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Leviathan Natural Products (CSE:EPIC) closes $5M private placement

Cannabis
CSE:EPIC
09 May 2022 10:00 (EDT)

Leviathan Natural Products (EPIC) has closed a private placement for total gross proceeds of $5,000,000.

The company issued 8,333,333 common shares at a price of $0.60 per share.

Net proceeds will be used to complete the acquisition of the Tirthankar Entities and for general corporate purposes.

The shares issued are subject to a four-month hold period expiring on August 29, 2022.

Leviathan Natural Products Inc. is a multi-jurisdictional cannabis company, focused on becoming a leader in the cannabis industry. The company is focused on expanding its current operations through organic growth and by the way of merger and acquisition transactions.

Shares of Leviathan Natural Products Inc. (EPIC) opened trading at $0.79.

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