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Cansortium Raises $12 Million Selling Units at $0.70 to Fund Expansion in Florida, Michigan and Pennsylvania – New Cannabis Ventures

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 ....

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Cansortium Closes US$12 Million Private Placement

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 ....

United States , State Of Florida , Neal Hochberg , Canaccord Genuity , Robert Beasley , Companya Warrant Share , Fund Improvements To Michigan Cultivation Facility , Cansortium Inc , Will Also Fund Improvements , Michigan Cultivation , Private Placement , Each Unit , Each Warrant , Warrant Share , Chief Executive , Financial Advisor , United States Securities Act , Real Time Level , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் புளோரிடா , இனிப்பான தண்ணீர் , நீல் ஹோட்ச்பெர்க் , கானக்கோர்ட் உண்மையானது , ராபர்ட் பீஸ்லி , நிதி மேம்பாடுகள் க்கு மிச்சிகன் சாகுபடி வசதி , விருப்பம் மேலும் நிதி மேம்பாடுகள் ,