Urban Hydroponics settles $880,000 private placement of its securities

Proceeds used to make working capital bridge loans to other companies

By Devika Patel

Knoxville, Tenn., Oct. 31 – Urban Hydroponics Inc. said it raised $880,000 in a private placement.

The company also said it plans to merge with three Canadian companies in the urban cultivation sector. It will acquire Urban Cultivator Inc., BC Northern Lights Enterprises Ltd. and W3 Metal Inc.

Proceeds from the placement were used to make working capital bridge loans to the three potential subsidiaries.

The shell company is based in Miami Beach.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.