My Foodie Box Increases active subscribers over October
- My Foodie Box (MBX) reports a 31 per cent increase in active subscribers over the month of October following its transition to a new sales strategy
- The company also achieved record net revenue last week of over $160,000 against a four-week average in July of $112,000 per week
- The WA-based food and logistics business has seen an upward trend in revenue ahead of its move to a new facility with almost 2300 square metres of warehouse space
- To support the costs of the new facility, the company’s directors have committed to funding $350,000 through convertible notes, and MBX is launching a $1 million share purchase plan
- Company shares end the day up 5 per cent to close at 6.3 cents
