FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) a royalty company for the U.S. licensed medical cannabis industry, is pleased to announce following higher than anticipated demand the Company has increased the size of its previously announced non-brokered private placement financing from C$3 million to C$5 million. FinCanna will now issue up to 16,666,667 Units at a purchase price of C$0.30 per Unit. Each Unit will consist of one common share of FinCanna and one common share purchase warrant. Each full warrant will be exercisable to acquire one common share of FinCanna at an exercise price of $0.45 for 24 months from the date of the closing of the Private Placement.
Hemp Land, Cannabis Hemp Blog, 11/14/2020 01:02:52