Supreme Cannabis Company Inc. (The) T.FIRE

RE:Looks Like World High Life

[OptGreen]

OptGreen wrote: Back to the UK...maybe openning up over there and we see the Truverra line up shelved? JMHO...Opt

Apologies put the FIRE item in twice....added World High Life item. i will improve. JMHO...Opt

Supreme Cannabis Announces $22.5 Million Bought Deal Financing

8 minutes ago by GlobeNewswire

Companies Mentioned: SPRWF

 

Not for distribution to U.S. news wire services or dissemination in the United States.

The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has entered into an agreement with BMO Capital Markets, on behalf of a syndicate of underwriters, under which the underwriters have agreed to buy on bought deal basis 72,600,000 units (the "Units"), at a price of $0.31 per Unit for gross proceeds of approximately $22.5 million (the "Offering"). Each unit will be comprised of one common share of the Company (a "Common Share") and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one common share of the Company (a "Warrant Share") for a period of 36 months following the closing date of the Offering at an exercise price of $0.40 per Warrant Share, subject to adjustment in certain events.

The Company has granted the underwriters a 30-day option to purchase up to an additional 15% of the Units offered in the Offering on the same terms and conditions (the "Over-Allotment Option"). The Over-Allotment Option may be exercised in whole or in part to purchase Common Shares, Warrants or Units as determined by the Underwriters. The offering is expected to close on or about February 19, 2021 and is subject to the Company receiving all necessary regulatory approvals.

The closing of the Offering is expected to occur on or about February 19, 2021, and is subject to completion of formal documentation and receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange. The net proceeds of the Offering will be used to fund growth initiatives, as a reserve for strategic opportunities, and for working capital and general corporate purposes.

The Units will be offered in each of the provinces of Canada, excluding Quebec, pursuant to a prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated April 22, 2020 (the "Base Shelf Prospectus"). The Units will not be offered or sold in the United States or to U.S. persons except pursuant to Rule 144A or in such other manner as to not require registration under the United States Securities Act of 1933, as amended (the "U.S. Securities Act").

The Prospectus Supplement will be filed with the securities commissions or similar securities regulatory authorities in each of the provinces of Canada, excluding Quebec. The Prospectus Supplement and the Base Shelf Prospectus contain important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus Supplement, the Base Shelf Prospectus and the other documents the Company has filed before making an investment decision. Copies of the Prospectus Supplement, following filing thereof, and the Base Shelf Prospectus will be available on SEDAR at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been, and will not be registered under the U.S. Securities Act or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

 

World High Life PLC Announces Love Hemp Q2 Trading Update

11 hours ago by Accesswire

Companies Mentioned: SPRWF, WRHLF

 

LONDON, UK / ACCESSWIRE / February 16, 2021 / World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF), is pleased to announce that Love Hemp Limited ("Love Hemp"), a wholly owned subsidiary of World High Life, achieved 2nd quarter unaudited sales (October 1 to December 31), of £1,562,000 ($2,175,000), a 97% increase from Q1 sales of £793,500 ($1,105,000).

The continued rise in sales represents a strong increase in demand during the COVID 19 pandemic across all platforms: Love Hemp, CBDOilsUk.com and wholesale activities via LH Botanicals.

Q2 Highlights (October 1 to December 31)

• £1,562,000 ($2,175,000) in revenue - up 97% compared to Q1 revenue of £793,500 ($1,105,000)
• £764,000 ($1,062,500) in gross profit
• 11% online conversion rate increase compared to Q1 rate of 12%
• Over 69,000 units sold online
• Over 10,500 online customer accounts created

First Half Year (July 1 to December 31)

• £2,355,000 ($3,280,000) in sales
• £1,311,000 ($1,825,500) gross profit

Tony Calamita, CEO of World High Life and Founder and CEO of Love Hemp, commented

"Continuing to aggressively increase our sales across all of the platforms is a testament to the dedication and hard work our teams have put into the Company. We have seen huge growth potential during the pandemic and are pleased to have been able to consistently provide our consumers with high level products and service.

"We continue to keep positioning for future growth and look forward to expanding what is already an exciting and promising business both across the UK and further afield."

The Directors of the Company accept responsibility for the contents of this announcement.

About Love Hemp

Love Hemp is one of the UK's leading CBD and Hemp product suppliers and has more than 40 product lines, comprising oils, sprays and vapes and a variety of edible and water-based CBD products. Love Hemp has established relationships with over 1,500 stores in the UK, including leading brands such as Sainsbury's, Boots, Ocado and Holland & Barrett.

About World High Life

World High Life was established by the founders of Supreme Cannabis (TSX:FIRE), and 1933 Industries (CSE:TGIF), both companies at the forefront of the legalized cannabis industry. LIFE was established to take advantage of the huge opportunities available in the UK and European legal cannabis space, which is set to be the largest in the world within five years.

World High Life PLC Announces Love Hemp Q2 Trading Update

11 hours ago by Accesswire

Companies Mentioned: SPRWF, WRHLF

 

LONDON, UK / ACCESSWIRE / February 16, 2021 / World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF), is pleased to announce that Love Hemp Limited ("Love Hemp"), a wholly owned subsidiary of World High Life, achieved 2nd quarter unaudited sales (October 1 to December 31), of £1,562,000 ($2,175,000), a 97% increase from Q1 sales of £793,500 ($1,105,000).

The continued rise in sales represents a strong increase in demand during the COVID 19 pandemic across all platforms: Love Hemp, CBDOilsUk.com and wholesale activities via LH Botanicals.

Q2 Highlights (October 1 to December 31)

• £1,562,000 ($2,175,000) in revenue - up 97% compared to Q1 revenue of £793,500 ($1,105,000)
• £764,000 ($1,062,500) in gross profit
• 11% online conversion rate increase compared to Q1 rate of 12%
• Over 69,000 units sold online
• Over 10,500 online customer accounts created

First Half Year (July 1 to December 31)

• £2,355,000 ($3,280,000) in sales
• £1,311,000 ($1,825,500) gross profit

Tony Calamita, CEO of World High Life and Founder and CEO of Love Hemp, commented

"Continuing to aggressively increase our sales across all of the platforms is a testament to the dedication and hard work our teams have put into the Company. We have seen huge growth potential during the pandemic and are pleased to have been able to consistently provide our consumers with high level products and service.

"We continue to keep positioning for future growth and look forward to expanding what is already an exciting and promising business both across the UK and further afield."

The Directors of the Company accept responsibility for the contents of this announcement.

About Love Hemp

Love Hemp is one of the UK's leading CBD and Hemp product suppliers and has more than 40 product lines, comprising oils, sprays and vapes and a variety of edible and water-based CBD products. Love Hemp has established relationships with over 1,500 stores in the UK, including leading brands such as Sainsbury's, Boots, Ocado and Holland & Barrett.

About World High Life

World High Life was established by the founders of Supreme Cannabis (TSX:FIRE), and 1933 Industries (CSE:TGIF), both companies at the forefront of the legalized cannabis industry. LIFE was established to take advantage of the huge opportunities available in the UK and European legal cannabis space, which is set to be the largest in the world within five years.