The deal would involve a minimum of $5 million of subscription receipts and a maximum of $20 million at a price of $0.65 per receipt
Corp () and CannHealth Group Limited are looking to raise more than $5 million in a private placement on a non-brokered basis.
The deal would involve a minimum of $5 million of subscription receipts and a maximum of $20 million at a price of $0.65 per receipt.
The private placement is being conducted as part of a share-purchase agreement struck in April under which Lifestyle Global agreed to acquire all shares of rival cannabis beverage company CannHealth.
The Calgary-based company specializes in alcoholic and THC and CBD-infused beverages and has distribution arrangements with Krogers, Total Wine and The Ritz-Carlton.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Lifestyle Global Brands named herein, including the promotion by the Company of Lifestyle Global Brands in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE