Cinaport Acquisition plans to conduct C$30 million private placement

Deal conducted in connection with qualifying transaction with Mettrum

By Devika Patel

Knoxville, Tenn., June 18 – Cinaport Acquisition Corp. said it will raise up to C$30 million in a private placement. The deal will be conducted in connection with the company’s qualifying transaction with Mettrum Ltd., a Toronto-based medical cannabis producer.

Cormark Securities Inc. is the lead agent.

Proceeds will be used for capital improvements, marketing, patient acquisition, strategic opportunities, product development and general working purposes.

The capital pool company is based in Toronto.

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