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Cannara Biotech Announces Non-Brokered Private Placement of 12,000,000 Common Shares
Cannara Biotech Announces Non-Brokered Private Placement of 12,000,000 Common Shares ...
About this update from Cannara Biotech, Inc.
[{"type":"text","content":"\n\n\n\nCannara Biotech Announces Non-Brokered Private Placement of 12,000,000 Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 12, 2019\n\n\n\nVANCOUVER, July 12, 2019 /CNW/ - Cannara Biotech Inc. (the \"Corporation\" or \"Cannara\") (CSE: LOVE) (FRA: 8CB) (OTCMKTS: LOVFF), an emerging vertically integrated cannabis company focused on cultivation, and cannabis-infused products, is pleased to announce that it has raised $2,160,000 by way of non-brokered private placement of common shares of the Corporation (each a \"Common Share\" and collectively, the \"Common Shares\") at a price of $0.18 per Common Share (the \"Offering\"). The net proceeds from the Offering shall be used for general corporate purposes including the ongoing build-out at Cannara's facility and to provide additional working capital. \nThe Offering is expected to close on or about July 20, 2019 (the \"Closing Date\") and remains subject to approval of the Canadian Securities Exchange.\nAbout Cannara Biotech Cannara Biotech (CSE:LOVE) is building one of the largest indoor cannabis cultivation facilities (625,000 square feet) in Canada and the largest in Quebec. Leveraging Quebec's low electricity costs, Cannara Biotech's facility will produce premium-grade indoor cannabis and cannabis-infused products for the Canadian and international markets.\nThe CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.\nCautionary Statement Regarding \"Forward-Looking\" Information \nThis information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available t...