Business
SIMPLY SOLVENTLESS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING FOR GROSS PROCEEDS OF $6.0 MILLION & PROVIDES UPDATE ON CLOSING OF DELTA 9 BIO-TECH ACQUISITION
SIMPLY SOLVENTLESS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING FOR ...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"\n\n\n\n SIMPLY SOLVENTLESS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING FOR GROSS PROCEEDS OF $6.0 MILLION & PROVIDES UPDATE ON CLOSING OF DELTA 9 BIO-TECH ACQUISITION\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n SIMPLY SOLVENTLESS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING FOR GROSS PROCEEDS OF $6.0 MILLION & PROVIDES UPDATE ON CLOSING OF DELTA 9 BIO-TECH ACQUISITION\n \n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Feb. 13, 2025\n \n\n /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) (\"\n \n SSC\n \n \"\n \n or the \"Company\"\n \n ) is pleased to announce that it has closed the previously announced non-brokered financing (the \"\n \n Offering\n \n \") (see\n \n Offering announcement\n \n ) of secured convertible debenture units (the \"\n \n Debenture Units\n \n \") for gross proceeds of\n \n $6.0 million\n \n , inclusive of a\n \n $1.0 million\n \n oversubscription.  $375,000 of the Offering was subscribed by insiders. SSC also wishes to provide an update on the timing of closing for the Delta 9 Bio-Tech (\"\n \n Bio-Tech\n \n \") acquisition (see\n \n Bio-Tech acquisition announcement\n \n ).\n \n\n\n\n\n\n\n\n\n\n Jeff Swainson\n \n , SSC President & CEO stated: \"We would like to thank Plaza Capital and all Offering participants for their confidence in our high-impact growth strategy, which will be further fuelled by the proceeds from the Offering. As we move forward, we are steadfastly focused on our exciting Q1 2025 product launches to support organic revenue growth, and the high grading of our pipeline of accretive acquisition opportunities.\"\n \n\n\n Aaron Eisenberg\n \n , Partner with Plaza Capital stated: \"After years of investing in\n \n Canada's\n \n cannabis industry, Plaza is acutely aware of its unique challenges. In the face of these challenges, SSC's management team created significant oppo...