- The Planting Hope Company (MYLK) has closed a bought deal public offering for total gross proceeds of C$8,050,000
- The company issued a total of 10,062,500 shares at a price of $0.80 per share
- The over-allotment option was exercised in full
- Net proceeds will be used for the expansion of distribution and new product launches in the U.S. and Canada and to partially fund the acquisition of the RightRice® product lines
- The Planting Hope Co Inc. develops and sells plant-based food and beverage brands across the U.S. and Canada
- The Planting Hope Company Inc. (MYLK) opened trading at $0.88 per share
The Planting Hope Company (MYLK) has closed a bought deal public offering for total gross proceeds of C$8,050,000.
The company issued a total of 10,062,500 shares at a price of $0.80 per share, including the full exercise of the underwriter’s over-allotment option.
Canaccord Genuity Corp. acted as lead underwriter and sole bookrunner for the offering.
The company intends to use the net proceeds primarily to fund operating and marketing expenses, including the expansion of distribution and new product launches in the U.S. and Canada and to fund a portion of the purchase price for the acquisition of the RightRice® product lines.
Planting Hope develops and sells innovative plant-based food and beverage brands across the U.S. and Canada.
The Planting Hope Company Inc. (MYLK) opened trading at $0.88 per share.