Source: High Yields
  • Sugarbud Craft Growers Corp. (SUGR) has announced a marketed public offering of convertible debenture units for gross proceeds of up to $2.4 million
  • The company will issue 2,400 debenture units priced at $1,000
  • The debentures will mature 5 years from the closing of the offering
  • Sugarbud is a leading craft cannabis company focused on the cultivation and production of cannabis products
  • Sugarbud Craft Growers Corp. (SUGR) opened trading at C$1.39 per share

Sugarbud Craft Growers Corp. (SUGR) has announced a marketed public offering of convertible debenture units for gross proceeds of up to $2.4 million.

The company will issue 2,400 debenture units priced at $1,000. Each debenture unit will consist of one 12.0 per cent secured convertible debenture and 719 common share purchase warrants.

Each warrant will entitle the holder to purchase one common share for a period of 5 years following the closing of the offering.

Debenture holders may elect to exchange their debentures for 15.0 per cent non-convertible secured notes.

The debentures will mature 5 years from the closing of the offering.

Sugarbud is a leading craft cannabis company focused on the cultivation and production of cannabis products.

Sugarbud Craft Growers Corp. (SUGR) opened trading at C$1.39 per share.

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