Posts

Showing posts with the label 000

Indiva Announces Private Placement Under the Listed Issuer Financing Exemption up to $4,000,000

LONDON, Ontario — Indiva Limited (TSXV:NDVA), a Canadian producer of cannabis edibles, is pleased to announce a private placement offering pursuant to the listed issuer financing exemption of a minimum of 20,000,000 units of the Company and a maximum of 40,000,000 Units, for minimum gross proceeds of $2,000,000 and maximum gross proceeds of $4,000,000. Each Unit consists of one common share in the capital of the Company and one-half Common Share purchase warrant. Each Warrant is exercisable into one Common Share at a price of $0.15 per Common Share for a period of 36 months from the date of issuance. The Warrants will be governed by the terms and conditions set forth in the certificates representing the Warrants. The Company shall be entitled to accelerate the expiry date of the Warrants to a period of thirty days if, for any ten consecutive trading days, the volume weighted average trading price of the Common Shares on the TSX Venture Exchange equals or exceeds $0.30. If an Acceler...

Grown Rogue Closes Second and Final Tranche of Convertible Debenture Financing For Total Proceeds of US$6,000,000

MEDFORD, Ore. –   Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a craft cannabis company operating in Oregon and Michigan, announces that, further to its news releases on July 4, 2023 and July 13, 2023, it has closed the second and final tranche of a non-brokered private placement of unsecured convertible debentures (each, a “Debenture”) for gross proceeds of US$1,000,000, for a total aggregate principal amount under both tranches (the “Principal Amount”) of US$6,000,000 (the “Offering”). Additionally, on closing, the Company issued to subscribers under the second tranche of the Offering (each a “Debentureholder”) an aggregate of 2,816,250 common share purchase warrants (the “Warrants”), representing one-half of one warrant for each C$0.24 of Principal Amount subscribed. The Debentures will mature four years from the Closing Date (the “Maturity Date”), bear interest at a rate equal to 9% per annum, payable in Un...

Grown Rogue Closes Convertible Debenture Financing for Gross Proceeds of US$5,000,000

MEDFORD, Ore. – Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a craft cannabis company operating in Oregon and Michigan, announces that, further to its news release on July 4, 2023, it has closed the first tranche of a non-brokered private placement of unsecured convertible debentures (each, a “Debenture”) with an aggregate principal amount (the “Principal Amount”) of US$5,000,000 (the “Offering”). Additionally, on closing, the Company issued to the subscribers under the Offering (each a “Debentureholder”) an aggregate of 13,737,500 common share purchase warrants (the “Warrants”) representing one-half of one warrant for each C$0.24 of Principal Amount subscribed.  The Company may, at its option, increase the Offering by an additional US$1,000,000 for gross proceeds of up to US$6,000,000. The Debentures will mature four years from the date of issue (the “Maturity Date”), bear interest at a rate equal to...