Proceeds will fund marijuana production facility in Stellarton, N.S.
By Toni Weeks
San Luis Obispo, Calif., March 7 - Vida Cannabis Corp. said it completed a $1 million private placement of stock.
The company sold 6,666,666 common shares at $0.15 each.
Proceeds will be used to advance subsidiary Vida Cannabis (Canada) Ltd.'s plans to develop a large-scale, licensed, pharmaceutical-grade marijuana production facility in Stellarton, N.S.
Vida Cannabis is based in Toronto. The private company is focused on developing a dominant production footprint in the global marketplace for the legal use of medicinal and recreational marijuana.
| Issuer: | Vida Cannabis Corp.
|
| Issue: | Common shares
|
| Amount: | $1 million
|
| Shares: | 6,666,666
|
| Price: | $0.15
|
| Warrants: | No
|
| Settlement date: | March 7
|
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