Cannabis
CannaOne Technologies Inc. Announces Proposed Financing
CannaOne Technologies (CNNA: CSE/FSE: 3CT) (“CannaOne” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Financing“) of units (each, a “Unit“) for gross proceeds of up to CDN$500,000 with a price per Unit of CDN$0.56.
Each Unit will consist of one common share (each a “Share“) and one common share purchase warrant (each a “Warrant“), with each Warrant exercisable to acquire one additional Share (each a “Warrant Share“) for a period of 12 months following the closing date of the Financing (“Closing Date“). One-half of the Warrants shall have an exercise price of CDN$0.70 per Warrant Share, with the remaining one-half having an exercise price of CDN$1.12 per Warrant Share.
CannaOne intends to pay finder’s fees of up to 8% in cash and 8% in finder’s warrants in connection with the Financing. Proceeds from the Financing are expected to be used for ongoing working capital requirements relating to the development and commercialization of the CannaOne technology platforms.
Completion of the Financing is anticipated to occur on or about April 18, 2019 and will be subject to acceptance by the Canadian Securities Exchange. All securities issued pursuant to the Financing will be subject to a hold period of four months as required under applicable securities legislation.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
SOURCE CannaOne Technologies Inc.
Cannabis
Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care
Cannabis
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
Cannabis
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
-
Cannabis2 weeks ago
Right On Brands, Inc. Continues Rollout, Announces 13th Store Opening
-
Cannabis2 weeks ago
Avicanna Announces Completion of Topical Gel Observational Real-World Evidence Study
-
Cannabis2 weeks ago
Geopulse Exploration, Inc. Acquires 50% of ATC Services
-
transfer1 week ago
IMC to transfer its Oranim Pharmacy shares back to the seller
-
Cannabis1 week ago
Right on Brands Announces Major Product Line Expansion via HONEY® Brands
-
Cannabis7 days ago
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
-
Cannabis6 days ago
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
-
CCELL®1 week ago
CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer