The company said it has raised around C$3.6mln, which will be used for working capital and investment across the whole of its wellness business
() said it has closed the first tranche of its non-brokered private placement of units in the company raising gross proceeds of C$3.6mln (£2.1mln).
The company said it raised the funds through the issue of around 45.9mln units at a price of C$0.079 each. Each unit consists of one share in Sativa and half of a one share purchase warrant, two of which entitles the holder to purchase one share at a price of C$0.10 until March 31, 2023.
Sativa also said it has issued and paid around 2.5mln finder’s units and 2.5mln finder’s warrants to .
It added that the proceeds of the offering will be used for working capital and investment across the whole of its wellness business.
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