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Nutroganics Secures $500,000 Financing Facility With Crestmark Bank

February 13, 2014, 07:23 AM
Related: Crestmark

Nutroganics, Inc. announced its wholly owned subsidiary, Silverbow Honey, has entered into a three year financing facility with Crestmark Bank under which Crestmark will make available up to $500,000 of working capital to Silverbow. The capital will be used to support Silverbow's growth, including the recently announced alliance with Clark's Honey Farm of Colorado.

"We are pleased to be working with Crestmark on this new financing," said David Sackler, CEO of Nutroganics. "Given Crestmark's size and stability, their financing solutions can grow with us as our financing needs increase."

Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the consumables segment of the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics' wholly owned subsidiary, Silverbow Honey Company, was founded in 1945, and is a producer and packager of natural and organic honey products, with its Silverbow brand distribution in national grocery, club, and mass merchant retailers, and the Clark's Honey Farm brand distribution in regional and national specialty, and natural/organic food retailers.

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