The deal would involve a minimum of $5 million of subscription receipts and a maximum of $20 million at a price of $0.65 per receipt
Corp () and CannHealth Group Limited are looking to raise more than $5 million in a private placement on a non-brokered basis.
The deal would involve a minimum of $5 million of subscription receipts and a maximum of $20 million at a price of $0.65 per receipt.
The private placement is being conducted as part of a share-purchase agreement struck in April under which Lifestyle Global agreed to acquire all shares of rival cannabis beverage company CannHealth.
The Calgary-based company specializes in alcoholic and THC and CBD-infused beverages and has distribution arrangements with Krogers, Total Wine and The Ritz-Carlton.
TSX-V:GBE
Market: TSX-V
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Lifestyle Global Brands Founder and Managing director Raj Beri joined Steve Darling in the Toronto Studio of Proactive Investors to talk about the cannabis company that is expecting to list on the Canadian Securities Exchange in June of 2019. Beri telling Proactive about the experience...
on 05/07/2019
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