Fire & Flower Completes $15.0 Million At The Market Offering
Fire & Flower Holdings (TSX: FAF) this morning announced that it has already completed its at the market financing. Initially announced on December 3, 2020, the company has managed to raise gross proceeds from the direct sale of shares on equity markets in roughly a two month time period.
A total of 16.6 million new shares were issued in connection with the offering over the two month period, under an arrangement with ATB Capital Markets, whom was the firm distributing the new shares of the company.
Proceeds from the financing are reportedly to be used for general corporate purposes, capital expenditures, and working capital.
Fire and Flower last traded at $1.10 on the TSX.
Information for this briefing was found via Sedar and Fire and Flower Holdings. 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
Curious about the emphasis on ‘already’ and ‘two month period’. Is that notable/atypical of ATM offerings?