Business
Citrine Global Corp (OTCQB: TECR) Announces It Has Received an Amount of $1M from its Owner Partners & Affiliates
Citrine Global Corp (OTCQB: TECR) Announces It Has Received an Amount of $1M from its Owner Partners & Affiliates.
About this update from Citrine Global Corp.
[{"type":"text","content":"Citrine Global Corp., offering multi-strategy expansion solutions for growth-stage technology companies, received an investment amount of $1M from its owner partners and affiliates as sign of confidence in the company's current and planned activitiesOn June 12, 2020, Citrine Global Corp. (OTCQB: TECR), offering multi-strategy expansion solutions for growth-stage technology companies, announced it has received an investment in the amount of $1M from its owner partners and affiliates as sign of confidence in the company's current and planned activities to support its continued activities at a time of uncertainty in world capital markets caused by the spread of the COVID-19 pandemic.This investment is pursuant to the Convertible Note Purchase Agreement signed between the parties for the issuance and sale of notes for up to an aggregate principal amount of $1.8M, which was signed on April 1, 2020 and reported on April 2, 2020.This step is part of the company's strategy to overcome COVID-19 quarantine measures, flight cancellations and closures, which have delayed the company's planned roadshow and meetings with different investors, parties and partners.Ms. Ora Soffer, Citrine Global's Chairperson and CEO, commented: \"This step demonstrates the confidence of Citrine Global's owner partners and affiliates in the company. Since the company's Directors and Executives are based in Israel, and due to the current travel limitations, the focus at first step is on Israel's startups and technology market. We are in advanced processes with various technology companies, and specifically with public companies, in the fields of health, wellness, food tech, and medical cannabis\".About Citrine Global Corp.Citrine Global Corp.’s business activity is comprised of creating value and implementing expansion strategies for growth-stage technology companies, offering multi-strategy solutions combining strategic marketing, business development, real estate and asset management services and financing solutions. Such wide spectrum of services is targeted at helping create an integrated strategy that supports our client companies in achieving their local and global expansion ambitions.Key Target Markets: We believe the health and wellness fields are demonstrating high growth potential and we are therefore primarily focused on these sectors. We plan on empow...