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Thursday 25 April 2024

Me Today

Me Today completes oversubscribed rights issue 28th March 2024 /

Me Today completes oversubscribed rights issue

Me Today has raised $3.1m from a rights issue, which closed last Friday 22 March.


King Honey owner Me Today opens $2.78m rights issue 13th March 2024 /

King Honey owner Me Today opens $2.78m rights issue

Honey and VMS company Me Today has opened its $2.78m right issue which is intended to raise capital for brand investment and expansion into international markets.


Me Today shareholders approve capital raise, debt restructuring 8th March 2024 /

Me Today shareholders approve capital raise, debt restructuring

Me Today shareholders are meeting in Auckland today to vote on resolutions related to restructuring the company’s funding facilities and a capital raise plan.


Me Today replaces CEO, plans to jettison King Honey 28th February 2024 /

Me Today replaces CEO, plans to jettison King Honey

The company bought the mānuka honey exporter less than three years ago for $36m but it has failed to meet expectations.


Me Today tables recapitalisation plan 23rd February 2024

Me Today tables recapitalisation plan

Endebted honey and VMS specialist Me Today is seeking shareholder support for a company recapitalisation that will unlock a debt restructuring with its lenders.


Me Today in talks with lenders after sales slump 24th October 2023 /

Me Today in talks with lenders after sales slump

The honey and VMS company is in talks with its lenders after warning that it is likely to undershoot its sales forecasts – with a capital raise and asset sales still on the table.


Me Today preps final 2023 NPD with Super Honey  29th September 2023 /

Me Today preps final 2023 NPD with Super Honey 

Me Today is rounding out its 2023 new product development programme with the planned release of a Me Today brand Super Honey.


More write-downs at Me Today, capital raise options on the table 30th August 2023

More write-downs at Me Today, capital raise options on the table

The embattled honey and VMS company is looking at the sale of assets or raising new capital after another punishing year keeps its balance sheet under pressure.


More hives to go at Me Today 12th July 2023 /

More hives to go at Me Today

The honey and VMS company is slashing hive numbers to below 2,000 in a further scaling back of the 18,000 hives it acquired with King Honey.


Honey woes: Me Today mānuka write-down worsens, industry laments IPONZ ruling 23rd May 2023 /

Honey woes: Me Today mānuka write-down worsens, industry laments IPONZ ruling

A poor mānuka honey harvest more than doubles Me Today’s expected write-down.


Me Today honey loss deepens 1st March 2023

Me Today honey loss deepens

The honey and VMS company’s H1 results attracted more red ink as it worked through the restructure of its honey operation and continued investing to build its sales pipeline.


Me Today warns of losses to come due to honey 8th December 2022

Me Today warns of losses to come due to honey

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Honey money: Comvita bullish, while bruised Me Today pursues revenue growth over profit 30th September 2022 /

Honey money: Comvita bullish, while bruised Me Today pursues revenue growth over profit

Manuka honey specialist Comvita has laid out a bullish forecast at its annual shareholder meeting, in contrast with Me Today, whose troubled acquisition of King Honey continues to drag the business.


Me Today to launch new mānuka honey products 29th August 2022 /

Me Today to launch new mānuka honey products

The King Honey owner says the new products will be out next month, and it also reveals how much revenue its acquired honey business has generated.


King Honey owner raises more money 4th July 2022 /

King Honey owner raises more money

King Honey owner Me Today says it has placed $750,000 of the shortfall arising from its rights issue, bringing the total capital raised to approximately $7.5m.


Me Today raises $6.74m from rights issue 28th June 2022

Me Today raises $6.74m from rights issue

Health, wellness and honey company Me Today has raised approximately $6.74m from a rights issue which closed on Thursday 23 June – enough to cover cashflow but short of the $10m target.


King Honey owner opens $10m rights issue 14th June 2022 /

King Honey owner opens $10m rights issue

King Honey owner Me Today has opened its $10m rights issue offering eligible shareholders the opportunity to participate at $0.01 per share.


Me Today in fresh $10m cap raise after loss widens 30th May 2022 /

Me Today in fresh $10m cap raise after loss widens

The healthcare and wellness group is downsizing its honey operations and raising cash to invest in its brands and international distribution.


CGF, Me Today issues new shares in capital raises 23rd March 2022 /

CGF, Me Today issues new shares in capital raises

Auckland-headquartered international coffee chain Cooks Global Foods has issued 80,989,340 new shares at 3 cents each totalling $2.43m following a shortfall from its rights issue last year.


Shareholder questions “serious errors” in Me Today’s $36m King Honey deal 18th March 2022 /

Shareholder questions “serious errors” in Me Today’s $36m King Honey deal

The healthcare and wellness company has had to turn to its investors for cash after being surprised by inventory levels after its acquisition of King Honey.


Me Today seeks $6m raise approval after “disappointing” King Honey projections 2nd March 2022 /

Me Today seeks $6m raise approval after “disappointing” King Honey projections

Me Today Group has called a special meeting for Friday 18 March to seek approval from shareholders for a $6m placement of additional share capital.


Me Today forced to raise $6m after King Honey inventory surprise 29th November 2021 /

Me Today forced to raise $6m after King Honey inventory surprise

The healthcare and wellness company turns to shareholders to stump up funds because of “cashflow pressure” following its King Honey acquisition.


Me Today gets $10m of wholesale support 3rd June 2021 /

Me Today gets $10m of wholesale support

Me Today’s proposed $15.75m capital raise which will part fund its $36m purchase of King Honey from Sky co-founder Terry Jarvis has won support from wholesale investors.