DENVER, Colo., May 23, 2019- (24/7MarketNews via COMTEX) Venture Market News for May 23, 2019.
Green Thumb Industries (GTI) Announces USD $105 Million Senior Secured Debt Financing
VANCOUVER, British Columbia, May 23, 2019 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“GTI” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of the retail chain Rise™, today announced the Company has closed on a USD $105 million Senior Secured non-brokered private placement financing through the issuance of senior secured notes (the “Notes”). The Company intends to use the proceeds for general working capital purposes, various growth initiatives, as well as to retire the Company’s existing debt.
KinerjaPay Confirms Timing of Local Bank’s Monetization of Recently Received Bank Guarantee From the Wahana Group
JAKARTA, Indonesia, May 23, 2019 /PRNewswire/ — Subsequent to a meeting with the lead bank of the local banking syndicate, KinerjaPay (OTCQB: KPAY) expects to begin receiving the funds to start its investment program by the end of May and to continue through the next several months. The lead bank said to expect US$10-15 million of the funding of the recent bank guarantee to be in the Company’s Bank Account by the end of May or first week of June. These funds are to be received under the series F and G convertible preferred equity private placement signed by the Wahana group in January 2019.
IntelGenx to Join the Quebec Pavilion at BIO 2019 International Convention
SAINT LAURENT, Quebec, May 23, 2019 (GLOBE NEWSWIRE) — IntelGenx Corp. (TSX-V:IGX) (OTCQX:IGXT) (“IntelGenx”), leader in pharmaceutical films, today announced that it will be joining the Quebec Pavilion at Booth #2627 at BIO 2019 International Convention taking place on June 3-6, 2019 in Philadelphia, PA. IntelGenx will be promoting its contract development and manufacturing organization (“CDMO”) service capabilities utilizing its oral film and transdermal technologies.
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