Source: Craftport Cannabis Corp.
  • Craftport Cannabis (CFT) closed its non-brokered private placement offering for gross proceeds of $1.5 million
  • The company issued 18,750,000 common shares at a price of $0.08 per common share
  • The company’s focus is on the Canadian premium craft cannabis recreational market, utilizing an outsourced cultivation model
  • Craftport Cannabis Corp. (CFT) opened trading at $0.045

Craftport Cannabis (CFT) has closed its non-brokered private placement for gross proceeds of $1.5 million.

The company issued 18,750,000 common shares at a price of $0.08 per common share.

Net proceeds of the offering are expected to be used by the company for general working capital purposes.

No finders fees have been, or will be paid in connection with this offering.

Craftport Cannabis (CFT) is a Canadian cannabis licensed producer operating out of Peachland, British Columbia. The company’s focus is on the Canadian premium craft cannabis recreational market, utilizing an outsourced cultivation model.

Craftport Cannabis Corp. (CFT) opened trading at $0.045.

More From The Market Online
Cannabis Report text across cannabis leaves.

StockTalk | Cannabis Report: Canadian retailer hits German medical market

Several TSX healthcare stocks that cater to various aspects of the healthcare market are listed on the TSX, including notable cannabis stocks
German flag with cannabis flower background

High Tide acquires German pharma wholesaler Purecan

High Tide (TSXV:HITI), Canada's largest cannabis retailer, acquires German medical cannabis wholesaler Purecan for €4.8M.
Cannabis Report across cannabis plants

StockTalk | Cannabis Report: New year, new news

Canopy Growth is naming Brooks Jorgensen as the first-ever president of its U.S.-based holding company, Canopy USA. He...