Venture Market News for January 16, 2019
- KushCo Holdings, Inc. Prices $34.0 Million Registered Direct Offering
GARDEN GROVE, Calif., Jan. 16, 2019 (GLOBE NEWSWIRE) — KUSHCO HOLDINGS, INC. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Innovations, which provide a range of services and products for a variety of industries including the regulated cannabis and CBD industries, today announced it has entered into definitive agreements with investors for the purchase and sale of (i) 6,476,190 shares of common stock, par value $0.001 per share, and (ii) warrants to purchase up to 3,238,095 shares of common stock at an combined offering price of $5.25 per share, pursuant to a registered direct offering. The warrants will have an exercise price of $5.75 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $34.0 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities. The closing of the registered direct offering is expected to take place on or about January 18, 2019, subject to the satisfaction of customary closing conditions.
- Amerigo Reports Record 2018 and Q4-2018 Production Results
January 16, 2019- OTC Disclosure & News Service- Vancouver, BC, Canada —This release includes additional documents. Select the link(s) below to view.
- Gran Colombia Gold’s 2018 Annual Production Reaches 218,001 Ounces, Up 25% Over 2017; Announces Details for the Forthcoming Quarterly Repayment of Its Gold Notes On January 31, 2019
TORONTO, Jan. 16, 2019 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 55,260 ounces of gold in the fourth quarter of 2018, up 7% over the fourth quarter of 2017. This brings the total annual gold production for 2018 to 218,001 ounces, up 25% over 2017 and surpassing the Company’s initial guidance for 2018.
- CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH.U) Locks Up Acquisition of In Good Health, Inc.
LAS VEGAS, Jan. 16, 2019 /CNW/ – CLS Holdings USA, Inc. “CLS”, a diversified cannabis company operating as Cannabis Life Sciences, is pleased to announce that it has entered into an option (the “Agreement”) to acquire In Good Health, in accordance with the previously excuted letter of intent. In Good Health is a licensed medical dispensary in Brockton, Massachusetts.
- GB Sciences Completes Harvest of First Cannabis Crop in Partnership with The Louisiana State University Agricultural Research Center
Nationally recognized collaboration with the Louisiana State University Agricultural Center
LAS VEGAS, Jan. 16, 2019 /PRNewswire/ — GB Sciences, Inc. (OTCQB: GBLX) announced the harvest of the first test cannabis crop in the company’s nationally-recognized collaboration with Louisiana State University Agricultural Center.
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