update PUF Ventures Inc. Announces Update to Natures Hemp Special Warrant Financing
VANCOUVER, Aug. 3, 2018 /CNW/ - PUF Ventures Inc. ("PUF" or the "Company") (CSE: PUF) (Frankfurt: PU3) (OTCPK: PUFXF), announces that, further to its information circular dated June 18, 2018 (the "Circular"), the Company wishes to provide an update on Natures Hemp Corp. ("Natures Hemp") special warrant financing to raise gross proceeds of up to $5,000,000 at a price of $0.25 per special warrant (the "$0.25 Financing"). The Circular detailing the plan of arrangement indicated that Natures Hemp planned to complete the $0.25 Financing on or before July 31, 2018. The $0.25 Financing has yet to be completed. As of the date of this news release, Natures Hemp has not issued any special warrants to insiders or non-insiders of the Company in addition to those special warrants described in the Circular.
The special meeting of PUF will be held on Tuesday, August 7, 2018 (the "Meeting") to approve the plan of arrangement with Natures Hemp. Following the Meeting, the Natures Hemp special warrants will be converted into common shares of Natures Hemp. Also following the Meeting, Derek Ivany, CEO of the Company, will be travelling to Germany, Austria, Switzerland and Lichtenstein to present Natures Hemp.
About PUF Ventures Inc.
PUF Ventures Inc. is a growth oriented and diversified company focused on the international cannabis industry. It has ownership in several cannabis companies: AAA Heidelberg, Solaris Nutraceuticals Pty Ltd., and Natures Hemp Corp., and is actively pursuing other opportunities within the industry. PUF has an option to purchase 100% of AAA Heidelberg Inc., a private Ontario company and advanced applicant for an ACMPR license. Solaris Nutraceuticals is building the largest medical cannabis greenhouse in the Southern Hemisphere. For more information please visit: www.puf.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Derek Ivany President & CEO