North Bud Farms Inc.(C.NBUD, Forum) announced on Thursday that has closed a non-brokered private placement offering of 3,778,000 units at $0.25 a unit, for gross proceeds of $944,500. The proceeds will go toward advancing its license application of GrowPros MMP Inc. under the Access to Cannabis for Medical Purposes Regulations (ACMPR) and for general working capital purposes.
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North Bud Farms made news on Wednesday when it announced that its shares began trading on the Canadian Securities Exchange. The Company is preparing to build a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Québec.
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