Love Investissement 5 millions $$$ at 18 cents.. 2021-07-09 09:39 ET - News Release
Mr. Nicholas Sosiak reports
CANNARA BIOTECH INC. COMPLETES ADDITIONAL $5 MILLION PRIVATE PLACEMENT
Cannara Biotech Inc. has closed an additional $5-million private placement at an issue price per share of 18 cents, resulting in the issuance of 27,777,778 new common shares in the capital of the company. This follows the company's previously announced acquisition of the one-million-square-foot licensed cultivation and manufacturing facility in Valleyfield, Que., and the two non-brokered private placements, which, through a combination of common shares and a convertible debenture, raised a total of $25-million to pay, in part, for the cost of the acquisition.