Forbidden Foods raises A$1.5M placement, with Slades Beverages as cornerstone
What's the deal? Forbidden FoodsDealroom has a profile for this one. Try Dealroom →, the ASX-listed food and beverage group behind brands including Oat Milk GoodnessDealroom has a profile for this one. Try Dealroom → and PrOATeinDealroom has a profile for this one. Try Dealroom →, has secured firm commitments to raise A$1.5 million (roughly $1,071,872) through a share placement priced at $0.007 per share. The raise is anchored by a $350,000 cornerstone investment from Australian beverage manufacturer Slades BeveragesDealroom has a profile for this one. Try Dealroom →.
Why now? The company reported FY26 revenue growth of 48% to $6.13 million and is preparing to launch three new PrOATein SKUs nationally through Woolworths in Q4 CY26. Fresh capital lands as it pushes to expand distribution and product range.
What's the endgame? The money will fund increased matcha supply, inventory across the portfolio, production, and new product launches. Slades — a family-owned manufacturer operating since the 1850s from a 12,000m² facility in Thomastown, Victoria — is also set to become the company's oat milk manufacturing partner.
The investment marks Slades' maiden equity stake in a brand it manufactures, deepening a relationship the company expects to yield manufacturing, supply-chain, and margin efficiencies as volumes scale.
What else? Alongside the placement, the company plans a Share Purchase Plan targeting a further $250,000 at the same $0.007 price, plus director participation worth about $170,000, subject to shareholder approval. Combined, the raises would deliver roughly $1.75 million in new capital.
The signal: A manufacturer taking equity in a brand it produces ties supplier and customer interests together — a bet on scale that could sharpen margins for a small-cap still building its retail footprint.
Read more: listcorp.com
Image credit: Generated with Gemini
