Righteous Gelato Co
About the company
The company prides itself on using quality ingredients and craftsmanship. It now has an expanded retail and manufacturing location.Location: Calgary, Alberta Industry: Food and beverage
The company required an initial tranche of funds to build inventory and hire additional labour to stock more than 300 stores. Additional financing was needed for marketing efforts, as well as for manufacturing equipment to establish a new production line.
BDC’s Growth & Transition Capital experts offered a customized solution to fund expansion. BDC provided quasi-equity financing, which is ideal for businesses that are reinvesting profits in their growth and are forecasting to generate strong cash flow in the near term.
- Well positioned to increase its production levels to build inventory
- Will set up an additional production line to increase capacity
- On track to double its revenues and capacity
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