- Simply Better Brands Corp. (SBBC) has completed the first tranche of its previously announced non-brokered private placement
- The company issued a total of 4,718,203 common shares for gross proceeds of $1,391,869.69
- The proceeds from the first tranche will be used to reduce debt and for general working capital purposes
- Simply Better Brands Corp focuses on promoting healthy and active lifestyles
- Simply Better Brands Corp. (SBBC) opened the day trading at $0.365
Simply Better Brands Corp. (SBBC) has completed the first tranche of its non-brokered private placement offering of common shares.
The company issued a total of 4,718,203 common shares for gross proceeds of $1,391,869.69.
The first tranche is part of a larger private placement offering of up to 11,016,949 common shares for aggregate gross proceeds of up to $3,250,000.
The company expects the offering to be fully subscribed.
All shares issued are subject to a statutory four-month hold period that expires on November 26, 2022.
The proceeds from the first tranche will be used to reduce debt and for general working capital purposes.
Simply Better Brands Corp. leads an international omni-channel platform with diversified assets in the emerging plant-based and holistic wellness consumer product categories.
Simply Better Brands Corp. (SBBC) opened the day trading at $0.365 per share.