tiprankstipranks

FTI Foodtech International Ventures into Cosmetics with Cryptocurrency Launch

Story Highlights
FTI Foodtech International Ventures into Cosmetics with Cryptocurrency Launch

FTI Foodtech International ( (TSE:FTI) ) has shared an announcement.

FTI Foodtech International Inc. is launching a new cryptocurrency named ‘SMASHFACE’ to be used in conjunction with its upcoming SmashFace Cosmetics line, targeting the Gen-Z demographic. The company is also planning a private placement to raise funds for operational expansion and has granted stock options to consultants, signaling a strategic move to integrate cryptocurrency with cosmetics and expand its market reach.

More about FTI Foodtech International

FTI Foodtech International Inc. operates in the technology sector with a focus on integrating cryptocurrency into various industries. The company is expanding its presence into the cosmetic industry with a new line called SmashFace Cosmetics, leveraging its retail and bartering network.

YTD Price Performance: 136.36%

Average Trading Volume: 21,439

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$4.49M

Find detailed analytics on FTI stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App