Kits Eyecare Secures $15 Million Lending Deal

VANCOUVER, British Columbia—Kits Eyecare Ltd. (TSX: KITS), a leading vertically integrated eyecare provider, announced that it has entered into a new, three-year asset-based lending (ABL) facility with the Bank of Montreal, effective November 24, 2025. The facility provides borrowing capacity of $15 million, according to the announcement, with the option to increase to $20 million. Concurrently, the company noted that it has remitted its final payment of $1 million to the Business Development Bank of Canada (BDC), concluding a loan with initial principal of $23.4 million more than four months ahead of the scheduled maturity date of March 15, 2026.