Source: Simply Better Brands Corp.
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  • Simply Better Brands Corp. (SBBC) has completed the first tranche of its previously announced non-brokered private placement
  • The company issued a total of 4,718,203 common ‎shares for gross proceeds of $1,391,869.69
  • The proceeds from the first tranche will be used to reduce debt and for general working capital purposes
  • Simply Better Brands Corp focuses on promoting healthy and active lifestyles
  • Simply Better Brands Corp. (SBBC) opened the day trading at $0.365

Simply Better Brands Corp. (SBBC) has completed the first tranche of its non-brokered private placement offering of common ‎shares.

The company issued a total of 4,718,203 common ‎shares for gross proceeds of $1,391,869.69.

The first tranche is part of a ‎larger private placement offering of up to 11,016,949 common ‎shares for aggregate gross proceeds of up to $3,250,000.‎

The company expects the offering to be fully subscribed.

All shares issued are ‎subject to a statutory four-month hold period that expires on November 26, 2022.‎

The proceeds from the first tranche will be used to reduce debt and for general working capital purposes.

Simply Better Brands Corp. leads an international omni-channel platform with diversified assets in the emerging plant-based and holistic wellness consumer product categories.

Simply Better Brands Corp. (SBBC) opened the day trading at $0.365 per share.


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