Yogawear brand prepares for stock market float - sportstextiles: Lea SportsTextiles

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Yogawear brand prepares for stock market float

15/07/2013
Karma Athletics, a Canada-based company that manufactures and sells yoga and dancewear, has closed a $1.5 million private placement that will be used to increase inventory and fund marketing and financing-related expenses, including the preparation for an initial public offering.

“Karma apparel has been extremely sought after by retail stores and fitness studios throughout North America. We are thrilled to have working capital to produce inventory and begin to meet demand,” said Darrell Kopke, Karma’s CEO.

Laurentian Bank Securities acted as financial adviser to Karma.




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