48North To Conduct Financing At $0.21 Per Unit

48North Cannabis Corp (TSXV: NRTH) last night announced that it will be conducting an overnight marketed public offering of units. The total figure to be raised is as of yet unidentified by the company, with details expected to be released this morning.

The offering is set to see units sold at a price of $0.21 per unit, with the offering lead by Cormark Securities and Cantor Fitzgerald. Each unit is to contain one common share and one common share purchase warrant, with each warrant valid at a price of $0.26 per share for a period of two years from the date of issuance.

Proceeds from the offering are to be used for working capital and general corporate purposes.

The financing is currently slated to close March 26, 2021.

48North Cannabis last traded at $0.26 on the TSX Venture.


Information for this briefing was found via Sedar and 48North Cannabis Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

48North’s VanderMarel Resigns as Co-CEO

48North Cannabis Corp (TSXV: NRTH) announced after the bell today that co-CEO Jeannette VanderMarel has...

Tuesday, September 10, 2019, 05:15:52 PM

48North Disposes of US-Based Assets Rare Industries, Sackville & Co.

48North Cannabis Corp (TSXV: NRTH) has disposed of its US-based assets as the company refocuses...

Saturday, May 23, 2020, 10:02:00 AM

48North Reports THC Results for Outdoor Harvest

48North Cannabis (TSXV: NRTH) has received test results back related to its outdoor harvest. This...

Thursday, December 12, 2019, 08:23:13 AM

48North Posts Revenues of $1.4 Million, Yields 120 KG of Cannabis Per Acre

48North Cannabis Corp (TSXV: NRTH) reported its first quarter fiscal 2020 financials this evening, posting...

Monday, November 25, 2019, 05:11:44 PM

Alison Gordon Leaves 48North Cannabis

48North Cannabis Corp (TSXV: NRTH) announced this morning that Alison Gordon has left the company...

Monday, March 9, 2020, 08:54:28 AM