Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.
1. Canopy Growth Corp. (TSX: WEED)
- Gross Proceeds: US$30 million
- Sector: Cannabis
- Units issued: 6.99 million
- Type: Special units
- Price: US$4.29
- Warrants: Full; US$4.83; Five years
- Agents: Non-brokered
- Use of Proceeds: Debt payment
Company breakdown:
Canopy Growth is one of the biggest cannabis companies in Canada, owning a variety of "premium and mainstream cannabis brands." It also owns Acreage Holdings Inc., a multistate cannabis operator in the U.S. The company lost $324 million in its fiscal Q2.
The company rolled back shares 1:10 on Dec. 15, in the midst of a steep decline over the past year.
2. Affinor Growers Inc. (CSE: AFI)
- Gross Proceeds: $1 million
- Sector: Vertical farming
- Units issued: 5 million
- Type: Special units
- Price: $0.20
- Warrants: Full; $0.25; Two years
- Agents: Non-brokered
- Use of Proceeds: Strawberries
Company breakdown:
Vertical farming tech company Affinor Growers announced a $1 million financing in order to finance "the production and development of strawberries." The company recently received approval from Freshbay Inc. for its Atlantis greenhouse, which includes the installation of 17,530 vertical growing towers to grow 8.2 million pounds of strawberries.
The company was reinstated for trading late December, and shares jumped shortly after.
