Lotus Ventures (CNSX:J) has closed its financing for gross proceeds of $5,018,050 (10,036,100 units). Each unit contains one common share at $0.50 and one five-year share purchase warrant exercisable at a price of $0.70. The issue was initially announced November 17, 2017 targeting a raise of $1,000,000 and has completed with an exchange-authorized oversubscription of approximately $4,000,000. Total finder fees on the transaction totalled $115,750. In the last 12 months we have raised more than $7 million of equity at a weighted average price of 42.9 cents per share.
The proceeds of this financing, together with cash reserves and the $12 million of facility financing committed by Cannabis Wheaton (previously announced) will support the completion of our first facility, presently well under construction. The balance of capital funds, estimated at $10 million, will be applied to an expansion of this “purpose built” indoor operation at our Armstrong, BC 23-acre location.
Our business model combines an “upstream” streaming finance model with Cannabis Wheaton and a “downstream/grower partner model” with our growing partner/licensees across Canada. The Lotus approach enables a scalable and reliable low-cost, high quality production at our BC facilities and our national partners.
ON BEHALF OF THE BOARD
Lotus Ventures Inc.
Dale McClanaghan, President and CEO
For further information: Dale McClanaghan: firstname.lastname@example.org (604) 644-9844 or Daniel McRobert, Communications email@example.com (604) 842-4625
World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect
About Love Hemp
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:
Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.
Meanwhile, two longstanding cannabis partners ended their relationship.
Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development
Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.
The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.