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Lifestyle Global Brands looks to arrange more than $5m non-brokered private placement

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

Lifestyle Global Brands -
The company specializes in alcoholic and THC and CBD-infused beverages

Lifestyle Global Brands Corp (CVE:GBE) 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.

Quick facts: Lifestyle Global Brands

Price: 0.02 CAD

TSX-V:GBE
Market: TSX-V
Market Cap: -
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