logo-loader
viewCanafarma

CanaFarma Hemp Products reveals positive product sales data and intent to raise $20M

CanaFarma Hemp Products Corp (CSE:CNFA) CEO David Lonsdale tells Proactive it has released new sales data from its YOOFORIC brand of hemp products that highlight repeat buyers for its chewing gum and tincture.

Lonsdale says what's more, the company recently announced a private placement to raise up to US$20 million to fund the potential acquisition of manufacturing and extraction facilities, increase the acreage of its grow business, and for a scaling up of its sales and marketing activities.

Quick facts: Canafarma

Price: 0.8 CAD

CSE:CNFA
Market: CSE
Market Cap: $149.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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 Canafarma named herein, including the promotion by the Company of Canafarma in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Canafarma Hemp Products brings in more than C$5 million in private placement

Canafarma Hemp Products Corp (CSE:CNFA) CEO David Lonsdale tells Proactive said it had closed its previously announced placing, bringing in over C$5 million gross. Lonsdale says the Vancouver-based hemp-focused firm will use proceeds for funding the potential acquisition of manufacturing...

on 26/6/20

2 min read