/NOT FOR DISTRIBUTION TO A U.S. NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE
UNITED STATES./
TORONTO, Sept. 17, 2018 /CNW/ - Pure Global Cannabis Inc.
(TSX.V:PURE; OTC: PRCNF) (the "Company" or "Pure Global"), a vertically integrated growth-oriented life sciences
cannabis company, is pleased to announce, further to its news release dated August 15, 2018, that
it has completed a brokered private placement offering of convertible debenture units (the "Convertible Debenture Units")
of the Company, with a syndicate of investment dealers led by Eventus Capital Corp. and including PI Financial Corp., for gross
proceeds of $10 million (the "Offering").
Each Convertible Debenture Unit shall be comprised of $1,000 aggregate principal amount of 8%
senior secured convertible debentures of Pure Global (the "Convertible Debentures") and 1,429 warrants (the
"Warrants"). The Convertible Debentures mature 36 months from the closing date of the Offering (the "Closing Date")
and, at any time following the date that is four months and one day following the Closing Date, will be convertible at the option
of the holder into common shares of Pure Global at a conversion price $0.35 per share (the
"Conversion Price"). Furthermore, beginning on the date that is four months and one day following the Closing Date, the
Company may force the conversion of all of the principal amount of the then outstanding Convertible Debentures at the Conversion
Price on 30 days' prior written notice should the daily volume weighted average trading price of the Pure Global common shares be
greater than $0.65 for any 10 consecutive trading days. Each Warrant shall entitle the holder to acquire one common
share of Pure Global at a price of $0.45 per share for a period of 36 months following the Closing
Date.
The net proceeds of the Offering are intended to be used primarily to fund the acquisition of a 60% interest (the
"Acquisition") in Sativa Nativa S.A.S. ("Sativa Nativa"), a Colombian subsidiary of Avicanna Inc.
("Avicanna"). Completion of the Acquisition is subject to customary conditions for an investment of this nature, including
satisfactory due diligence and the receipt of all required regulatory approvals, including the approval of the TSX Venture
Exchange, and consents in Colombia and Canada. If the
Acquisition is not completed, the Company intends to use the net proceeds of the Offering to fund alternate acquisition
opportunities, organic growth initiatives and for general working capital purposes.
All securities issued in connection with the Offering are subject to a four month hold period expiring January 18, 2019.
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSX.V:PURE; OTC: PRCNF) is a vertically-integrated, growth-oriented life sciences cannabis
company led by experienced pharma-industry, horticultural, consumer packaged goods (CPG), and supply chain experts. The Company's
wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Access to Cannabis for Medical Purposes
Regulations (ACMPR) focused on producing cannabis products for medical, wellness, health & beauty, natural health, and
future legal adult use markets.
To register to Pure Global's mailing list, please visit www.pureglobal.com. Follow @pureglobalcanna on Twitter and Facebook and
@pureglobalcannabis on Instagram.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about Pure
Global's future plans and intentions. Forward-looking information includes, without limitation, statements regarding the
Company's ability to complete the acquisition of an interest in Sativa Nativa S.A.S. and the use of proceeds from the Offering.
Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been
used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on
information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results,
performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These
factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although
the forward-looking statements contained in this news release are based upon what management believes to be reasonable
assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements.
These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or
revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Pure Global Cannabis Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/17/c2988.html