Source: Craftport Cannabis Corp.
  • Craftport Cannabis (CFT) closed its non-brokered private placement offering for gross proceeds of $1.5 million
  • The company issued 18,750,000 common shares at a price of $0.08 per common share
  • The company’s focus is on the Canadian premium craft cannabis recreational market, utilizing an outsourced cultivation model
  • Craftport Cannabis Corp. (CFT) opened trading at $0.045

Craftport Cannabis (CFT) has closed its non-brokered private placement for gross proceeds of $1.5 million.

The company issued 18,750,000 common shares at a price of $0.08 per common share.

Net proceeds of the offering are expected to be used by the company for general working capital purposes.

No finders fees have been, or will be paid in connection with this offering.

Craftport Cannabis (CFT) is a Canadian cannabis licensed producer operating out of Peachland, British Columbia. The company’s focus is on the Canadian premium craft cannabis recreational market, utilizing an outsourced cultivation model.

Craftport Cannabis Corp. (CFT) opened trading at $0.045.

More From The Market Online

Buzz on the Bullboards: Challenges amid inflation and geopolitical tensions

Canadian and U.S. stock markets grapple with a host of challenges, from surging inflation data to escalating tensions in the Middle East.

Xebra Brands receives second CBD approval by Mexican authority

Xebra Brands (CSE:XBRA) announces it has received its second COFEPRIS approval for CBD product authorization in Mexico.
Canopy Growth - CEO, David Klein.

Canopy Growth shareholders approve Canopy USA asset strategy

After rearranging its capital structure, Canopy Growth (TSX:WEED) will be closer to establishing a U.S.-based multi-state operator.