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Nabis Holdings (CSE:NAB) closes first tranche of private placement

Cannabis, The Market Online Deal Room
CSE:NAB
24 December 2021 09:15 (EDT)

Source: WeedStreet420

Nabis Holdings (NAB) has closed the first tranche of its non-brokered private placement for aggregate gross proceeds of $380,000.

The company issued 1,900,000 common shares priced at $0.20 per share.

The net proceeds will be used for working capital and general corporate purposes.

The securities issued will be subject to a four-month hold period from the date of closing.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

Nabis Holdings is a Canadian investment issuer that invests in assets across multiple industries, including real property and the U.S. and international cannabis sector.

Nabis Holdings Inc. (NAB) opened trading at C$0.27 per share.

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