Craftport Cannabis Closes $1.5M Private Placement

Craftport Cannabis Corp. BHHKF CFT has closed a non-brokered private placement offering of 18.75 million common shares at a price of $0.08 per common share for gross proceeds of $1.5 million.

Net proceeds of the offering are expected to be used by the company for general working capital purposes.

The common Shares of the company issued pursuant to the offering are subject to resale restrictions for a period of four months and a day expiring on November 19, 2022.

No finders fees have been or will be paid in connection with the offering.

About Craftport Cannabis

Craftport Cannabis is a Canadian cannabis licensed producer operating out of Peachland, British Columbia. The company is focused on the Canadian premium craft cannabis recreational market by utilizing an outsourced cultivation model.

Photo by Shelby Ireland on Unsplash

Related News

Rhinomed, Alcanna & MariMed Among Top Cannabis Stock Movers On July 22, 2021

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...