders may participate in the placement, which falls under MI 61-101 regulations, with exemptions from formal valuation and minority shareholder approval requirements as insider participation won't exceed 25% of market capitalization. No finder's fees are associated with this placement.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced its engagement with a corporate awareness provider to enhance market visibility and expand its shareholder base in the health and wellness sectors. The company, known for products like TRACE BLACKwater and nutraceuticals, has partnered with Aktiencheck.de AG for a European marketing awareness program.
The two-month engagement, valued at €50,000 (CAD$73,800), includes editorial content distribution, email marketing campaigns, search engine marketing, and native advertising. A specialized German social media campaign will target financial investors through various platforms. CEO Marcello Leone emphasized the company's mission to enhance consumer health through innovative lifestyle and wellness products.
Aktiencheck, led by Stefan Lindam, operates independently from Forte Group and has not received any stock options. The firm and its principals do not currently own any shares or securities in the company.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced strategic initiatives to strengthen its balance sheet, including refinancing of its subsidiary Naturo Group's second mortgage and conversion of debt into equity. The company refinanced its second mortgage on December 19, 2024, increasing the principal from $1.1M to $1.4M with a 14% annual interest rate for the first year, rising to 23% thereafter.
The company plans to convert $200,000 in secured promissory notes and $100,000 in second mortgage into common shares at $0.48 per share, resulting in 624,999 new shares. Between December 2023 and May 2024, Naturo Group raised $1.38M through promissory notes, of which $397,064.70 has already been converted to shares. With the anticipated closing of the new debt-to-equity conversion on January 17, 2025, total promissory note reductions will reach $597,064.70, leaving approximately $785,000 outstanding.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has appointed Davidson & Company LLP as its new auditor effective November 15, 2024, replacing GreenGrowth CPAs Inc. The change was approved by the Company's Audit Committee and Board of Directors. The Former Auditor's reports had no reservations for any financial period, and there were no reportable events or disagreements between the parties. Howard Blank has been appointed as Chair of the Audit Committee, which includes Richard Coleman and John Campbell.
