Source: me&ideas
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • CENTR Brands (CNTR) has completed a non-brokered private placement financing
  • CENTR raised gross proceeds of $3,081,252.00
  • Another closing of the financing is expected to result in the issue of further units on similar terms within the next few weeks
  • CENTR develops and markets CBD-infused non-alcoholic beverages
  • CENTR Brands Corp. (CNTR) opened trading at C$1.50 per share

CENTR Brands (CNTR) has completed a non-brokered private placement financing.

CENTR will issue units comprised of one common share and one common share purchase ‎warrant at an issue price of $1.50 per unit for gross proceeds of $3,081,252.00.

Each warrant will be exercisable to acquire one common share at a price of $1.75 for a period of three years following the date of issue, subject to a redemption timing adjustment in certain events. Founding shareholders and insiders of the company participated in the financing, and that another closing of the financing is expected to result in the issue of further units on similar terms within the next few weeks.

Net proceeds will be used for general working capital purposes.

The financing is subject to certain conditions including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange.

CENTR Brands is a functional beverage company that develops and
markets CBD-infused non-alcoholic beverages for the global market.

CENTR Brands Corp. (CNTR) opened trading at C$1.50 per share.

More From The Market Herald

" Revive (CSE:RVV) gets FDA OK for Bucillamine trials to treat COVID-19

Revive Therapeutics (RVV), a cannabis and psychedelic healthcare company has received feedback from the U.S. FDA to help advance Bucillamine.

" West Island Brands (CSE:WIB) releases Q1 financial results

West Island Brands (WIB) has released unaudited first quarter 2022 financial results.

" Sweet Earth (CSE:SE) signs LOI to acquire strategic targets from ST Group

Sweet Earth Holdings (SE) has signed an LOI with ST Group to explore the amalgamation of certain partner assets and companies into Sweet

" Vibe Growth (CSE:VIBE) obtains approval for greenhouse cultivation license

Vibe Growth (VIBE) has been granted a commercial cannabis cultivation license by the State of California’s Department of Cannabis Control.