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

Published: 11:26 14 May 2020 EDT

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.

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