Valens GroWorks Corp. (CSE:VGW) (the “Company“) is pleased to announce the closing of an additional 1,158,614 units (the “Units“) for proceeds of $753,100, the second and final tranche of the non-brokered private placement first announced on November 30, 2016. The Company raised a total of $1,399,575 at a price of $0.65 per Unit (the “Offering“). The financing was oversubscribed by $99,575. Insiders subscribed for an aggregate of 644,461 Units in this tranche.
The Company intends to use the proceeds of the Offering for security upgrades, equipment purchases and debt repayment by wholly-owned subsidiary Valens Agritech Ltd., and to supplement general working capital.
The Company may pay a finder’s fee on the Offering within the amount permitted by the policies of the CSE. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued pursuant to this private placement are subject to a hold period expiring four months and one day from the date of issuance.
About Valens GroWorks Corp.
The Company recently completed the acquisition of Valens Agritech Ltd. (“VAL“). VAL is a biotechnology company based in the Okanagan Valley of British Columbia, focused on cannabis cultivation and research, with assets and improvements that include a state-of-the-art 17,000 square foot R&D facility located in Kelowna, British Columbia.
VAL has scheduled a final inspection to take place this week, under its application for a Controlled Drugs and Substances Dealer’s Licence (including the activities of cultivation, production (extraction), packaging, possession, sale, transportation, delivery and research), by the Regional Inspectorate of the Office of Controlled Substances of Health Canada, expected to be a three day process.
Post-licensing, Valens anticipates participation in several clinical trial programs researching the efficacy of medical cannabis for certain indications, and is seeking to capture a broad spectrum of medical marijuana users, as well as recreational users once legalized.
On behalf of the Board of Directors,
VALENS GROWORKS CORP.
Robert van Santen, Chief Executive Officer
This press release contains forward-looking information based on current expectations. Statements about the Company’s expectations are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Valens Groworks assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
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The Directors of the Company accept responsibility for the contents of this announcement.
TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) announces that it has granted an aggregate of 400,000 options at an exercise price of CDN$1.00, exercisable for a period of five years, to directors and officers of the Company. The stock options are being granted pursuant to the terms of the Company’s stock option plan, and are subject to regulatory approval.
About TransCanna Holdings Inc.
Donation will benefit veteran-focused organizations and nonprofits, including all TruVet Program partners
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a United States -based leading medical cannabis company, announced today a donation for all TruVet Program partners year-to-date in honor of Veterans Day. A total of $15,000 representing a portion of the November proceeds from the Company’s limited-edition Freedom Pre-Roll product, will be shared among program partners, which are veteran-focused organizations andor nonprofits.
ACB Final Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Aurora Cannabis, Inc. Shareholders With Losses Exceeding $110,000 of Class Action and Lead Plaintiff Deadline: December 1, 2020
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Aurora Cannibas, Inc. (“Aurora” or the “Company”) (NYSE:ACB) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Aurora securities between February 13, 2020, and September 4, 2020, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.comacb
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.