Business
Food Culture Inc. Secures US$1 Million Commercial Line of Credit
Facility Intended to Support Working Capital and 2026 Purchase Order Activity TORONTO, ONTARIO / ACCESS Newswire / February 17, 2026 / Food Culture Inc. (OTCMarkets:FCUL) ("FCUL" or the "Company") announces that it has entered into a revolving commercial ...
About this update from Food Culture Inc.
[{"type":"text","content":"Facility Intended to Support Working Capital and 2026 Purchase Order Activity","length":77,"tagName":"p"},{"type":"text","content":"TORONTO, ONTARIO / ACCESS Newswire / February 17, 2026 / Food Culture Inc. (OTCMarkets:FCUL) ("FCUL" or the "Company") announces that it has entered into a revolving commercial line of credit agreement providing for borrowings of up to US$1,000,000.","length":269,"tagName":"p"},{"type":"text","content":"The facility is intended to finance purchase orders, inventory acquisition, and related working capital requirements as the Company advances planned 2026 product initiatives. Advances under the line will be secured by inventory and trade receivables, and are corporate obligations of the Company. Each advance initially matures 150 days from funding and converts thereafter into a six-month amortized repayment schedule.","length":420,"tagName":"p"},{"type":"text","content":"The Company believes the facility provides access to working capital to support production and distribution planning activities.","length":128,"tagName":"p"},{"type":"text","content":"Ruben Yakubov, Chairman of Food Culture, commented, "This credit facility represents an important step in strengthening our financial foundation as we move into a critical execution phase. With structured access to working capital now in place, we are better positioned to support production, align distribution relationships, and introduce our branded portfolio to the U.S. retail market in a measured and responsible manner. We look forward to updating shareholders as each initiative progresses."","length":509,"tagName":"p"},{"type":"text","content":"Operational Update","length":18,"tagName":"p"},{"type":"text","content":"The Company is coordinating production, regulatory preparation, and supply chain alignment for multiple branded beverage initiatives anticipated for staged introduction during 2026.","length":181,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Engagement of co-packers with negotiated pricing structures","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Alignment with bottle, label, and packaging suppliers for 2026 production","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Advancement of TTB approvals and state re-registration processes","length":64,"tagNa...