Source: Choom.
  • Choom Holdings (CHOO) has announced a non-brokered private placement for gross proceeds of $500,000
  • The company will issue 10,000,000 units priced at $0.05 per unit
  • Net proceeds will be used for general working capital and corporate purposes
  • Choom Holdings is an adult-use cannabis company with an established network of stores across Canada
  • Choom Holdings Inc. (CHOO) opened trading at C$0.035 per share

Choom Holdings (CHOO) has announced a non-brokered private placement for gross proceeds of $500,000.

The company will issue 10,000,000 units priced at $0.05 per unit. Each unit consists of one common share and one transferable warrant exercisable at a price of $0.05 per share for a period of 24 months.

The private placement is subject to the approval of the CSE. Shares issued during the placement will be subject to a four-month hold period.

Net proceeds will be used for general working capital and corporate purposes.

Choom Holdings is an adult-use cannabis company with an established network of stores across Canada.

Choom Holdings Inc. (CHOO) opened trading at C$0.035 per share.

More From The Market Online

Tilray’s Breckenridge Brewery honours Denver Nuggets with new ale

Tilray Brands (TSX:TLRY) subsidiary Breckenridge Brewery launches a new ale to recognize the 2023 NBA championship-winning Denver Nuggets.

Avicanna launches 10% CBD (THC free) formula in Canada

Avicanna (TSX:AVCN) launches RHO Phyto Micro Drop 100, a 10 per cent CBD (THC free), proprietary oral formulation in Canada.

Organigram looks to raise capital as cannabis stocks surge

Organigram (TSX:OGI), one of Canada's first cannabis stocks, announces an overnight marketed public offering of units for up to C$25 million.