DENVER, Colo., April 23, 2019- (24/7MarketNews via COMTEX) Venture Market News for April 23, 2019.
- MedMen Enters Into Definitive Documentation for US$250 Million Investment From Gotham Green Partners and Closes Initial Funding Tranche
LOS ANGELES, April 23, 2019 /PRNewswire/ – MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that, further to its press release dated March 22, 2019, it has entered into definitive agreements in respect of a US$250,000,000 secured convertible credit facility (the “Facility”) with Gotham Green Partners, an investor in the global cannabis industry.
- Metalla Closes $12 Million Convertible Loan Facility From Beedie Capital
VANCOUVER, April 23, 2019 /CNW/ – Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that it has closed its convertible loan facility (the “Loan Facility”) of C$12.0 million (the “Loan”) with Beedie Capital (“Beedie”) to fund acquisitions of new royalties and streams (the “Closing”). The Loan will be funded by way of an initial advance of C$7.0 million within 90 days from the Closing, and the remaining C$5.0 million will be available for subsequent advances in minimum tranches of C$1.25 million. The Loan Facility carries an interest rate of 8.0% on advanced funds and 2.5% on standby funds available, with the principal payment due 48 months after the Closing. The Loan can be repaid with no penalty after 18 months and carries no warrant coverage. The principal amount of the Loan is convertible into common shares of the Company (“Metalla Shares”) at a conversion price of C$1.39 at the option of Beedie and is secured by certain assets of the Company. Metalla Shares acquired on conversion will be subject to a four-month hold period.
- Gopher Received Opinion from the International Searching Authority Under the Patent Cooperation Treaty for the Gopher Radio Token Patent Application
SAN DIEGO, CA, April 23, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”, or “the Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ global mesh network technology platform for both mobile and fixed solutions, today announced it has received an International Search Report and Written Opinion (the “Opinion”) pertaining to its Gopher Radio Token application from the International Searching Authority under the Patent Cooperation Treaty. All claims under the Opinion have been found to be novel and have “inventive step” (i.e., to be non-obvious).
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