VIVO Cannabis Inc. V.PDA

RE:$8 Million raised at $0.21 !! Buy all you can at $0.11 $$$$

[1hot-techwoman]

srtman03 wrote:

VIVO Cannabis Announces Closing of $8 Million Overnight Marketed Public Offering Including Full Exercise of Over-Allotment Option

Friday, February 26, 2021, 9:59 AM ET

 

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Feb. 26, 2021 /CNW/ - VIVO Cannabis Inc. (TSX: VIVO) ("VIVO" or the "Company") announced today the closing of its previously announced overnight marketed public offering (the "Offering") of 38,333,334 units of the Company (each, a "Unit" and, collectively, the "Units") for aggregate gross proceeds of approximately $8 million, including the full exercise of the over-allotment option granted to the underwriters in connection with the Offering.

Each Unit was sold for $0.21 and was comprised of one common share of the Company (each, a "Common Share") and one half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share (a "Warrant Share") until February 26, 2024 at an exercise price of $0.26 per Warrant Share, subject to adjustment in certain events

110% :) !!!!!
Not the time to be selling as I have been saying people :)

Looking forward to Q3 !!  " Qoute as per CEO Ray Laflamme "


Management Commentary

"At the start of the third quarter of 2021, significant changes were made to the Board which subsequently has approved management's redefinition of the Company's strategy to fully leverage the efforts and investments that VIVO has made in the medical channels. In so doing, we expect that shareholders and clients alike will be pleased as our business becomes more focused on service and profitability. We will release another statement soon to outline these changes in more detail," said Ray Laflamme, Chief Executive Officer of VIVO Cannabis. "We have been rewarded in this past quarter with increased Australian sales, successful topical cream and brick hash product launches, and our first import permit from the German authorities. I expect that the third quarter will continue to reward those shareholders that have stayed the course."