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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on 05/07/2019
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