IONIC Brands Corp.: IONIC Brands Announces Private Placement
IONIC BRANDS or the
Company ) is pleased to announce it is undertaking a non-brokered private placement of up to 52,631,579 units (the
Units ) at a price of CDN$0.19 per Unit for gross proceeds of up to approximately CDN$10,000,000 (the
Offering ). Each Unit will consist of one common share of the Company (a
Share ) and one Share purchase warrant (a
Warrant ). Each Warrant will entitle the holder to acquire one additional Share at a price of CDN$0.30 per Share, for a period of five years from the date of issuance.
The Company may pay finder s fees and/or commissions to eligible persons in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the
Cannabis Mergers and Acquisitions Are Heating Up, With More Than $600 Million in Deals Announced Last Tuesday Alone and That’s on Top of Additional Transactions Unveiled Since the 2020 U.S. Election Last Month
New York-based Multi-State Operator (MSO) Columbia Care (CSE:CCHW) (OTCQX:CCHWF) (FSE: 3LP) announced Tuesday it reached a deal to acquire privately-held Green Leaf Medical for $240 million, expanding its presence in the Mid-Atlantic. Ayr Strategies (CSE:AYR) (OTCQX:AYRSF), of New York and Toronto, announced a $290 million all-stock acquisition of Florida-based Liberty Health (CSE:LHS) (OTCQX:LHSIF) (FRA: S6UQ and a $101 million acquisition of a licensed New Jersey MMJ operator with three dispensaries. On top of that, on December 16, leading Canadian Licensed-Producers (LPs) Aphria (TSX:APHA) (NYSE:APHA) (FRA: 10E) and Tilray (NASDAQ:TLRY) (FRA: 2HQ) announced plans to merge in a deal that would create the world’s largest cannabis operator based on pro-for