- Nextleaf Solutions (OILS) has closed a C$3.1M public offering
- It will use the proceeds to procure and deliver cannabis products and for partial repayment of a senior secured convertible note
- Insiders purchased 300,000 units under the offering
- Nextleaf is a federally regulated producer, manufacturer and distributor of cannabis vapes and distilled oils
- Nextleaf Solutions (OILS) is down by 9.30 per cent and is currently trading at $0.195 per share
Nextleaf Solutions (OILS) has closed a C$3.1M public offering.
The company issued 15,844,208 units priced at $0.20 per unit for aggregate gross proceeds of $3,168,841.60.
Each unit is comprised of one common share and one common share purchase warrant.
Each warrant is exercisable to acquire one common share for $0.275 until December 22, 2023.
Nextleaf will use the proceeds to procure and deliver cannabis products to various provincial markets, for the partial repayment of principal and interest on a senior secured convertible note and for working capital and general corporate purposes.
Insiders purchased 300,000 units under the offering.
Research Capital Corporation acted as sole agent and sole bookrunner.
Nextleaf is a federally regulated producer, manufacturer and distributor of cannabis vapes and distilled oils.
Nextleaf Solutions (OILS) is down by 9.30 per cent and is currently trading at $0.195 per share as of 12:48 pm EST.