DENVER, Colo., April 18, 2019- (24/7MarketNews via COMTEX) Venture Market News for April 18, 2019.
- RNC Minerals Closes $12 Million Bought Deal Financing
TORONTO, April 18, 2019 /CNW/ – RNC Minerals (TSX: RNX) (“RNC” or the “Company”) is pleased to announce that it has closed its previously announced bought deal financing of 24,490,000 common shares of the Company (the “Common Shares”), at a price of $0.49 per Common Share (the “Issue Price”), for gross proceeds to the Company of $12,000,100 (the “Offering”). The Offering was underwritten on a “bought deal” basis by a syndicate of underwriters, co-led by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation, and including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., RBC Dominion Securities Inc., Sprott Capital Partners LP and TD Securities Inc. (collectively, the “Underwriters”).
- SOL Global’s CBD and Hemp Portfolio Company, Heavenly Rx, Closes Private Placement Financing of Over $12 Million
TORONTO, April 18, 2019 /PRNewswire/ – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) is pleased to announce that it has completed multiple tranches of a non-brokered private placement financing of common shares of its subsidiary, Heavenly Rx Ltd. (“Heavenly Rx”), for aggregate gross proceeds of $12,586,250 (the “Offering”). An aggregate of 125,862,500 common shares in the capital of Heavenly Rx (“Heavenly Shares”) were issued and sold at a price of $0.10 per Heavenly Share. As a result of this financing, SOL Global now holds 34.40% of the issued and outstanding Heavenly Shares with the subscribers from the Offering collectively holding the remaining 65.60%. The Heavenly Shares were sold to accredited investors pursuant to applicable securities regulations and are subject to an indefinite hold period.
- Acreage Holdings Enters Nevada Market With Acquisition of Vertically Integrated Deep Roots Medical
NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTC: ACRGF) (FSE: 0ZV) announced that on April 17, its subsidiary, High Street Capital Partners, LLC entered into an agreement to acquire 100% of Deep Roots Medical LLC (“Deep Roots”), a vertically integrated cannabis operator in Nevada, for a total deal value of $120 million to be paid in common units and cash. Deep Roots marks Acreage’s entry into Nevada, increasing the company’s total state footprint to 20 (including pending acquisitions) – the largest in the US cannabis industry. With a population of three million, and tourism that attracts 43 million visitors per year, Nevada is estimated to generate nearly $800 million in legal cannabis sales by 2022, according to Arcview Market Research.
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