Blueberries Medical Closes $1M Strategic Financing Led by a Leading Latin American Private Equity Group with Extensive International Cannabis Industry Expertise; Appoints Facundo Garretón as Chairman & Interim CEO
January 20, 2021 08:30 ET
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Blueberries Medical Corp.
Blueberries Medical Corp.
Richmond, British Columbia, CANADA
Company” or "
Blueberries"), a Latin American licensed producer of medicinal cannabis and cannabis-derived products, is pleased to announce the completion of a non-brokered private placement for aggregate gross proceeds of C$1,000,000 (the “
Offering”) from the sale of common shares (“
Common Shares”) at a price of C$0.065 per Common Share.
The Offering was led by FLA Ventures Ltd. (“
FLA Ventures”), a private equity fund based in Buenos Aires, Argentina, which focuses on investments in established and growth-oriented Latin American businesses across a range of sectors, seeking to create and add strategic value, driving their economic growth and enhancing their performances. Blueberries is pleased to welcome FLA Ventures as a new strategic partner.