Venture Market News for October 11, 2018
- MedMen Doubles Market Reach with Acquisition of PharmaCann
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) and Chicago-based PharmaCann LLC (“PharmaCann”) announced today that both companies have signed a binding letter of intent (the “Agreement”) for MedMen to acquire PharmaCann in an all-stock transaction valued at $682 million.
- MGX Minerals Reports Gibraltar Silicon Project Metallurgy; Suitability for Metallurgical Grade Silicon Confirmed
VANCOUVER, BC / ACCESSWIRE / October 11, 2018 / MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) announces it has received an independent evaluation and report regarding potential applications of quartzite material originating from its Gibraltar Silica Property (”Gibraltar” or the ”Property”).
- Wayland Group Announces $50 million Bought Deal Financing
TORONTO, Oct. 11, 2018 /CNW/ – Wayland Group (CSE:WAYL) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Wayland” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (the “Lead Underwriter” and, collectively with the syndicate, the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 30,350,000 units (the “Units”) of the Company at a price of $1.65 per Unit (the “Offering Price”) for aggregate gross proceeds of $50,077,500 (the “Offering”).
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