Wednesday, October 8, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

48North Loses Significant Investor Guy Laliberte

After whats been one of the toughest weeks of the year, 48North Cannabis Corp (TSXV:...

Friday, May 24, 2019, 07:00:22 AM

Hexo Corp To Close Down Facilities Just Months After Acquiring Them

It’s not a good day to be a Canadian cannabis investor. Following the announcement of...

Tuesday, November 9, 2021, 12:05:22 PM

48North Launches First Topical Product In Ontario

It appears today is the day for a number of new product announcements for the...

Thursday, March 5, 2020, 09:42:29 AM

Hexo Corp To Acquire 48North Cannabis For $0.175 A Share

Hexo Corp (TSX: HEXO) (NYSE: HEXO) is evidently focused on acquiring struggling Canadian cannabis cultivators....

Monday, May 17, 2021, 07:38:46 AM

48North Posts Revenue Decline of 71% on Quarterly Basis

48North Cannabis Corp (TSXV: NRTH) released its financials late yesterday over the Victoria Day holiday...

Tuesday, May 21, 2019, 06:30:32 AM