on Forte Group Holdings (CVE:FGH)
Forte Group Expands Beverage Manufacturing with New Liquor Licence
Forte Group Holdings Inc., through its subsidiary Naturo Group Enterprises Inc., has received a Liquor Co-Packing Licence. This authorization permits Forte Group to engage in beverage alcohol co-packing operations in a specific 10,000-square-foot licensed area within its 40,000-square-foot facility in Bridesville, British Columbia. This development enhances the company's manufacturing capabilities.
The new licence allows Forte Group to explore contract manufacturing with licensed alcohol brands and zero-proof alternatives. This strategic move aims to diversify potential revenue streams and optimize facility use. While still focused on non-alcoholic beverages, the company can now support both alcoholic and zero-proof beverage production.
Additionally, Forte Group is assessing an extra licence to enable direct sales to provincial liquor distribution authorities, potentially establishing a new business avenue.
R. H.
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