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Maven Brands announces tranche closing of Private Placement

Stockhouse Editorial
1 Comment| November 23, 2021

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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.

For full new release, click here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


FULL DISCLOSURE: Maven Brands Inc. is a client of Stockhouse Publishing.

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