- Simply Better Brands Corp. (SBBC) has completed the second tranche of a non-brokered private placement for gross proceeds of $1,018,999.62
- Under the second tranche, Simply Better Brands issued 3,454,236 common shares
- The second tranche is part of a larger private placement of up to 11,016,949 common shares for total gross proceeds of up to $3,250,000
- Simply Better Brands Corp. leads an omni-channel platform with diversified assets in the emerging plant-based and holistic wellness consumer product categories
- Simply Better Brands Corp. opened trading at $0.38 per share
Simply Better Brands (SBBC) has closed the second tranche of a non-brokered private placement for gross proceeds of $1,018,999.62.
Under the second tranche, the company issued 3,454,236 common shares for $0.295 per share.
The second tranche is part of a larger private placement offering of up to 11,016,949 common shares for total gross proceeds of up to $3,250,000.
The common shares issued in connection with the second tranche are subject to a hold period that expires on December 18, 2022.
The company plans to use the proceeds from the second tranche to reduce debt and for general working capital purposes.
Simply Better Brands Corp. leads an international omni-channel platform with diversified assets in the emerging plant-based and holistic wellness consumer product categories.
Simply Better Brands Corp. opened trading at $0.38 per share.
