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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 facilities, scaling the group's sales and marketing activities, R&D and for general working capital and corporate purposes.

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Price: 0.435 CAD

CSE:CNFA
Market: CSE
Market Cap: $81.48 m
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Canafarma Hemp partners with Dutch pharma company to develop hemp-based time...

CanaFarma Hemp Products Corp. (CSE:CNFA) COO Frank Barone tells Proactive the group has partnered with Dutch pharmaceutical company APeT BV to develop hemp-based cannabinoid, drug and nutritional supplement delivery methods using its FLOTEX‐C patented technology. Barone says FLOTEX‐C ensures...

on 16/9/20

2 min read