Heritage Cannabis Holdings Corp HERTF

Healthcare Cannabis

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States. In Canada, it operates through its subsidiaries, Heritage Cannabis West Corporation (Heritage West) and Heritage Cannabis East Corporation (Heritage East). Heritage West holds a Health Canada issued cultivation, processing, and medical and adult use sales license, as well as an industrial hemp license, a cannabis oil sales license, and a cannabis research license. In the United States, it operates through, Opticann Inc., an oral and topical cannabinoid company.

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Heritage Cannabis Holdings Corp > $6,000,000 raise at what price per unit?

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Comment by BobGreenfieldon Feb 01, 2021 10:24pm

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Post# 32444065

RE:$6,000,000 raise at what price per unit?

Pursuant to the Agency Agreement, the Company will agree to pay to the Agents a cash fee (the "Agents' Fee") equal to 7.0% of the gross proceeds of the Offering, including any gross proceeds raised on exercise of the Over-Allotment Option (as defined below), subject to a reduced fee of 3.5% for such amount of the gross proceeds of the Offering that is equal to any positive result of the equation A – B, whereby “A” is equal to the gross proceeds of all Units sold to certain purchasers designated by the Company on the president's list up to a maximum of $6,000,000 (the "President's List") and “B” is equal to the gross proceeds of all Units sold to purchasers not on the President’s List (the “Non-Presidents List Purchasers”). As additional compensation, the Company has agreed to issue to the Agents non-transferable options (the "Broker Options") to purchase such number of Units as is equal to 7.0% of the aggregate number of Units sold under the Offering (including any Over-Allotment Units (as defined below)), subject to a reduced number of Broker Options equal to 3.5% for such number of Units which equals the number of Units sold to President’s List purchasers in excess of the number of Units sold to Non-President’s List Purchasers. Each Broker Option entitles the holder thereof to purchase one Unit (each, a "Broker Unit") at an exercise price equal to the Offering Price for a period of 24 months after the Closing Date. The Broker Units will have the same terms as the Units. This Prospectus also qualifies the distribution of the Broker Options to the Agents. See "Plan of Distribution".