Source: Simply Better Brands Corp.
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  • Simply Better Brands (SBBC) is upsizing its private placement
  • The company will issue up to 580,046 units for gross proceeds of up to $2.5M
  • The offering is expected to close on or about February 18, 2022
  • The net proceeds of the offering will be used to repay debt
  • Simply Better Brands leads an international omni-channel platform with diversified assets in the plant-based and holistic wellness consumer product categories
  • Shares of Simply Better Brands Corp. (SBBC) opened trading at C$4.88

Simply Better Brands (SBBC) has upsized its previously announced private placement to $2.5M. The company will issue up to 580,046 units at a price of $4.31 per unit.

Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at a price of $5.06 for up to two years following the closing date of the offering.

The net proceeds of the offering will be used to repay debt.

The completion of the offering will be subject to acceptance by the TSX Venture Exchange.

The offering is expected to close on or about February 18, 2022.

All units issued will be subject to a four-month hold period.

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

Shares of Simply Better Brands Corp. (SBBC) opened trading at C$4.88.

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