Business
Coho Collective Kitchens Inc. Announces Eighth and Ninth Locations, Along with Closing of Previously Announced Non-brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - Coho Collective Kitchens Inc. (TSX...
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[{"type":"text","content":"Coho Collective Kitchens Inc. Announces Eighth and Ninth Locations, Along with Closing of Previously Announced Non-brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - Coho Collective Kitchens Inc. (TSXV: COHO) (\"Coho\" or the \"Company\"), a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses, is excited to announce the opening of two new facilities in Vancouver, British Columbia. Located at 1623 Pandora Street and 901 East Hastings Street, the new locations will operate as \"Coho Pandora\" and \"Coho Hastings\", respectively.Coho Pandora, a 19,932 square foot facility, offers space for over 20 businesses to operate from, including ghost kitchens, caterers, and consumer packaged goods (\"CPG\") companies. It will also act as a research and development hub for restaurants. Located in East Vancouver's high-demand manufacturing district, it gives Coho members and businesses a central location to operate from, with access to a diverse selection of potential customers. Coho is proud to announce that this location was 100% pre-sold and at opening is operating at full capacity.Coho Hastings, a 3,896 square foot facility, offers space for specialized CPG manufacturers to scale and grow their businesses, while also allowing Coho to solidify its place as a leading shared kitchen space provider in Canada.Andrew Barnes, CEO of Coho said, \"I am proud and excited to announce the opening of two new Coho locations. It shows the continued growth and expansion of our company, and reaffirms our commitment to providing exceptional products and services to our valued members. This expansion will allow us to empower more entrepreneurs and food businesses throughout Western Canada, while driving additional value for shareholders.\"Closing of Previously Announced Private PlacementCoho is also pleased to announce that, further to its news release dated May 9, 2023, the Company has completed its previously announced non-brokered private placement for gross proceeds of CAD$1,650,000 (the \"Offering\").The Offering was a non-brokered private placement of 1,650 convertible debentures of the Company (the \"Convertible Debentures\"), at a price of CAD$1,000 per Convertible Debenture, for gross proceeds of CAD$1,650,000. There wer...