Maven Brands Inc. (
CSE.MJ,
OTC PINK:TRLFF, FSE:TLAA,
Forum) – a Licensed Processor (LP) serving the burgeoning craft cannabis community in Canada with a full suite of production, processing, and packaging solutions – recently reported the closing of the first tranche of a non-brokered private placement by issuing an aggregate of 1,346,442 units for aggregate gross proceeds of CDN$242,359.56.
Each unit consists of one common share and one-half of one warrant, with each whole warrant exercisable to purchase one additional common share at an exercise price of $0.27 for a period of two years from the issuance date of such Warrant.
In connection with the Private Placement, the Company paid an aggregate of CDN$6,004.80 in cash commissions and 33,360 finder's warrants.
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FULL DISCLOSURE: Maven Brands Inc. is a client of Stockhouse Publishing.