- CENTR Brands (CNTR) has completed a non-brokered private placement financing
- CENTR raised gross proceeds of $3,081,252.00
- Another closing of the financing is expected to result in the issue of further units on similar terms within the next few weeks
- CENTR develops and markets CBD-infused non-alcoholic beverages
- CENTR Brands Corp. (CNTR) opened trading at C$1.50 per share
CENTR Brands (CNTR) has completed a non-brokered private placement financing.
CENTR will issue units comprised of one common share and one common share purchase warrant at an issue price of $1.50 per unit for gross proceeds of $3,081,252.00.
Each warrant will be exercisable to acquire one common share at a price of $1.75 for a period of three years following the date of issue, subject to a redemption timing adjustment in certain events. Founding shareholders and insiders of the company participated in the financing, and that another closing of the financing is expected to result in the issue of further units on similar terms within the next few weeks.
Net proceeds will be used for general working capital purposes.
The financing is subject to certain conditions including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange.
CENTR Brands is a functional beverage company that develops and
markets CBD-infused non-alcoholic beverages for the global market.
CENTR Brands Corp. (CNTR) opened trading at C$1.50 per share.