Canadian bakery company planning to ramp up production capacity
May 6, 2020, Toronto – Keto Buns Ltd., doing business as Unbun Foods Inc., a Toronto-based bakery company and leader in grain free, gluten free, keto friendly products, has announced that on March 13, 2020 and May 4, 2020, it raised about $1.9 million in aggregate gross proceeds through a private placement of units of the company.
Each unit is comprised of one common share in the capital of the company and one-half of one common share purchase warrant, and each warrant entitles the holder to acquire one common share upon payment of the exercise price.
Unbun is a North American leader in creating innovative and delicious better-for-you bakery products. By developing grain-free, gluten-free, keto, paleo, and plant-based bakery products, Unbun has brought consumers back to food products that they had left, and enables them to enjoy their favourite foods once again.
Since its founding in 2018, the company has experienced rapid growth and has distribution in more than 2,500 locations across Canada and the U.S.
“Unbun has experienced explosive demand for its products and incredible growth since launch,” says Unbun founder, Gus Klemos. “This investment is a sign that there is a growing appetite in the market for innovative products that meet a range of dietary requirements and preferences to help support a balanced lifestyle. Unbun will continue to develop new products and ramp up production to bring our better-for-you options to even more consumers.”
Proceeds of the offering will allow Unbun to increase production capacity, and support operations, supply chain and manufacturing infrastructure that will ensure the company meets the increasing demand for its products from restaurant partners, grocery retailers and consumers.