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Vibe Growth Corporation: Vibe Announces Closing of $2.1 Million Non-Brokered Private Placement


Vibe Growth Corporation: Vibe Announces Closing of $2.1 Million Non-Brokered Private Placement
Company or
Vibe ), a vertically integrated cannabis enterprise, is pleased to announce that it has completed its previously announced non-brokered private placement (the
Offering ) of 2,626,500 units of the Company (the
Units ) at a price of $0.82 per Unit (the
Offering Price ) for aggregate gross proceeds of $2,153,730.
Together with the completion of the Company s bought deal private placement announced earlier today, the Company raised gross proceeds of $15,954,535 through the issuance of an aggregate of 19,456,750 Units.
Each Unit consists of one (1) common share in the capital of the Company (a
Common Share ) and one-half (0.5) of one Common Share purchase warrant (each whole Common Share purchase warrant, a ....

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Vibe Growth Corporation Operational Update - Record Q4 2020 Revenues and Sacramento Cultivation Expansion


Vibe Growth Corporation Operational Update - Record Q4 2020 Revenues and Sacramento Cultivation Expansion
Vibe Growth Corporation (
Company or
Vibe ), a vertically integrated cannabis operator, provides an operational update on preliminary unaudited fourth quarter 2020 revenues for the period ending December 31, 2020 ( Q4 2020 ). All dollar amounts in this press release are in U.S. dollars.
Q4 2020 revenue is expected to exceed $6.5 million
Q4 2020 revenue anticipated to increase 61% over the year prior period
Gross margins have increased since Q3 2020
Expansion of Sacramento cultivation
Growth in the quarter was driven primarily by increased customer visits, average consumer basket sizes, and online sales. The Company expects to report positive EBITDA in Q4 2020 due to higher sales, strong gross margins, and increased eCommerce activity. Vibe expects to release its full year 2020 financial results for the year ended December 31, 2020, by mid-Apr ....

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