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 above an image of cannabis

StockTalk | Cannabis Report: Acquisitions & record revenues

SNDL Inc. (CSE:SNDL) announced the completion of its acquisition of certain assets from Surterra Holdings Inc. and affiliated...

SNDL completes Parallel asset acquisition, expands U.S. medical cannabis footprint

SNDL (NASDAQ:SNDL) completed its acquisition of key Parallel cannabis assets, gaining indirect control of operations across FL, TX, and MA.

StockTalk | Cannabis Report: In the pocket

Tilray Brands (TSX/NASDAQ:TLRY), one of the largest players in the cannabis industry, is capitalizing on the...

Tilray enters its pouch era with Zonna

Tilray Brands (TSX/NASDAQ:TLRY) is riding the pouch wave with the launch of Zonna, a fast-acting cannabis pouch for adult consumers.