Thursday, September 11, 2025

C21 Investments To Issue $4.0 Million In Convertible Debt To Fund Dispensary Purchase

C21 Investments (CSE: CXXI) is looking to expand its Nevada-based operations, however it must raise debt to do so.

The firm this morning indicated that it has entered into an agreement for its Nevada subsidiary, Silver State Relief, to acquire a 6,500 square foot retail cannabis dispensary in Southern Reno, Nevada, from that of Deep Roots Harvest. The purchase comes with a price tag of US$3.5 million, which is to be paid in cash. US$100,000 of that figure is due upon signing, with the remainder due on closing.

Historical financial performance of the dispensary was not provided, nor was any form of price multiple for the price paid.

To fund the acquisition, C21 is looking to issue C$4.0 million in secured convertible debentures, with each unit being pegged at C$1,000. Each unit is to come with 1,000 detachable common share purchase warrants priced at $0.55 per share, and an expiry 30 months from the date of issuance. The debt meanwhile is convertible at $0.45 per share, is due 30 months from the date of issuance, and bears interest at 12.0% per annum, payable quarterly in cash.

Funds from the debt offering are to be used to fund the purchase of the dispensary.

“We plan to integrate and rebrand this dispensary, purpose-built in 2021, under the Silver State Relief banner. With the dispensary’s desirable location in a high traffic, flourishing area of Southern Reno, we anticipate strong revenue growth from this acquisition, along with the added benefit of allowing us to expand the portion of our cultivation capacity sold through our retail channel,” commented Sonny Newman, CEO of C21.

The asset purchase remains subject to regulatory approvals.

C21 Investments last traded at $0.415 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. 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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

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

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

C21 Investments: Results.. Are Going To Show Up Any Day Now

C21 Investments (CSE:CXXI) has managed to weather the cannabis equity collapse much better than its...

Wednesday, July 8, 2020, 01:32:00 PM

C21 Investments Records US$9.0 Million In Revenue, Net Income For Fiscal Q2 2022

C21 Investments Inc. (CSE: CXXI) released today its fiscal second-quarter 2022 financial results, which saw...

Tuesday, September 28, 2021, 08:33:46 AM

C21 Investments Books Loss On Sale Of Certain Oregon Assets, Including Majority Of Swell Assets

C21 Investments (CSE: CXXI) this morning announced that it has sold off certain assets in...

Thursday, January 7, 2021, 09:17:13 AM

C21 Investments & The Silver State Acquisition

C21 Investments (CSE: CXXI) has been all the rage on Fintwit for the last couple...

Monday, March 18, 2019, 01:00:24 PM

C21 Investments Sees CEO Extend Maturity Of Secured Note, Secures Commitment For Repayment Of Convertible Debt

It appears that C21 Investments (CSE: CXXI) CEO Sonny Newman is determined to get the...

Thursday, November 19, 2020, 07:46:34 AM