Crop Infrastructure announces up to C$4M convertible debenture offering by the cannabis branding company
Crop Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF) announced its plan to raise as much as C$4 million in a senior secured convertible debenture offering.
The cannabis branding and real estate asset company said Thursday in a statement that each unit will be made up of C$1,000 in principal amount of senior secured convertible debenture and one share purchase warrant per C$0.30 of principal amount.
READ: Crop says Washington State tenant’s cannabis crops pass tests for impurities
Each warrant, according to the company, entitles the holder to acquire one common share at an exercise price of $0.50 per warrant share for a period of three years from the date of the offering’s closing.
At any time, the company said, holders may convert all or part of the principal amount for the debentures into common shares at a conversion price of C$0.30 per conversion share.
Shares of Crop climbed C$0.01 to C$0.32 in Thursday’s Canadian trading. They traded at US$0.25 on the OTC Markets.
The company’s portfolio of projects includes cultivation properties in California, two in Washington State and a 1,000-acre Nevada cannabis farm.
Earlier this week, the company said its Washington State tenant’s first cannabis crops had passed all tests for microbial impurities and showed no detectable pesticides.
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/214277/crop-infrastructure-announces-up-to-c4m-convertible-debenture-offering-by-the-cannabis-branding-company-214277.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).