Major investor joins Matica Mr. Clifford Starke is the Chairman of Hampstead Private Capital. Mr. Starke has acted as a consultant, advisor, and/or director to over fifteen publicly listed companies and has been an early shareholder of companies that have created over $7 billion in market capitalization. In the cannabis space, Mr. Starke has been an strategic investor and Director of Namaste Technologies Inc., an early stage investor and financier of Nuuvera Corp. prior to their $826 million cash and share takeover by Aphria Inc, and also Chairman of Marigold Projects Jamaica Ltd., a leading vertically integrated medical cannabis company based in Jamaica.
Mr. Ziger states "We are pleased that Mr. Starke has shown his commitment to the Company with an increase in his ownership stake of Matica as we draw closer to achieving the ACMPR license in Quebec. We look forward to working with him as we enter Matica's next phase of growth."
The proceeds of private placement will be used for general working capital purposes. All securities purchased under this financing are subject to a four month hold period. Finder's fees of eight per cent of the proceeds raised, where applicable, are being paid in accordance with the policies of the CSE. Completion of the financing is subject to the acceptance of the CSE.