FIJI KAVA LIMITED - ASX Briefs

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FIJI KAVA LIMITED (ASX: FIJ)

FIJ: Completion of Capital Raise and Planned Rights Issue

FIJI KAVA LIMITED

Fiji Kava Limited completes a $500,000 capital raising and plans a $500,000 rights issue.
Funds will be used for inventory, marketing expenses, brand development, and working capital.
Options, fees, and shares to be issued are subject to shareholder approval presented in a Notice of Meeting.

2023-04-19 11:07:00

FIJ: Clarification and Retraction

FIJI KAVA LIMITED

Fiji Kava provides clarification and retraction on their exclusive distribution agreement with RooLife Group Limited (ASX:RLG).
The total value of the agreement will depend on RLG's ability to market and sell FIJ's products, with no guaranteed sales in the agreement.
The company retracts the reference made to a total contract value of $30 million and advises investors not to rely on that total value calculation when making investment decisions.

2023-04-13 16:01:00

FIJ: Fiji Kava Appoints Roolife as China Distributor

FIJI KAVA LIMITED

Fiji Kava Limited appoints RooLife Group as its exclusive distributor in Australia and China with performance rights to achieve up to AUD$15m in retail sales.
RooLife will manage Fiji Kava's online sales in Australia and co-market the Fiji Kava drinking kava range with their VORA protein range in the sports nutrition channel.
Fiji Kava Limited terminates its distribution contract with PuMate Shanghai.

2023-04-12 08:17:00

FIJ: CJ Patel $11m Distribution Partnership for Taki Mai

FIJI KAVA LIMITED

Fiji Kava's wholly owned subsidiary, South Pacific Elixirs Pte. Ltd., has signed an exclusive distribution agreement with CJ Patel (Pacific) Pte Ltd covering seventeen countries.
The agreement targets minimum sales of A UD11 million (FJD17m) to retain exclusivity over an initial three-year term.
CJ Patel is the largest distribution company in the South Pacific and represents some of the world’s best known FMCG companies and brands.

2023-02-08 09:51:00

FIJ: Update on USA Strategy and Proposed Acquisition of Leilo Inc

FIJI KAVA LIMITED

Fiji Kava Inc. will continue to launch functional beverage products in the USA under Fiji Kava’s proprietary brands and new brands.
The company is launching a dietary shots range with The Vitamin Shoppe in 700+ US locations mid-year.
Manufacturing and co-packing options are being explored in Fiji, including with their Taki Mai distribution partner CJ Patel.

2023-02-08 09:51:00