/PRNewswire/ - Cansortium Inc. ("Cansortium" or the "Company") (CSE: TIUM.U), (OTCQB: CNTMF) wishes to announce that its annual general and special meeting of.
Cansortium Completes $71 Million Debt Financing
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Additional Liquidity Significantly Strengthens Balance Sheet
Proceeds to Fund Expansion in Florida, Pennsylvania and Michigan
MIAMI, April 30, 2021 /PRNewswire/ - Cansortium Inc. ( Cansortium or the Company ) (CSE: TIUM.U), (OTCQB: CNTMF), a vertically-integrated cannabis company operating under the Fluent™ brand, today announced it has closed a US$71 million Senior Secured Term Loan due April 29, 2025 (the Term Loan ) with a syndicate led by U.S.-based institutional lenders.
The Term Loan will bear interest of 13% annually, with a four-year maturity and 18 months of call protection. The Term Loan consists of a $50 million tranche priced with an original issue discount of 3% that includes warrants to acquire 12.5 million common shares of common stock at an exercise price of $1.20 per share, as well as a $21 million tranche priced with an original issue discount of 7% with no equity compone
April 5, 2021 at 9:42 am Published by NCV Newswire
Cansortium Closes US$12 Million Private Placement
Proceeds Will Be Used To Increase Florida Cultivation Capacity, Accelerate Dispensary Openings And Accelerate Growth In Core Florida Market
Capital Will Also Fund Improvements to Michigan Cultivation Facility
MIAMI, April 5, 2021 /PRNewswire/ – Cansortium Inc. (“Cansortium” or the “Company”) (CSE: TIUM.U), (OTCQB: CNTMF), is pleased to announce the closing of the sale of approximately US$12 million of units (“Units”) at a purchase price of US$0.70 per Unit (the “Private Placement”). The Private Placement, originally contemplated as a US$10 million financing, was increased by the Company due to investor demand, and a subsequent closing is expected in the next few days. Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will enti
Cansortium Closes US$12 Million Private Placement
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PROCEEDS WILL BE USED TO INCREASE FLORIDA CULTIVATION CAPACITY, ACCELERATE DISPENSARY OPENINGS AND ACCELERATE GROWTH IN CORE FLORIDA MARKET
Capital Will Also Fund Improvements to Michigan Cultivation Facility
MIAMI, April 5, 2021 /PRNewswire/ - Cansortium Inc. ( Cansortium or the Company ) (CSE: TIUM.U), (OTCQB: CNTMF), is pleased to announce the closing of the sale of approximately US$12 million of units (
Units ) at a purchase price of US$0.70 per Unit (the Private Placement ). The Private Placement, originally contemplated as a US$10 million financing, was increased by the Company due to investor demand, and a subsequent closing is expected in the next few days. Each Unit consists of one common share of the Company (each, a
Hires Pro Wrestler Rob Van Dam Is Chairman of UAPC s Board
UAPC INC. (OTC:UAPC), which
recently signed an agreement to purchase CBD distributor RVD Wellness, named professional wrestler Rob Van Dam as its new board chairman.
The Las Vegas-based cannabis and hemp company is focused on international expansion via acquisitions of properties, assets, product lines and licenses.
Van Dam (pictured), who goes by the acronym/nickname RVD, has worked at a number of wrestling promotions including WWE and TNA, now Impact Wrestling.
For many years as a professional wrestler, Van Dam openly expressed his appreciation for cannabis, supporting the community and spreading the word about the medical benefits the plant brings. What’s more, Van Dam has creatively used slogans for his wrestling character, such as “RVD 420.